Remote Health Management Level Setting: ROI and Time
Remote health management (RHM) platforms don't replace great patient care but do require investment and some time.
April 20, 2022
Remote health management (RHM) platforms provide significant leverage to your clinical operations, generating additional revenue, and avoiding unnecessary expenses. RHM platforms empower triage teams but, remember, it's just technology. They shouldn't replace great patient care and do require investment and time.
The ROI on RHM
One way to justify investment to a remote patient monitoring program is to focus on the patient benefits since this is the reason you are deploying this type of program in the first place. Soft benefits include patient good will, improved satisfaction, and reputation management. But the true ROI is in the financial results delivered by patient care: avoidance of unreimbursed expenses or retained bonuses in the case of an accountable care organization (ACO).
RHM and Time
How long do RHM programs take to deploy? There are examples of successful RHM deployments taking just 30 days. A more realistic deployment schedule is 90 to 120 days. Even that timeframe requires a lot of focus and commitment. You can reduce time by planning, setting goals, and using an engineered and sophisticated RHM platform.
RHM programs helps physicians like Dr. Steven D. Evans, CMO see greater than 50% reduction in hospitalizations and more than 60% reduction in emergency room visits. This type of ROI with RHM is achievable and brings improved patient satisfaction. Watch the video below to hear more about Dr. Evan's success from using an effective RHM platform and their organization's realized ROI.
The most successful remote health management (RHM) programs depends on choosing the right system and planning for success. For an in-depth guide on setting up an effective RHM program, access Harmonize Health’s complimentary Remote Health Management Guide.