In 1992, Medicare made the decision that a typical doctor’s visit length should be 15-minutes. In an attempt to reduce the variability in physician fees, Medicare adopted the “relative value unit” (RVU) formula as a way to calculate these fees and promote consistency.
For this week’s blog post, we decided to spotlight two patient stories where CCM made an actionable difference in an individual’s health and overall wellbeing.
In case you missed it, last week mHealth Intelligence wrote a terrific article discussing our recent Patient Satisfaction Survey related to Medicare’s Chronic Care Management (CCM) Program. The author, Eric Wicklund, describes the positive patient response to our Wellbox CCM service while also discussing the immense potential that the program holds in terms of additional practice revenue and clinical outcomes.
With the push to cut costs and maximize the value of each treatment, the healthcare industry has long been seeking to answer the question: Where are we spending so much money? At last estimate healthcare spending is set to raise 6% from 2015 to 2025, with many pointing to the expanded coverage under the Affordable Care Act as a possible answer.
For physicians offering Chronic Care Management (CCM) and other Medicare-funded programs, this week saw the announcement of several changes that could influence how patient-centered care is provided and reimbursed in the future.
The third week of June was an important time for individuals closely following Medicare and its various programs. Two potentially landmark changes were announced that could significantly impact those who provide and receive care under the CMS’ banner.