Pricing and ROI of RPM
The specific price and ROI to be expected from remote patient monitoring can take many forms. This course explains how to determine them.
The specific price and ROI to be expected from remote patient monitoring can take many forms. This course explains how to determine them.
How much does RPM cost? What kind of ROI can be expected? These are basic, necessary questions. Yet determining the exact answers requires further inquiry — specifically, exploring such factors as specific program goals, the patient population to be served, a facility’s existing technological footprint, and so on. In this course, our experts explain how to define expectations when it comes to determining remote patient monitoring price and ROI.
The specific cost of any given remote patient management (RPM) program varies according to a number of factors, including its scope and chosen technology, as our experts explain in this lesson. As part of healthcare’s industry-wide shift to value-based care, RPM program costs are measured not just in price, but also in savings (such as that achieved via the more efficient use of resources like acute-care facilities).
In this lesson, you will learn:
The specific ROI to be expected from any given RPM program depends on factors like scale, facility type, and how effectively a program provider can shift high-cost, reactive care to lower-cost, proactive care. To accomplish the latter, explain our experts, it’s important that the provider works with the facility to understand its unique goals, making sure the right data is being collected and measured in the right way.
In this lesson, you will learn:
Every year, RPM reimbursement expands to include new conditions and new geographical areas. Mississippi, for example, has become a pioneer in RPM reimbursement thanks to the success of the Mississippi Diabetes Telehealth Network. In this lesson, our experts discuss some of the recent progress made in RPM reimbursement and why that trend is likely to continue given remote care’s role in value-based care.
In this lesson, you will learn:
Though expected to become more standardized in the years to come, RPM pricing models today take on many forms, based largely on the need (and convenience) of customizing each program to meet an organization’s specific operational goals. As our experts explain, this customization typically involves factors like program scope, operating budget, and the need to either rent or purchase hardware or software, among others.
In this lesson, you will learn: