In recent years, technological advancements have transformed the landscape of healthcare, bringing about innovative solutions to improve patient outcomes and enhance the overall delivery of medical services. One such breakthrough is Remote Therapeutic Monitoring (RTM), a paradigm shift that enables healthcare professionals to monitor and manage patients' health remotely. We'll explore the concept of RTM and how EllieGrid, a cutting-edge healthcare tool, is at the forefront of this transformative approach.
Understanding Remote Therapeutic Monitoring (RTM)
What is RTM? Medicare’s Remote Therapeutic Monitoring involves the use of technology to collect and analyze patient health data outside of traditional healthcare settings. This method allows healthcare providers to monitor and manage chronic conditions and assess the effectiveness of treatments without the need for frequent in-person visits, such as medication adherence.
In order to take advantage of this, healthcare providers can use a "smart" medical device to track medication adherence data. Our first product, EllieGrid, is a smart pill box that can hold seven different types of pills. Our newest product, EllieBox, allows patients to easily place the RxPacks (e.g. PillPack) into the device so that you can track adherence and create a new recurring revenue stream.
Here’s how.
2024 Remote Therapeutic Monitoring CPT Codes |
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CPT 98975 |
Initial set-up & patient education on use of equipment for musculoskeletal, respiratory and behavioral health system status. |
$19 |
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CPT 98976, 98977, 989X6 |
Supply of EllieGrid and EllieBox to monitor medication adherence data for each 30 day period. |
$54 |
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CPT 98980 |
First 20 minutes of RTM services provided by clinical staff, MD or NPP over a 30-day period. Requires at least one interactive 20 minutes of communication within the calendar month. |
$49 |
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CPT 98981 |
Each additional 20 minutes of RTM services provided by clinical staff, MD, or NPP during a 30-day period. Requires at least one interactive communication within the calendar month. |
$40 |
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$ Pricing amounts vary from area to area and are subject to change.
We estimate an average yearly RTM reimbursement for a patient = $1,464. For 100 patients that would be ~$146,400.
Key benefits of RTM include:
- Improved Patient Engagement: RTM empowers patients to actively participate in their healthcare by providing real-time data on their health status. This engagement fosters a sense of responsibility and encourages individuals to make informed decisions about their well-being.
- Early Detection and Intervention: Continuous monitoring allows healthcare professionals to detect changes in a patient's condition promptly. Early intervention can prevent the escalation of health issues, reducing the need for emergency interventions and hospitalizations.
- Enhanced Treatment Adherence: With RTM, healthcare providers can track patients' adherence to prescribed treatments and medications. This data helps identify and address potential issues before they impact the effectiveness of the therapeutic plan.
- Optimized Resource Utilization: By reducing the frequency of in-person visits for stable patients, RTM optimizes healthcare resources. Providers can allocate their time and resources more efficiently, focusing on patients who require immediate attention.
- Reduce Readmissions and Complications: By proactively identifying potential medication interactions and adverse events through RTM, providers can prevent hospital readmissions and complications. This translates to improved QPP measures like Hospital Readmission Reduction Program (HRRP) and Total Performance Score (TPS), directly impacting star ratings.
Ellie's Smart Pill Boxes: A Pioneer in Remote Therapeutic Monitoring
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EllieGrid INC. stands out as a trailblazer in the realm of RTM, offering a comprehensive solution to facilitate seamless remote monitoring. EllieGrid's platform is designed to enhance the patient experience while providing healthcare professionals with actionable insights. Here's how we achieve Remote Therapeutic Monitoring excellence:
- Smart Medication Dispensers: EllieGrid's intelligent medication organizers ( EllieGrid & EllieBox) ensure that patients adhere to their prescribed medication schedules. The devices provide real-time data on medication adherence, promoting consistency and effectiveness in treatment.
- Empowering UX: We believe our customers are people before patients, and this philosophy has been ingrained in our design principles from day one. Inspired by personal and loved ones' experiences, we strive to enhance lives through thoughtful innovation and user-centric solutions.
- Customizable Alerts and Notifications: The platform enables the patient and/or caregiver to set up personalized alerts based on individuals needs. This ensures that both patients and providers are promptly notified of any deviations from the established health parameters.
- Secure Data Transmission: EllieGrid prioritizes the security and privacy of patient data. The platform employs robust encryption protocols to safeguard sensitive health information, maintaining compliance with healthcare data protection standards.
As we embrace the era of Remote Therapeutic Monitoring, EllieGrid emerges as a game-changer in the healthcare landscape. By combining smart medication dispensers, health tracking capabilities, and customizable alerts, EllieGrid empowers both patients and healthcare providers to achieve better health outcomes. The integration of RTM into healthcare practices not only improves patient care but also contributes to the overall efficiency and sustainability of healthcare systems. EllieGrid's commitment to innovation positions it as a leader in the evolution of remote healthcare monitoring, paving the way for a healthier and more connected future.
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