In recent years, the Centers for Medicare & Medicaid Services (CMS) has actively sought to expand payment protocols for remote monitoring services. This move is designed to accommodate non-face-to-face provisions that concentrate on streamlining care coordination for Medicare beneficiaries. As of November 2, 2023, CMS released the 2024 calendar year final rule for services compensated under the Medicare Physician Fee Schedule.
While enhancing efficiencies is a primary goal for this update, another salient objective is to facilitate the integration of digital therapies into the healthcare continuum. This shift is especially relevant in light of the increasingly digital nature of healthcare, with “ehealth” and telemedicine now finding wider acceptance among consumers and being adopted by established healthcare systems.
Updated coverage and payment policies will likely have significant implications for major corporations and law firms that deal with healthcare, especially those interfacing directly with Medicare & Medicaid service provision. It’s essential for relevant players in this sector to keep abreast of these changes and adjust strategies appropriately.
For more intricate details regarding the CMS updates on remote monitoring and digital therapies, check the detailed review by McDermott Will & Emery here.