Remote patient monitoring (RPM) is the evolution of technology that allows patients to receive healthcare at home.
As with any newer form of technology, it is common for some users to resist change. Let's take a look at four common myths causing providers to not use remote patient monitoring.
MYTH: Uncertainty Surrounding Low Return on Investment
REALITY: It's a common problem for hospitals to deal with a lack of resources while needing to improve the quality of care and repair their financial burdens. Due to these constraints, some hospital administrators or caregivers may fear that RPM will offer a lower return on investment (ROI) than more traditional models of care.
This isn't what the existing data tells us, however. It continues to demonstrate that RPM provides a significantly high ROI when used to care for patients with chronic diseases. In 2015, FirstHealth Home Healthcare Services of the Carolinas in Pinehurst, North Carolina saved almost $2 million by implementing telehealth to provide care for high-risk patients. The Brockton Hospital of MA achieved a cost avoidance savings of $216,000 through RPM in their CHF population. In addition to cost savings through decreased readmissions and wasteful utilization, RPM is 100% covered by Medicare.
MYTH: It May Not Lead to Greater Patient Outcomes
REALITY: As with any new form of technology, those maintaining the status quo may question the effectiveness of this newer model of care. The data also points to this being an incorrect assumption. Take the example of Banner Health. In 2017 they released an analysis of patient results over the first full year of their telehealth program revealing a 75% reduction in readmissions, a 50% reduction in the number of hospital days, and a 49.5% reduction in hospital admissions.
MYTH: It Creates More Work Than Benefit
REALITY: RPM provides necessary data to physicians such as patient symptoms and biometrics outside of normal parameters. These can easily be assessed by medical staff with escalation to physicians only during emergencies. An RPM program done right should only take one glance at the screen to easily differentiate the patients that need attention now and the ones that are stable.
MYTH: Implementation is Too Difficult and Time-Consuming
REALITY: Implementing any new program can be daunting. The benefits of RPM are too great to ignore, however, which is why you should partner with a trusted provider who can assist in your implementation process. PMD helps our customers every step of the way – from exciting staff trainings, patient selection criteria and consent form, to care plan development, device distribution, and everyday customer support.
Click HERE for more information on RPM Reimbursement.
For more on what PMD Healthcare can do to help you implement RPM, contact us today!