In recent years, many healthcare providers have felt increasing pressure to sell to a private equity firm. As interest rates have risen and valuations have cooled, however, private equity firms are struggling to find buyers for physician groups. This shift has left many doctors who sold their practices feeling frustrated and financially squeezed.
Chronic Care Management (CCM) and Remote Patient Monitoring (RPM) offer a solution, providing Medicare-approved programs that offer a consistent source of monthly revenue while improving patient outcomes.
HealthXL helps you implement and operate value-based care initiatives like CCM and RPM so you can avoid the potential pitfalls of private equity ownership and maintain practice independence. When you partner with us, you’re also creating a more resilient business model that serves both your financial interests and your patients’ needs.
To help you navigate the process of launching and managing CCM and RPM programs in your practice, we’ve compiled answers to some of the most frequently asked questions we hear from providers.
Do CCM and RPM programs help me meet Medicare standards for value-based care?
Yes! A Journal of Telemedicine and Telecare Study showed that RPM patients reduced their ED visits by 40% (“Impact of Remote Patient Monitoring on Emergency Department Visits,” Journal of Telemedicine and Telecare, July 2023. (9)
Research also shows a significant decrease in hospital admissions and ED visits for patients in chronic care management programs.
HealthXL’s CCM and RPM programs also support better patient access by reducing the number of in-office visits by patients with chronic illnesses.
Can HealthXL help me provide better care for my patients?
Yes! Our CCM and RPM models increase overall patient access while ensuring that chronically ill patients receive monthly check-ins and consistent care. We treat every patient with the utmost care and respect. Each patient receives a dedicated care coordinator who checks in monthly, fostering trust, ensuring continuity of care, and delivering a best-in-class patient experience.
Working with HealthXL also helps you maintain your independence, so you remain in control of decision-making for your practice and your patients. Many physicians who sell to private equity firms end up regretting the decision due to loss of personal and professional control, increased administrative burden, and unexpected financial impact.
I’m feeling pressured to sell my practice. How can HealthXL help?
HealthXL’s CCM and RPM programs offer an alternative to selling your practice by providing new, highly profitable revenue streams. These programs deliver immediate financial benefit with long-term sustainability, helping you maintain your independence without the need to sell.
Benefits include:
- No upfront investment or costs
- Programs configured to the specific needs of your practice
- Favorable payment terms to minimize cash flow burden
- Regular business reviews to assess program effectiveness and profitability
Our approach allows you to retain control of your practice and minimizes the need for changes to your existing processes, technologies, and workflows.
CCM and RPM provide new, highly profitable revenue streams with no upfront investment or costs. Successfully-run remote care programs deliver immediate financial benefit with long-term sustainability.
HealthXL provides CCM and RPM programs configured to the specific needs of your practice, minimizing the need for changes to your existing processes, technologies, and workflows. We offer favorable payment terms to minimize cash flow burden on your practice and business reviews to assess program effectiveness and profitability.
How much does it cost?
We offer the most transparent pricing model in the industry! There is no upfront cost for our services or devices, and we allow you to keep more of your reimbursement dollars. If your claim gets denied for a shortfall on our part, we reimburse you in full!
We maximize patient enrollment in these programs by implementing a plan tailored to your practice, leveraging our extensive experience. This ensures the maximum number of patients enrolled and increases your monthly revenue.
We also have over 99% patient compliance for our CCM program and 94% for our RPM program every month, ensuring you receive maximum reimbursement.
How to Get Started with CCM and RPM
Adding new CCM and RPM programs to your practice can seem overwhelming, but HealthXL makes it easy for you. Our team takes care of everything from enrollment and service compliance to quality assurance and reporting, allowing you and your staff to focus on what matters most – patient care.
With HealthXL, you can improve patient health and increase your practice’s income at the same time. It’s a simple way to make your practice stronger in today’s changing healthcare world.
Ready to learn more? Contact us to talk with someone about how these programs can make a difference for your practice and your patients.