Blog Posts by Author: Tina Voss
What the End of the Public Health Emergency Means for Remote Patient Monitoring Companies
The COVID-19 Declaration of a Public Health Emergency (“the PHE”) ended on May 11, 2023. As a result, some of the virtual care flexibilities allowed by the U.S. Department of Health and Human Services (HHS) and the Centers for Medicare and Medicaid Services (CMS) during the PHE also expire. Remote Patient Monitoring companies are one of the many groups that must consider how the end of the PHE...
New Scorecards Help Laboratories and Diagnostic Providers Track Performance on Key Metrics and Compare Results Against Peers
Laboratories and diagnostic providers are always interested in new and easier ways to leverage objective, market-based assessments of key performance indicators (KPIs), particularly in the context of their peers. To provide this insight, XiFin recently launched a series of new scorecards that leverage XiFin best-in-class performance metrics and segment-specific industry benchmarks. Through a...
Tips for Medical Device and Remote Patient Monitoring Companies for Getting Your Foot in the Door with Payors
When you develop a new medical device or remote patient monitoring service, inevitably in your launch planning you come to the question of which of the following must happen first: Physicians must prescribe your new product or service and show market demand to get payors to cover it. OR You must get payors to cover it (through a payor contract) so that physicians will prescribe it and...
Things to Consider When Moving to an Insurance-Based Reimbursement Model for Remote Patient Monitoring and Medical Devices
Negotiating payment agreements with commercial and government payors can increase both your market share and your revenue substantially. But it can be challenging for smaller or newer medical device or remote patient monitoring companies and IDTFs to get the attention of large payors. One way to help this is to have a well-articulated, compelling value proposition, such as filling a known gap in...
Paperless Billing and e-Invoicing Increase Patient and Provider Satisfaction
Patient financial responsibility for healthcare services continues to rise. As patients are increasingly responsible for higher deductibles, larger or more numerous co-pays, and fewer covered services, providing more invoicing and payment options is critical. Research by eStatements indicates that more than half of patients (52%) prefer to receive paperless healthcare bills.1 Paperless billing...
Making Telehealth Coverage a Permanent Benefit for U.S. Consumers
One of the most significant legislative changes caused by the COVID-19 pandemic was the temporary measure taken by legislators to cover telehealth visits. It was an overwhelming success in the eyes of patients and providers. Telehealth services rapidly expanded to cover primary care, behavioral health, mental health care, and remote patient monitoring. Now that those rule changes, initiated by...
Trend Alert: Retail Pharmacies Becoming Primary Healthcare Destinations
When people think of retail pharmacists, what usually comes to mind is a person standing behind a counter dispensing prescriptions, sometimes discussing side-effects, or answering the occasional question from a customer. Pharmacists, however, can do much more than that, and the COVID-19 pandemic created the perfect opportunity for pharmacists to take on a more proactive role in front-line patient...
The Value of Highly Flexible Client/Physician e-Invoicing Capabilities
There are several scenarios in which ordering entities, such as physician practices, want other healthcare providers, like laboratories or medical device companies, to bill them for services performed or devices delivered rather than billing payors or patients. For example, if a diagnostic provider offers only non-covered services, such as a new genetic test or novel medical device, the ordering...