Title : Unlock the power of chronic care management: Financial & clinical wins for your practice
Abstract:
Providers spend a significant amount of time in between visits managing their most complicated, chronically ill patients without reimbursement. All that changed in 2015, when Medicare began paying for CCM service (CMS, 2019). However, many providers still choose not to participate in CCM due to multiple layers of complicated requirements. According to the Center for Medicare and Medicaid Services (CMS), it is estimated that only 9% of Medicare fee-for-service beneficiaries received the Chronic Care Management, Transitional Care Management, and Advance Care Planning services. CMS acknowledged that those codes are being underutilized and encourages providers to get more involved with them (2019). This presentation will demystify the complexity of the process. We will discuss each required element for CCM billing and will showcase how CCM applies to the quadruple aim by increasing patients and provider satisfaction, reducing cost of care and increasing quality of care.
Audience Take Away:
- Review CMS’s Chronic Care Management (CCM) requirements.
- Review CMS’s Principal Care Management (PCM) requirements.
- Examine Scope of Services required to bill Medicare for CCM services.
- Assess financial and quality implications of incorporating CCM in your practice