Remote Patient Monitoring (RPM), also referred to as homecare telehealth, is a type of ambulatory healthcare that allows a patient to use a mobile medical device(s) to perform a routine test(s) and send the test data directly to their healthcare professional in a real-time environment. While somewhat new to the industry, providers have been slow to adapt to this fairly new technology. However, as evidenced by recent articles, there seems to be a growing interest in its’ acceptance:
• June 11, 2018, FierceHealthIT, “Healthcare IT stakeholders urge CMS to adopt three new remote monitoring reimbursement codes.”
• July 2, 2018, Modern Healthcare, “CMS proposes paying home health agencies for remote monitoring.”
• July 16, 2018, FierceHealthIT, Telehealth played a lead role in last week’s 1,473-page proposed rule from CMS that included several new virtual care reimbursement methodologies.”
According to Allied Market Research, a market research and advisory company of Allied Analytics LLP, the Global Remote Patient Monitoring Market size was $703 million in 2015 and is expected to grow at a compound annual growth rate of 17.0% to reach $2,130 million by 2022. m.Care® is uniquely positioned to assist those healthcare, behavioral health, and corporate wellness organizations who wish to take advantage of this rapidly growing market space.