This article will discuss the benefits of remote patient monitoring and what it can mean for your health care practice. These solutions offer many benefits, including improved access, reduced costs, and improved quality of care. What’s more, they help support value-based care. However, the main question we’ll address is “what is the purpose of remote patient monitoring?”
Reduces costs
One of the benefits of implementing telemedicine services is that these services allow healthcare providers to accept patients on an ad-hoc basis. This means that providers can offer cms remote patient monitoring at lower rates than they would for in-patient visits, resulting in significant savings for healthcare systems. Furthermore, telemedicine services allow smaller healthcare facilities to share their resources, ultimately reducing costs. Additionally, these technologies allow patients’ medical images to be securely transferred to off-shore locations for quality radiology analysis.
Another benefit of remote patient monitoring services is that they can help hospitals manage costs by reducing the number of readmission penalties associated with high-risk patients. Hospitals can also benefit from reduced readmissions because the charges related to such events are usually incurred within 30 days. By reducing the need to send patients back to the hospital, remote monitoring services can help healthcare organizations improve their efficiency and patient care. In addition, reducing the need for in-person visits can help hospitals focus their resources on treating new patients and preventing readmissions.
Improves access
Improved access to remote patient monitoring enables better coordination of care and helps physicians focus on patients who need extra attention. In addition, remote monitoring allows clinicians to analyze patient data remotely, which improves communication and fosters better relationships between physicians and patients. By providing caregivers with patient data, remote patient monitoring can help improve the quality of care and reduce the spread of COVID-19. Remote patient monitoring can also enhance the capacity of physicians to manage larger patient populations.
The U.S. has a shortage of approximately 55,000 primary care providers. In addition, the number of older Americans is rising by about 45%, and the U.S. is expecting a 10% population growth over the next 12 years. Despite these challenges, remote patient monitoring can help alleviate the strain on clinicians and expand access to care. Additionally, remote monitoring reduces hospital readmissions and emergency room visits, decreasing overall costs.
Improves quality
A recent survey by Spyglass Consulting Group revealed that 88% of health systems and hospitals are investing in remote patient monitoring. In addition to improving patient care, remote monitoring can also reduce the number of ER visits and readmissions. This ultimately enhances health care efficiency and cost. This study was conducted to understand better the benefits of remote monitoring and how it can benefit health systems and hospitals. This article will discuss some of these benefits.
Remote patient monitoring helps healthcare facilities keep track of patient health and improve medication adherence. It keeps high-risk patients at home, freeing up healthcare resources for other patients. In addition to improving health outcomes, remote monitoring helps reduce hospital readmission rates, which enhances Medicare reimbursement. By reducing the number of patients requiring hospital care, remote patient monitoring can also improve the reputation of medical facilities. But the benefits of remote patient monitoring are far-reaching.
Supports value-based care
Telehealth solutions help improve healthcare providers’ clinical insight into the condition of their patients. Remote patient monitoring helps identify trends and improve care delivery by letting providers adjust patient care plans when necessary. Remote patient monitoring benefits various patient populations, including those with chronic conditions, COVID-19 infection, post-surgical recovery, maternal and child needs, and malignant neoplasms.
The role of remote patient monitoring in value-based care is expanding. It increases the number of patients who follow their doctors’ care plans and allows doctors to analyze that data. It also helps nurture patient-provider relationships, fostering better, more open communication. These benefits can be seen in any care setting, but remote patient monitoring is beneficial for those with chronic conditions.
