Preventative Care Management is rapidly evolving. The team at ChronicCareIQ is here to help you stay on top of all of the latest developments. Check back with us regularly for new insights.
How Chronic Care Management Unleashes New Revenue for Your Practice
The old way of operating and funding a medical practice is gone, thanks to a number of factors including the COVID-19 pandemic, the move to value-based care, the greying of America and ongoing cuts to reimbursement. Chronic Care Management, Remote Patient Monitoring, Transitional Care Management and Principal Care Management offer new sources of revenue while helping you deliver better care to your most medically fragile patients – even when they can’t come to the office.
CMS.gov Official FAQs on 2019 CCM reimbursements – In January 2015, Medicare authorized new CPT Code 99490, the Chronic Care Management code. An average of $42.60 is paid monthly to doctors whose staff spend 20 minutes or more monitoring or coordinating care for Medicare patients with two or more chronic diseases. Frequently asked questions answered by CMS.
Chronic Diseases: The Leading Causes of Death and Disability in the United States – 1 in 4 Americans have multiple chronic conditions, those that last a year or more and require ongoing medical attention or those that limit the activities of daily living. That number rises to 3 in 4 Americans aged 65 and older. Learn more about chronic disease and multiple chronic conditions from the CDC.
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Now is the time to explore a better care management solution that gives you confidence to grow your practice while giving patients confidence in managing their complex conditions.