Open Your Virtual Front Door
One practice that has become essential to generating sustainable revenue in the COVID-19 era are virtual care services. As the global pandemic continues to disrupt our nation’s health care delivery system, the opportunity to open virtual doors to patients has become available to providers everywhere. Providers have been tasked with reengineering their delivery methods and are beginning to reach beyond their physical structures to see patients virtually through telehealth visits.
Telehealth visits have increased 30% and even higher in certain areas. By deploying new care delivery and Chronic Care Management (CCM) strategies, providers are not as vulnerable to the decrease in patient visits and decline in revenue. Annual Wellness Visits (AWVs), once only be conducted in person, have been successfully transitioned to telehealth with nurse-led exams which has helped to insure against financial instability. These virtual visits have also provided the opportunities for providers to enroll patients into CCM programs. With the ability to conduct AWVs and CCM with telehealth, providers are able to sustain their level of care delivery, optimize revenue opportunities, while also focusing on their high-risk patients.
Virtual care is likely to remain intact for the foreseeable future and this new form of care delivery combined with value-based care models that have proven to be successful will help providers increase outpatient revenues and ensure patients stay in network which effectively improves the continuity of their care experience and enriches your bottom line.
- Grow wellness revenues by $250 - $500 annually per Medicare patient
- Generate new revenue through billing for nurse-administered preventive care
- Earn additional financial incentives for improving quality and lowering costs
- Establish a virtual care practice
- Optimize reimbursement schedules