April 4, 2023
Remote therapeutic monitoring is a useful tool for physical therapists to keep track of their patients’ progress and overall musculoskeletal health remotely.
However, providing this service independently requires adherence to strict billing codes and regulations set forth by insurance companies and government agencies. Physical therapists need to have the right equipment and technology to monitor their patients effectively and ensure that they are recording and documenting everything appropriately.
While it is possible to do it on their own, working with a third-party company like Movement RX can simplify the process and provide additional benefits.
Movement RX has the infrastructure, knowledge, and technology to automate the monitoring process, generate billing codes automatically, and take care of administrative tasks. This leaves physical therapists to focus on their patients and provides them with a 50% profit margin without the need to invest in additional staff, infrastructure, or technology.
In addition to financial benefits, working with a third-party company can also provide physical therapists with additional resources and support. For example, Movement RX offers support for developing home exercise programs, ongoing monitoring and reporting, and the ability to communicate directly with patients. This allows physical therapists to provide a more comprehensive and effective treatment plan to their patients, which can improve patient outcomes and satisfaction.
Therefore, physical therapists should carefully consider their options before deciding whether to provide remote therapeutic monitoring independently or work with a third-party company. While doing it independently requires more effort and knowledge, it allows for more control and autonomy. On the other hand, working with a third-party company like Movement RX simplifies the process and provides additional benefits that can improve patient outcomes and satisfaction while increasing profitability.