Chronic Care Management: The best way to Increase Your Practice’s Revenue

Understanding Chronic care management and its emergence into the current health scene!

Chronic Care Management (CCM) is an umbrella term for the medical and educational activities undertaken by healthcare providers or professionals to help patients with chronic diseases and health conditions expected to last at least a year, or until their death, to live successfully with it.
Some of the common diseases included are diabetes, multiple sclerosis, high blood pressure, cancer, lupus erythematosus, and more.

It is a gradual and continuous work of motivating patients to engage in the persistent therapies and solutions developed using the latest Chronic Disease Management Software.

Centers for Medicare and Medicaid Services (CMS) recognizes CCM as a critical component to promote sound quality of life. A study conducted by Mathematica Policy Research Group has also found that medical practices have successfully reduced the monthly expenditures by almost $75 per patient over the last 18 months by providing the CCM services while generating revenues of $18 every time a patient received medicare services for a specific chronic condition within a month. Furthermore, the CCM program savings were found to be at $95 per patient per month when they received services twice or more in that particular month.

Since the reduction in chronic diseases is still far-sighted, health providers are now tapping into the vast potential displayed by CCM. The system holds ample promise for healthcare providers wanting to serve better while increasing their practice revenue. It has opened the financial doors for many doctors without the need to extend their resources.

How CCM Works?

Chronic Care Management (CCM) is for any patient who is suffering from chronic diseases and thus requires continuous and comprehensive attention throughout life.

However, CCM is unlike conventional care. Here, the patient isn’t left to get all his diseases or conditions diagnosed by visiting different specialists to get them treated or managed. CCM overcomes these shortcomings by pooling all the necessary resources on a unified platform. In other words, the patient’s health is taken care of by several specialists who can be contacted anytime from a single platform, including devising a comprehensive healthcare plan for the patient, continuous monitoring of his health, and taking all necessary steps & measures whenever necessary. Chronic Care Management not only works efficiently for the patient but is also a blessing for the healthcare professionals.

With the integration of the latest technological advancements like software engineering, AI-powered tools, etc. CCM has opened doors for healthcare practices to gain efficiency in delivering services to patients while also increasing their revenue.

How Can CCM Help in Increasing Medical Practice’s Revenue?

Extensive integration of resources and using scientific techniques have revolutionized CCM to achieve maximum possible efficiency. It has helped the practices in the following ways-

To obtain the best results, it is necessary to partner with a robust CCM solution provider with advanced software. HealthArc and its robust platform and easy-to-use application are both trusted and loved by all healthcare providers for managing their CCM resources. HealthArc’s software has proved to bring higher customer retention rates, helping drive higher revenue. On average, a provider can achieve an additional $139,104 in revenue per year through the Chronic Care Management program, thus emphasizing the need for a proven solution like HealthArc.

It is safe to say that Chronic Care Management is a viable and planned approach to treating any chronic condition. The best part is that it doesn’t take away more money from patients to convert it into doctors’ increased revenue. Instead, it helps to reduce the overall labor involved in the treatment of any chronic disease, eliminates unnecessary expenses, and facilitates the usage of all advanced scientific techniques & increasing revenues of the practices.