{"id":3395,"date":"2021-12-10T17:54:12","date_gmt":"2021-12-10T17:54:12","guid":{"rendered":"https:\/\/www.ltccs.com\/?p=3395"},"modified":"2022-03-31T17:47:53","modified_gmt":"2022-03-31T17:47:53","slug":"telemedicine-acts-as-new-platform-to-reduce-nursing-home-costs-without-cutting-care","status":"publish","type":"post","link":"https:\/\/ltcally.com\/articles\/telemedicine-acts-as-new-platform-to-reduce-nursing-home-costs-without-cutting-care\/","title":{"rendered":"Telemedicine: LTC Operators Could Be Missing Out"},"content":{"rendered":"<h2><span class=\"ez-toc-section\" id=\"Launching_new_technology_takes_dependable_partners\"><\/span><strong>Launching new technology takes dependable partners<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">By 2030, the number of <\/span><a href=\"https:\/\/www.mcknights.com\/news\/2-5-million-more-ltc-workers-needed-by-2030-researchers-warn\/\"><span style=\"font-weight: 400;\">Americans requiring long-term care<\/span><\/a><span style=\"font-weight: 400;\"> (LTC) is expected to reach approximately 19 million people. This projection places the burden on LTC facilities to constantly evaluate innovative ways to optimize the delivery of quality care for a growing patient population. F<\/span><span style=\"font-weight: 400;\">actor in pandemic challenges and stricter <\/span><a href=\"https:\/\/www.cms.gov\/Medicare\/Quality-Initiatives-Patient-Assessment-Instruments\/Value-Based-Programs\/HRRP\/Hospital-Readmission-Reduction-Program\"><span style=\"font-weight: 400;\">readmission penalties<\/span><\/a><span style=\"font-weight: 400;\">, and the need for cost-effective, patient-centered solutions has never been greater.\u00a0\u00a0<\/span><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ltcally.com\/articles\/telemedicine-acts-as-new-platform-to-reduce-nursing-home-costs-without-cutting-care\/#Launching_new_technology_takes_dependable_partners\" >Launching new technology takes dependable partners<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ltcally.com\/articles\/telemedicine-acts-as-new-platform-to-reduce-nursing-home-costs-without-cutting-care\/#Pandemic_Responsible_for_Telemedicine_Innovation_and_Utilization\" >Pandemic Responsible for Telemedicine Innovation and Utilization<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ltcally.com\/articles\/telemedicine-acts-as-new-platform-to-reduce-nursing-home-costs-without-cutting-care\/#2_BIG_Ways_Telemedicine_Benefits_Long-Term_Care\" >2 BIG Ways Telemedicine Benefits Long-Term Care<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ltcally.com\/articles\/telemedicine-acts-as-new-platform-to-reduce-nursing-home-costs-without-cutting-care\/#Dependable_Partners_Create_Meaningful_Strength_in_LTC\" >Dependable Partners Create Meaningful Strength in LTC<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<h3><span class=\"ez-toc-section\" id=\"Pandemic_Responsible_for_Telemedicine_Innovation_and_Utilization\"><\/span><strong>Pandemic Responsible for Telemedicine Innovation and Utilization<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In response to the spread of COVID-19, federal authorities made sweeping changes to improve telemedicine access, primarily to<\/span><span style=\"font-weight: 400;\"> reduce exposure and infection.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Exempting nursing homes from having to apply for a waiver to use telemedicine services made widespread adoption possible. Before this waiver, it was difficult for LTC managers to justify telemedicine expenses Medicare wasn\u2019t set up to support.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/www.mcknightshomecare.com\/hhs-use-of-medicare-telehealth-soars-during-pandemic-behavioral-health-utilization-among-highest-of-specialties\/\"><span style=\"font-weight: 400;\">McKnights<\/span><\/a><span style=\"font-weight: 400;\">, &#8220;The use of Medicare visits conducted through telehealth skyrocketed 63-fold during the pandemic, to 52.7 million in 2020 from 840,000 in 2019.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, the barriers to reimbursement have been lifted. Possibly for good.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In that time, the industry discovered the many benefits of telemedicine beyond keeping susceptible aging populations safe. <\/span><span style=\"font-weight: 400;\">It evolved into the go-to solution for delivering advanced oversight from medical care providers, <\/span><span style=\"font-weight: 400;\">resulting in improved performance metrics and reduced readmissions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For LTC operators, missing out on <\/span><span style=\"font-weight: 400;\">telemedicine innovation means missing out on the following benefits:<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_BIG_Ways_Telemedicine_Benefits_Long-Term_Care\"><\/span><strong>2 BIG Ways Telemedicine Benefits Long-Term Care<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>1. Reduced Readmissions<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Immediate access to clinician oversight can prevent a patient episode from escalating.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Remote patient monitoring technology offers real-time data to off-site care teams.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Preventing traumatic emergency trips to the hospital can result in improved quality-of-care performance metrics.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<\/ul>\n<p><strong>2. Improved Patient Experience<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Easy access to care empowers patients to have more control of their health.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Families can be tied into calls in real-time, wherever they are\u2014no delays in authorizing care plans that may be changing.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improved patient experiences ladder up to improved <\/span><a href=\"https:\/\/www.cms.gov\/Medicare\/Provider-Enrollment-and-Certification\/CertificationandComplianc\/FSQRS\"><span style=\"font-weight: 400;\">Quality Measure<\/span><\/a><span style=\"font-weight: 400;\">s (QM) scores that are based on the clinical and physical health needs of residents.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Reimbursements in patient-driven payment models (PDPM) provide another option for LTC facilities to utilize telemedicine services profitably. Since PDPMs are guided by the complexity of a patient\u2019s care needs, a cohort of patients requiring complex care results in <\/span><a href=\"https:\/\/skillednursingnews.com\/2020\/06\/for-nursing-homes-telehealth-is-here-to-stay-albeit-with-changes-after-pandemic-ends\/\"><span style=\"font-weight: 400;\">higher reimbursements<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Telemedicine enables facilities to admit a greater number of these types of patients. Non-invasive assessments and patient monitoring can be done remotely, offering additional cost savings on top of greater reimbursement opportunities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although telemedicine provides many benefits, it is only useful if the user knows how to leverage its capabilities. Staff training and support must be built into the process of launching new technology.\u00a0<\/span><\/p>\n<h3><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"Dependable_Partners_Create_Meaningful_Strength_in_LTC\"><\/span><strong>Dependable Partners Create Meaningful Strength in LTC<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The pandemic continues to cause endless challenges throughout the LTC industry, but the biggest issue that remains is revenue. Without healthy revenue streams, launching a telemedicine solution may seem daunting.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.ltccs.com\/\"><span style=\"font-weight: 400;\">LTC Consulting Services<\/span><\/a><span style=\"font-weight: 400;\"> provides a continuum of backend office solutions to LTC facility leaders and operators. Over the past decade, LTCCS has recouped <\/span><a href=\"https:\/\/www.ltccs.com\/solutions\/our-divisions\/collections\/#.YagGgfHML6M\"><span style=\"font-weight: 400;\">millions in receivables<\/span><\/a><span style=\"font-weight: 400;\"> considered lost to aged accounts and boasts a 99% collection rate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With LTCCS fighting for you, previously uncaptured revenue can be funneled back into upgrading your facility with state-of-the-art technologies that facilitate cost-saving remote care. Initiate a chain reaction of revenue-maximizing steps that feed back into your facility\u2019s bottom line.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using tried-and-true software solutions, our departments mesh seamlessly with any facility\u2019s financial systems, meaning we integrate rapidly to start working on maximizing collections and react to billing issues without the need to upend what\u2019s already working for you.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Partnering with us means precise accounts, punctual filing, and unmatched proximity to auditors, banking partners, and payers. They know and trust our teams.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While optimizing only AR and collections could make a world of difference to your LTC facility, LTCCS has CPA-led teams at the ready to take full responsibility for every aspect of the <\/span><a href=\"https:\/\/www.ltccs.com\/solutions\/our-divisions\/finance\/#.YagGnPHML6M\"><span style=\"font-weight: 400;\">financial lifecycle of any LTC facility<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additional Resources:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/ltcally.com\/articles\/5-ltc-trends-your-facility-should-know-about-to-stay-competitive\/#.Yaf1TfHMJqs\"><span style=\"font-weight: 400;\">5 LTC Trends Your Facility Should Know About to Stay Competitive<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/ltcally.com\/articles\/the-top-3-causes-for-aging-ar-in-snfs\/#.Yaf1cfHMJqs\"><span style=\"font-weight: 400;\">The Top 3 Causes for Aging AR in SNFs<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/ltcally.com\/articles\/inside-tips-3-trends-the-ltc-collections-team-looks-for-when-cleaning-ar\/#.Yaf12fHMJqs\"><span style=\"font-weight: 400;\">Inside Tips \u2013 3 Trends the LTC Collections Team Looks For When Cleaning AR<\/span><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Telemedicine solutions give LTC facilities new opportunities to maximize revenue by reducing staffing hours, preventing hospital readmissions, and improving quality care.<\/p>\n","protected":false},"author":1,"featured_media":3474,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[22],"tags":[5,27,7],"class_list":["post-3395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-accounts-receivable","tag-back-office-solutions","tag-collections"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Telemedicine: LTC Operators Could Be Missing Out | LTC Consulting Blog<\/title>\n<meta name=\"description\" content=\"Telemedicine solutions give LTC facilities new opportunities to maximize revenue by reducing staffing hours, preventing hospital readmissions, and improving quality care.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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