Drive Patient Retention With Remote Patient Monitoring
Value-based care payment models and reimbursement changes from the Centers for Medicare and Medicaid Services (CMS) prompted adoption of remote patient monitoring (RPM) programs in practices nationwide. COVID-19, however, sent that adoption into overdrive with as many as 30 million patients expected to use some type of RPM tool by 2024. Although the COVID-19 pandemic may be waning in the U.S., RPM adoption will continue.
RPM’s continued growth can be attributed to many reasons. Most significantly, RPM helps improve patient adherence and outcomes, which reduces overall healthcare spending. RPM itself can be less costly if it helps practices work more efficiently, but that fact is highly dependent on the technology used to support an RPM program. By increasing adherence, an RPM program can ultimately drive the patient engagement that leads to long-term patient retention - which can improve a practice’s bottom line.
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