Chronic Care Management - You Can Have the Best of Both Worlds
In January 2015, Medicare authorized new CPT Code 99490 for Chronic Care Management and reimburses providers up to $42.60 ($41.80 for Alabama providers) per patient per month for doctors whose staff spends at least 20 minutes monitoring or coordinating care for Medicare patients with two or more chronic diseases.
Monitored patients are shown to live longer, have fewer hospitalizations and achieve a higher quality of life. With proper chronic care management, providers can improve patient outcomes and satisfaction with proactive remote monitoring. Providing better outcomes for patients is enough but it gets even better. With CCM, providers are also able to earn additional revenue through Medicare and several other payers such as Aetna, Humana, United and Coventry. With increasing penalties and decreasing reimbursements, this revenue might be the difference between success and failure for some practices. As MARCA rolls out, CCM also helps meet part of the measure for clinical practice improvement. Providing better care for patients while earning additional revenue - well, that is the best of both worlds.
We have partnered with ChronicCareIQ and are excited to offer the ChronicCareIQ platform as an additional service line. This solution fits into your current workflow, uses existing staff and eliminates manual CCM management and time tracking.
Call us today for more information or to schedule a demonstration.