Affordable and Effective: Why Private Practices are Turning to PhyxUp Health’s RTM

The healthcare industry is evolving rapidly, and private practices, especially smaller clinics, are facing growing pressures to balance high-quality patient care with financial sustainability. Rising operational costs, complex reimbursement processes, and administrative burdens are challenges for smaller practices trying to compete with larger healthcare systems.

Fortunately, Remote Therapeutic Monitoring (RTM) is emerging as a solution. PhyxUp Health’s RTM platform offers an affordable and effective way for clinics to improve patient outcomes, increase revenue, and reduce administrative costs.

The Growing Challenges of Private Practices

Private practices are known for offering personalized care but often operate with fewer resources than larger healthcare organizations. These limitations create several challenges, including:

• High Operational Costs: Managing expenses like staff salaries, medical equipment, and software subscriptions can quickly become overwhelming for smaller clinics. With fewer resources to draw from, these costs can take a significant toll on a clinic’s bottom line.
• Limited Time for Patient Care: Administrative tasks like documentation, billing, and scheduling take up a significant portion of a clinician’s time. As a result, face-to-face patient interactions, which are vital for providing quality care, are often reduced.
• Patient Compliance Issues: Ensuring patients stay committed to their prescribed HEPs is a persistent challenge for many clinics. Without patient adherence, the effectiveness of treatment is compromised, which can negatively impact both outcomes and patient satisfaction.
• Complex Reimbursement Processes: Billing for RTM services through Medicare and insurance can be confusing and time-consuming. Clinics often struggle to navigate these processes without the right tools, which can delay or even result in denied claims.
• Staff Burnout: Increased workloads due to administrative duties lead to clinician fatigue. This not only affects job satisfaction but can also impact the quality of care provided to patients.
• Difficulty in Patient Retention: Engaging and retaining patients throughout their treatment journey is key to the long-term success of a practice. Without a good engagement strategy, patients may drop out before completing their treatment.

PhyxUp Health’s RTM platform directly addresses these challenges by streamlining clinic operations, improving patient engagement, and increasing financial sustainability.

What is Remote Therapeutic Monitoring (RTM)?

Remote Therapeutic Monitoring (RTM) is a digital health solution that allows healthcare providers to remotely track a patient’s adherence to prescribed exercises, monitor symptoms, and maintain communication between visits. By facilitating continuous care and collecting valuable data, RTM helps clinicians adjust treatment plans in real time, ensuring that patients stay on track throughout their recovery process.

Benefits of RTM:

• Improved Patient Outcomes: RTM helps ensure that patients stay engaged with their treatment plans, which results in better adherence and improved recovery outcomes.
• Increased Clinic Revenue: RTM services are reimbursable, which means they offer an additional revenue stream for clinics, helping them generate income beyond traditional face-to-face visits. The following CPT codes are applicable for RTM services and can help clinics capture reimbursements:
  • CPT Code 98975: Remote Therapeutic Monitoring (RTM) initial setup and patient education on use of devices, including training and documentation.
• CPT Code 98977: Remote Therapeutic Monitoring (RTM) for patient-specific data related to chronic conditions, including the management of health metrics over time.
• CPT Code 98980: Remote Therapeutic Monitoring (RTM) therapy services, including 20 minutes of data monitoring, interpretation, and communication with the patient or caregiver.
• CPT Code 98981: Additional RTM therapy services for another 20 minutes of monitoring, interpretation, and communication with the patient or caregiver, as part of a more intensive or complex treatment plan.
• Better Data-Driven Care: Real-time data collected through RTM allows providers to tailor treatment plans more effectively, leading to more personalized care that results in better outcomes for patients.

How PhyxUp Health’s RTM Platform Transforms Private Practices

PhyxUp Health offers an all-in-one RTM solution that focuses on affordability, efficiency, and ease of use. Here's how the platform can make a difference for your practice:

1. Cost-Effective Solutions for Small Clinics
   • Flexible Subscription Plans: PhyxUp Health offers various plans that scale based on patient volume and the potential for reimbursement, ensuring that clinics only pay for what they need.
   • Lower Administrative Costs: With automated billing and streamlined processes, PhyxUp Health reduces the administrative burden on staff, saving both time and money.
   • High Return on Investment (ROI): Clinics can earn additional revenue through reimbursable RTM services, offering a high ROI with minimal upfront investment.
2. Simplified Reimbursement Process
   • Pre-Coded CPT Templates: PhyxUp Health provides pre-coded CPT templates for easy and fast claim submission, reducing the time spent on billing and maximizing reimbursement opportunities.
   • Real-Time Billing Tracking: The platform offers real-time tracking of all billable RTM activities, ensuring that clinics capture every eligible reimbursement.
   • Compliance Assurance: PhyxUp Health’s technology is HIPAA-compliant, ensuring that clinics meet regulatory standards and minimizing the chances of claim denials.
3. Enhanced Patient Engagement and Compliance
   • Real-Time Monitoring: Therapists can remotely monitor patient progress and intervene when necessary, ensuring that patients stay on track with their HEPs.
   • Automated Reminders: Patients receive automated reminders for exercises and symptom check-ins, keeping them engaged in their treatment.
   • User-Friendly Interface: PhyxUp Health’s patient app is designed to be easy to use, promoting higher levels of patient engagement and reducing dropout rates.
   • Personalized Treatment Adjustments: The platform allows providers to adjust HEPs based on real-time data, improving the effectiveness of treatment plans and ensuring that patients are progressing at the right pace.
4. Automated Administrative Workflows
   • Automated Data Collection and Reporting: Patient progress reports are generated automatically, saving time and reducing the need for manual data entry.
   • Integrated Scheduling and Follow-Ups: The platform integrates scheduling and follow-up reminders, making it easier to manage patient appointments and reduce no-shows.
   • Direct Therapist-Patient Communication: Secure messaging enables quick communication between clinicians and patients, eliminating the need for time-consuming phone calls and emails.
5. Easy Implementation and Scalability
   • User-Friendly Interface: PhyxUp Health’s platform is intuitive and easy to use, requiring minimal training for both staff and patients.
   • Customizable Workflows: Clinics can adapt the platform to suit their specific workflows, ensuring that it fits seamlessly into existing practices.
   • Scalability: Whether you treat a few or many patients, PhyxUp Health can scale with your practice, offering a solution that grows with you.
   • 24/7 Support and Training: PhyxUp Health provides ongoing support and training to ensure that your clinic continues to run smoothly as you adopt and grow with the platform.

Real-World Results

Private practices using PhyxUp Health’s RTM platform report several key improvements:

• 30% Reduction in Administrative Time: With less time spent on paperwork and billing, staff can focus more on direct patient care.
• Higher Patient Compliance Rates: Real-time tracking and automated reminders improve patient adherence to HEPs, leading to better treatment results.
• 20% Increase in Revenue: RTM reimbursement creates an additional revenue stream for clinics, helping to boost overall income.
• Lower Staff Burnout: Reduced administrative workloads contribute to higher staff satisfaction and a more balanced work environment.
• Stronger Patient Retention: Improved engagement and consistent care lead to higher long-term retention rates.

Addressing Common Concerns About RTM Adoption

• Is RTM Too Expensive for My Clinic? PhyxUp Health offers affordable pricing plans that ensure a solid return on investment through RTM reimbursement.
• Will My Staff Struggle to Learn a New System? The platform is user-friendly and requires minimal training. PhyxUp Health provides comprehensive onboarding to ensure a smooth transition.
• What About Patient Adoption? The app is designed for ease of use, making it accessible for patients of all ages, and support is available if needed.

How RTM Supports Value-Based Care

Value-based care focuses on improving patient health outcomes while controlling costs. PhyxUp Health’s RTM is aligned with this model by:

• Reducing Hospital Readmissions: By improving adherence to HEPs, RTM helps prevent complications and unnecessary visits.
• Enhancing Preventative Care: Early detection of potential issues allows for timely interventions, reducing the risk of more serious conditions developing.
• Providing Actionable Insights: Data-driven decision-making helps providers optimize treatment plans and improve patient care.
• Increasing Patient Satisfaction: More engagement and convenience contribute to higher patient loyalty and satisfaction.

Preparing for the Future of Healthcare Technology

As healthcare technology continues to evolve, adopting RTM positions your clinic for long-term success. The shift toward data-driven, patient-centered care is growing rapidly, and early adopters of RTM will be well-positioned to thrive in this new landscape.

Conclusion

To stay competitive in the healthcare space, private practices need solutions that not only enhance patient care but also improve financial performance. PhyxUp Health’s RTM platform offers an affordable, effective way to achieve both.

Ready to improve patient outcomes and grow your practice? Learn more about how PhyxUp Health can help at www.phyxuphealth.com.