Lexology March 20, 2018
As the Internet of Things (IoT), rising healthcare costs and value-based payment reform converge, it’s clearer now, more than ever, that healthcare organizations need innovative approaches to provide higher-quality yet more cost-effective care.
To stay ahead of the innovation curve and respond to the “consumerization of care” that patients are expecting, many organizations are turning to virtual care models, such as telehealth and remote patient monitoring (RPM), to change where and how healthcare is delivered, provide further access to care, improve outcomes and reduce costs using patient-generated health data (PGHD).
Telehealth and RPM reimbursements accounted for just 0.003% of the Centers for Medicare & Medicaid Services’ (CMS’s) $990 billion budget in 2016. However, after announcing the Physician Fee Schedule for...
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