Carefree increases MIPS ratings and builds new revenue lines with no added expense
How Carefree Increases Practice Profitability
When you provide Coached Self-Care to your patients, your practice benefits with increased revenues and improved reputation. Your revenue increases because you are billing CPT codes for new services such as CCM and RPM, but also Carefree systems and personnel help your practice attain higher MIPS ratings. Your reputation improves because your patients are healthier and have more frequent interactions with your care team.
No Staff or Costs
Coached Self-Care is administered by Carefree staff working at your direction. You benefit because you don’t have the expenses of additional staff and training.
Carefree’s interactions with your patients improves your Merit-based Incentive Payment System (MIPS) ratings, which increase your reimbursements for treatments under Medicare.
CCM & RPM Revenues
When your practice deploys Coached Self-Care with your patients, you are eligible to bill additional CPT codes. This added revenue is even more important during the recent loss of practice revenues due to the pandemic.
Improving Practice Reputation
Improved Patient Satisfaction
Because your patients are making progress towards their health goals and remaining independent, they will recommend your practice to family and friends. This positive ‘word-of -mouth’ brings in additional patients and reduces the numbers of patients lost to other practices.
Better Transitional Care
Carefree’s coaches work closely with your patient and other institutions during periods of health instability, ensuring that transitions are handled appropriately and with care.
Complex patients often have multiple health professionals including primary care and specialty practitioners. In addition, family members may also be part of the care team. Coordinating and making sure that all parties are notified in a timely and complete manner ensures better care, improving practice reputation.