Reimbursement Codes & Revenues
CMS REIMBURSEMENT
With Remote Patient Monitoring (RPM), providers can leverage physiological data to improve chronic disease management. Covered by Medicare Part B, it's imperative for providers to familiarize themselves with the CPT billing codes applicable to RPM to optimize care delivery and prevent claim denials.
RPM is a covered service for Medicare Part B patients with a nominal co-pay. This monthly program offers patients personalized care plans, ongoing engagement from the care team, and informed management of their conditions.Under Medicare's Physician Fee Schedule, RPM is reimbursable at various rates. Here are some essential details regarding RPM * CPT Codes: 99457, 99453, 99454, and others. These remote monitoring CPT codes correspond to specific activities, such as device setup or care provision, each with its own reimbursement rates and restrictions. For instance, providers typically receive $48.14 for 20 minutes of service per patient per month (99457).
Additional opportunities for higher billing thresholds exist, such as an additional $46.50 per month when patients utilize their RPM device daily (99454).Regarding best practices:-
* CPT code 99453 (device setup) can only be claimed once per device, per patient, per month.-
* CPT code 99454 (device use) can be claimed once per patient per month, regardless of the number of devices used. It should be billed in 30-day increments if the patient takes at least 16 daily device readings within that month.
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It's crucial to align claims submissions for these codes since code 99454 can be billed every 30 days, while codes 99457 and 99458 (program time) are billed on a monthly basis. We recommend submitting all RPM-related claims together by calendar month.
About RPM and its billing requirements: RPM is a telehealth program for Medicare Part B beneficiaries. Patients use digital devices to self-collect physiological data, which is then transmitted to their provider for review and management of chronic conditions.
RPM has proven effective, particularly for managing conditions like hypertension, and payors are increasingly investing in similar programs to promote value-based care models.
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Patients covered by Medicare Part B receive 80% coverage for RPM, with many secondary insurances covering the remaining cost.
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RPM services are billed monthly, from the first to the last day of each month.
Starting in 2024, meeting FDA criteria for designated medical devices is a requirement from CMS for RPM devices. This encompasses various tools such as weight scales, blood pressure monitors, pulse oximeters, glucometers, heart rate monitors, thermometers, and spirometers. We're excited to share that our FDA-approved devices are now accessible.
Let's illustrate with a scenario to grasp how, based on CMS codes, your annual net profit can grow. Healthcare professionals enhance earnings by providing telehealth or extra in-person visits for patients with uncontrolled conditions. Utilizing Remote Patient Monitoring (RPM), physicians can remotely oversee these patients' health, intervening swiftly as required. This proactive strategy not only enhances patient outcomes but also permits physicians to bill for added services provided, be it through telehealth consultations or additional in-person visits.
CMS 2024 RATE
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99453
Initial setup of the remote monitoring device and educating the patient on its use, including connecting it to other devices if necessary. $20
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99454
Monthly remote monitoring with daily electronic recordings of the patient's physiological data. Providers must receive RPM recordings for at least 16 days within the 30-day billing period. $47
99457
Remote patient monitoring treatment and management, including at least 20 minutes of interaction between clinical staff and the patient, billed per calendar month. $48
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99458
Each additional 20 minutes of patient monitoring treatment and management services, billed per calendar month. $39
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99091
Billing for the time spent by clinical providers on collecting, interpreting, and processing physiological data from patients. Patients must receive RPM services for at least 30 minutes every 30 days, without requiring interactive communication. $53
$47.00 (99454 monthly
reimbursement rate/patient)
250 MCR RPM initial patient enrolled
= $11,750 Monthly
$48.00 (99457 monthly
reimbursement rate/patient)
250 MCR Patients Care Management
= $12.000 Monthly
RPM Annual Reimbursement revenue
$ 285.000
Est. Annual Care Management Support Serv.
- 45.000
Est. RPM devices purchase $120/ea
250 Patients
- 30,000
Annual Pratice Net. Profit $210.000
*** Reimbursement varies by state.
NOTE: Initial set-up & patient education one time fee not incl. code 99453 : Est revenue $18.84 / patient
At Aquanova Medsat, recognizing the variety in reimbursement, we offer a flat rate fee. We also work with private practices to help them grow their patient population. To learn more please send us an email at: INFO@AQNMEDAT.COM