Unlock New Revenue Streams with Remote Therapeutic Monitoring (RTM): Understanding the Basics 

Aug 1, 2024 | Remote Therapeutic Monitoring, RTM

For chiropractors, finding new revenue streams is a common challenge.  

Traditional methods often limit income to in-clinic visits, but what happens when you spend time monitoring a patient’s progress outside the clinic? Many practitioners don’t realize that this time can be reimbursed. 

Chiropractors often face hurdles in billing for non-clinic time, such as tracking patient performance or providing advice remotely. The lack of awareness about billing codes that allow reimbursement for these activities means missed revenue opportunities.  

This is where Remote Therapeutic Monitoring (RTM) comes into play. 

The Financial Challenge in Chiropractic Practices 

New revenue streams are critical for the growth and sustainability of chiropractic practices. Traditional billing models often leave chiropractors unable to monetize the time spent on activities like patient monitoring, advice, and care plan adjustments outside the clinic. This gap not only impacts revenue but also the overall effectiveness of patient care. 

What is Remote Therapeutic Monitoring (RTM)? 

Remote Therapeutic Monitoring (RTM) is a groundbreaking solution designed to address this very challenge. RTM enables healthcare providers to monitor their patients’ health and treatment progress remotely, ensuring that the care continues beyond the clinic’s walls. This continuous monitoring is vital for maintaining patient progress and enhancing treatment outcomes. 

Why RTM is Important 

RTM is not just a technological advancement; it’s a pivotal shift towards more efficient and effective patient care. By enabling chiropractors to monitor patient behaviors, provide timely interventions, and adjust treatment plans based on real-time data, RTM ensures better patient outcomes and higher satisfaction rates. 

Understanding RTM Billing Codes 

For chiropractors to be compensated for RTM services, it’s essential to understand the specific billing codes available: 

  • CPT 98975: This code is used for the initial setup and patient education on the RTM software devices. 
  • CPT 98977: Covers the cost of supplying the RTM devices and ensuring patient compliance. 
  • CPT 98980: This code is billed for the first 20 minutes of professional time spent on RTM data management and patient communication per month. 
  • CPT 98981: Used for each additional 20 minutes of RTM data management and communication within a month. 

These codes allow chiropractors to be fairly compensated for the time and resources dedicated to remotely monitoring their patients, transforming what was once non-revenue-generating work into a viable income stream. 

As the chiropractic industry evolves, staying ahead of the curve with innovative solutions like RTM is crucial. Understanding the basics of RTM and how it can be integrated into your practice is the first step toward unlocking new revenue streams and enhancing patient care. 

If you’re interested in exploring how RTM can revolutionize your practice, we invite you to book a discovery session. We’ll provide a sneak peek into how this technology can integrate seamlessly into your existing systems and boost your revenue.

Stay tuned for our next post where we will delve deeper into implementing RTM in your practice and introduce you to the ultimate RTM solution that integrates seamlessly with your existing systems.

Unlocking New Revenue Streams with Remote Therapeutic Monitoring (RTM): A Guide for Chiropractors 

Jul 11, 2024 | RTM

First, let’s understand what’s RTM.  

Remote Therapeutic Monitoring (RTM) is a technology-driven approach that enables healthcare providers to keep track of their patients’ health and treatment progress remotely.  

It’s essentially a way for doctors to provide better care by closely monitoring how patients are doing, even when they’re not physically in the clinic. 

RTM is a game-changer for chiropractors for several reasons: 

  • New Revenue Streams: Chiropractors can now be reimbursed for the non-clinic time they spend driving improved patient outcomes. The allopathic industry has been doing this for years. It’s time for every chiropractor to step up and be part of the digital health revolution!  

  • Enhanced Patient Monitoring: With our patented “Smart RTM” technology, for the first time, we can see patient behaviors throughout their entire clinical journey. Want to know if patients are doing their exercises? We can show you. Want to know if patients are feeling better, worse, or the same after their exercises? We can show you. Want to know your patients’ exertion levels during their exercises? We can show you. 

With EMBODI, we make it easy to provide RTM and submit for these services with built-in documentation. Based on our reimbursement data, you only need to have 8 patients engage on the platform, and it pays for itself. 

How Does RTM Work? 

There are specific CPT codes that healthcare providers can bill for RTM services: 

  • CPT 98975: Setup and education of RTM software devices. 
  • CPT 98977: Device supply and ensuring patient compliance for at least 16 days in a 30-day period. 
  • CPT 98980: Initial 20 minutes of professional time spent on RTM data management and patient communication per month. 
  • CPT 98981: Additional 20 minutes of RTM data management and communication. 

These codes allow chiropractors to be compensated for the time and resources they use in remotely monitoring their patients, making healthcare more accessible and efficient for everyone involved. 

Why RTM Matters for Your Practice 

  • Closer Patient Monitoring: RTM facilitates real-time health tracking, allowing for timely adjustments to treatment plans based on patient-reported outcomes. 
  • Streamlined Operations: RTM introduces efficiencies by automating data collection and analysis, reducing manual tasks, and enhancing overall practice management. 
  • Personalized Patient Engagement: Engage patients through personalized care plans, fostering adherence and improving health outcomes. 
  • New Revenue Streams: Leveraging RTM allows chiropractors to be reimbursed for digital value delivered to patients, enhancing profitability. 

RTM is not just a technological advancement; it’s a pivotal shift towards more personalized and efficient chiropractic care.

With EMBODI our patented “Smart RTM” technology, embrace a digital health solution that aligns with patient expectations for a digital healthcare experience, enriches patient-provider interactions, and ensures the financial resilience of your practice.

Schedule a demo with us, and we’ll walk you through how EMBODI can seamlessly integrate into your practice, enhance patient engagement, and unlock new revenue streams.