Chronic Care Management: The Best Way to Increase Medical Revenue with Health Wealth Safe
Chronic care management (CCM) is a healthcare delivery system that relies on digital mediums to treat chronically ill patients remotely from the comforts of their homes. It’s a breakthrough innovation in the telehealth landscape and is changing how healthcare providers approach chronic disease management. CCM enables healthcare providers to generate additional revenue through Medicare and allows them to engage with patients comprehensively outside the clinic without putting themselves at the risk of burnout. Now let’s look at how chronic care management works in a bid to understand if it’s profitable for healthcare providers and how they can maximize their revenue by partnering with an esteemed RPM vendor like Health Wealth Safe.
Chronic care management is an entirely remote, non-face-to-face method of patient monitoring. Patients enrolled in chronic disease management programs are provided with digital health data trackers and devices like blood pressure monitors, heart rate trackers, diabetes checkers etc., which they can use to self-record their healthcare data on a regular basis. This recorded data is electronically transmitted to physicians and caregivers and can be accessed anytime, anywhere for instant medical evaluation. Chronic disease management programs being predominantly virtual, enhance the connection between patients and physicians as physical barriers don’t bind them and coordination outside the clinic becomes a possibility. Furthermore, chronic care management software brings new dimensions to CCM and streamlines the various data collection, transmission, retrieval and treatment processes for both patients and providers. Now that we know how CCM programs work, let’s answer the glaring question – is CCM profitable?
The simple answer to this question is yes; chronic care management is profitable and can be a lucrative source of revenue for healthcare providers. However, profitability in CCM can be an uphill road as it demands painstaking meticulousness in documenting the numerous CCM activities along with performing extensive outreach for increased patient enrollments and investing in the latest technology for enhanced patient engagement. The costs to successfully fulfill all these requirements can very well hamper a CCM program from reaching the coveted point of profitability. Partnering with a reputable RPM vendor like Health Wealth Safe can be your best bet to achieve profitability and increase revenue through CCM. How? you ask, let us explain.
Health Wealth Safe is a well-established, experienced and industry-leading healthcare solutions provider serving the healthcare industry with highly efficient and effective organizational healthcare technologies and programs geared at improving patient outcomes and increasing practice revenues. HWS’ CCM program is scrupulously crafted by care management experts and covers all aspects of chronic care management a practice deals with while delivering healthcare services to chronically ill patients. Some ways through which HWS’ CCM program can increase practice revenue are:
Better Patient Management
By integrating our CCM program with your healthcare delivery system, you can manage patients more optimally and significantly lower their chances of hospitalization. Our program fosters coordination between caregivers and patients and ensures that timely support is rendered to avoid unexpected complications. Physicians can easily manage patient data and have it at their fingertips to create ideal treatment regimes for each patient. With virtual patient consultations, physicians can constantly stay abreast with their condition and nip any issues at the bud to enhance patient outcomes.
New Revenue
You can significantly boost savings with our CCM program and retain valuable fortunes otherwise lost on various healthcare processes. HWS will help you with complex billing and reimbursement procedures to open a new line of monthly recurring revenue for your practice. We do not charge you upfront and we only earn when you are fulfilled your dues.
Competitive Advantage
By availing of our CCM program, you can gain an edge over your competitors in every aspect of remote patient monitoring. While your competition will be expending heaps of time and effort in effectively executing and managing the various CCM operations, our CCM program will take care of everything for you, ensuring efficiency and effectiveness. You can maximize your reimbursements and also save extra on management costs.
Resource Pooling
HWS’ CCM program uses cloud storage capabilities to store healthcare data of multiple patients and pool the resources to serve every patient correspondingly. You can effectively store and manage data from numerous patient sources and tap into the cloud anytime to retrieve information for evaluation and treatment.
Reduce Staff Costs
You don’t need to take the pains of managing an in-house workforce for enrolling and engaging patients in your CCM system if you acquire HWS’ chronic care management program. Kickback and watch HWS’ competent support team handle everything and save precious staff costs.
Medication Reconciliation
HWS’ CCM program can reconcile conflicts in medication that can occur when multiple specialists treat a single patient. We can also help in ascertaining the most accurate and up-to-date list of medication by liaising with different specialists that treat a patient as well as referring to their medical records to avoid any discrepancies in the treatment regime.
By outsourcing your CCM requirements to the most successful vendor of RPM – Health Wealth Safe, you can optimize your practice to extract the most out of the profits Medicare can offer to CCM providers. Focus on the essential tasks already on your plate as a medical practice and let HWS manage the various complicated CCM processes. Do not let the precious reimbursements you receive from Medicare become insignificant in front of the costs incurred in handling your in-house CCM team. Outsource your CCM activities and maximize your revenue.
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