Elevating personalized care using Remote Therapeutic Monitoring (RTM) solution
Medicare reimbursement available for our continuous health monitoring solution
Enhanced Staff Efficiency
Help therapists monitor patients remotely to promote patient care while optimizing staff efficiency and better manage today’s staffing challenges. Owlytics solution helps to prioritize care delivery and enable patient triage based on patient’s personal trends.
Promote Patient Care
Drives targeted medical interventions to improve patient outcomes by leveraging continuous monitoring of activity and health performance trends. Promote data driven treatment decision making and insight on patients’ status, in between PT visits by offering proactive care tools to reduce hospital readmissions.
Boosts net patient revenue
Provide a superior service while accessing Medicare Remote Therapeutic Monitoring (RTM) codes that can help you drive revenue growth.
Maintain A Competitive Edge
Expands referral opportunities and improves retention by offering a premium, innovative, and personalized continuous care solution to differentiate your organization, resulting in greater patient satisfaction.
Zero Infrastructure Cost
The Owlytics solution requires no investment in infrastructure and can be implemented immediately using Wi-Fi and Cellular Networks.
The Owlytics solution combines the most stylish, brand recognized cellular smart watches with our Artificial Intelligence driven analytics to create a personalized health monitoring solution.
- Fall risk assessment: The Owlytics solution provides caregivers with continuous data and indications which support fall-risk assessment, conducted by the clinical team, with no interruption to the patient’s daily routine
- Personal, continuous analysis of activity and self-reporting signals via cloud-based AI technology:
- Mobility assessment including gait, steps, and activity metrics
- Sleep assessment including length of sleep and number of wakeups
- Cognitive analysis by use of patient self reporting
- The most stylish, brand recognized smart watches which incorporate senior-friendly displays
- Integration with EMR systems to automatically provide information regarding medications and more
- RTM Billing reporting tools
4 Simple Steps:
Service prescribed to the resident after initial consult assessment.
Review patient records, analyze data, and documentation;
min 16 out of 30 days.
Communicate about collected data with resident at least once a month totaling 20 minutes.
Submit billing information to Medicare and collect copayment.
What is Remote Therapeutic Monitoring?
Remote Therapeutic Monitoring (RTM), not to be confused with Remote Physiological Monitoring (RPM), is the collection of therapeutic, non-physiologic data, collected via a medical device or software, as defined by the FDA. Such data can include signs, symptoms and functions of a therapeutic response related to respiratory system status, musculoskeletal system status, therapy adherence, and therapy response.
How Do Remote Therapeutic Monitoring and Remote Patient Monitoring Differ?
RTM and RPM differ in three main areas: 1. The type of data collected – therapeutic, non-physiologic data vs. physiological data, 2. The manner with which the data is collected – RTM data can be self-reported while RPM data is digitally recorded and transmitted, 3. The ability to bill for such services – non-physician providers such as PTs, OTs and PTAs, are eligible to bill Medicare directly for RTM services.
Why is Remote Therapeutic Monitoring Important?
The ability to monitor patients through the proposed RTM codes can lower the costs related to preventable hospitalization, emergency department and urgent care visits. With RTM, physicians can monitor patient medication adherence and thus improve outcomes. They can also learn how the patient’s routine influences their overall health and adherence to treatment, and adjust care plans accordingly.
CMS Remote Therapeutic Monitoring (RTM) Codes
|CPT Code||CPT Codes Description||Avg. National Reimbursement Rate||General Conditions|
|98975||Initial set-up and patient education on use of equipment||$19.38 One time||Billed 1x per episode of care, minimum 16 days of monitoring|
|98977||Device(s) supply (musculoskeletal system) with daily recording(s) or programmed alert(s) transmission||$55.72 /30 days||Billed each 30 days, minimum 16 days of monitoring|
|98980||Remote physiologic monitoring treatment management services, first 20 minutes||$50.18/month||Performed by physician/PT/other qualified healthcare professional; billed per calendar month|
|98981||Remote physiologic monitoring treatment management services, additional 20 minutes||$40.84month||Performed by physician/PT/other qualified healthcare professional; billed per calendar month|
When are the RTM codes available to be billed directly by Physical Therapists?
The RTM codes were added to the CMS Fee Schedule for Reimbursement on January 1, 2022 and can be billed immediately and directly by PT using their own NPI number.
Does Medicaid or private commercial payers follow Medicare and reimburse for RTM?
We are unaware of any private payers or Medicaid programs that are reimbursing yet for RTM. However, similar to when RPM codes were introduced, it is common practice that these payers will follow the guidance of Medicare and begin reimbursing soon for RTM.
What does direct supervision mean and does that provider need to be a physician?
Direct supervision means the billing provider needs to be located in the same physical space as the Physical Therapist (PT), Occupational Therapist (OT), or Physical Therapist Assistant (PTA) who is treating the patient. However, during the PHE, direct supervision may be administered virtually, assuming they are immediately available while the PT/OT/PTA is providing the RTM services. Non-Physician Providers such as PT’s/OT’s/PTA’s who are eligible to bill Medicare directly for their services and whose scope of practice includes RTM services are eligible to bill for RTM and serve as the supervising practitioner.
What type of devices can be used to bill RTM codes?
A device must be FDA registered/cleared, per their definition of a “medical device”. RTM data can be automatically transmitted through software as a medical device (SaMD) or reported by the patient.
How many days per month are required to collect patient data?
16 days of data needs to be collected per every 30 day billing cycle.
Can RTM and RPM codes be billed simultaneously?
As for now, RTM and RPM cannot be billed for the same patient during the same calendar month.
Are the RTM codes subject to patient co-pays?
Yes, the RTM codes have a patient responsibility component. However, during the current Public Health Emergency (PHE), providers have discretion as to whether or not they charge patients for the copay.