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Telehealth Expected to Reach $106 Billion in Spending by 2023

The COVID-19 pandemic has driven a large shift toward telehealth and remote patient monitoring, particularly among patients with chronic conditions. A recent Doximity report shows that this trend is likely to continue beyond the public health emergency, with healthcare spending increasingly moving to virtual care. Patients have reacted positively to telehealth experiences, and about a quarter of patients surveyed say they intend to maintain telehealth services as part of their care going forward.

In 2020, virtual care is expected to account for more than 20% of all medical visits in the U.S., which in turn is projected to drive $29 billion in total healthcare services. Those numbers were revealed this week in Doximity’s 2020 State of Telemedicine Report, which also found that up to $106 billion of current U.S. healthcare spend could be virtualized by 2023. This highlights the high rates of adoption among both patients and physicians, and the impetus felt among providers to offer safe, secure and easy-to-use virtual services as demand for telehealth continues to grow.

“Telehealth is expected to drive $29 billion in healthcare services in 2020,” Healthcare Finance News

Read more at healthcarefinancenews.com and learn more about reimbursements for telehealth and RPM.

Telehealth Expected to Reach $106 Billion in Spending by 2023
2021 Physician Fee Schedule Details for RPM Billing

RPM Impact from Final 2021 Medicare Physician Fee Schedule

Along with clarifying portions of the proposed rule, the 2021 MPFS renders some of the changes during the public health emergency (PHE) permanent and allows others to expire at the end of the PHE. Below, we break down important components of the final rule related to remote patient monitoring (RPM).

2021 Physician Fee Schedule Details for RPM Billing

RPM Impact from Final 2021 Medicare Physician Fee Schedule

Along with clarifying portions of the proposed rule, the 2021 MPFS renders some of the changes during the public health emergency (PHE) permanent and allows others to expire at the end of the PHE. Below, we break down important components of the final rule related to remote patient monitoring (RPM).