Chronic care management is a program that was devised by Centers for Medicare (CMS) to improve communication and care coordination.
Medicare is paying primary care providers to implement this program, however, less than 11% have done so, despite the fact that a practice can earn an additional $125,000 in revenue from direct billing Medicare.
The fact that so few primary care providers have implemented this system despite the obvious financial benefit and patient centered benefits has to do with just how incredibly busy and swamped these practices are.
The program has been designed to be fairly straightforward to implement but without a structure or a system to plan out the implementation process, attempts never get off the ground floor.
This is an opportunity where nurse again come to the rescue! Nurses are able to provide the system and structure to organize the office, implement and run the chronic care management program and profit share in the process.
This is exactly what we will discuss on the webinar.
It depends. If you do all the care management yourself in the beginning, you can start this up on a shoestring budget. However, if you hire staff to do the management, you will need to anticipate the lag time between billing Medicare and getting paid by Medicare. You will need to front the salaries of your staff to get started or work yourself for “free” until your billing comes in.
The good news is, that unlike other insurances, Medicare will pay you predictably and on time. If you bill they will pay you 6 weeks later.
Meredith is a Registered Nurse (RN) and the founder and CEO of Compassionate Chronic Care LLC. She had an accident 8 years ago that took her away from her job as an administrative clinical leader in the Surgical Intensive Care Unit at Rochester General Hospital, leaving her with a debilitating disease. She beat the odds through hardwork and determination and 6 years later started working with chronic pain patients. This course cuts months of research and practice to 10 weeks. This chronic care course was developed by nurses for nurses. She looks forward to teaching you about this growing field of nursing that is full of opportunity.