Proposed CMS Rules Present ALRT with Significant New Market Opportunities for Remote Monitoring of Patients with Chronic Con...
15 Luglio 2014 - 8:21PM
InvestorsHub NewsWire
Richmond, VA, July 15, 2014 – ALR Technologies (OTCQB:
ALRT) a medical device company providing remote monitoring and
care facilitation for patients with chronic conditions, welcomes
proposed Centers for Medicare and Medicaid Services (CMS) rules for
remote monitoring of patients with chronic conditions.
Beginning next year, primary care physicians and others could begin
billing separately for chronic care management (CCM) services if
the Physician Fee Schedule (PFS) proposed by the Centers for CMS is
adopted. These changes in the Medicare fee-for-service
program have the potential to create generous new incentives for
telemedicine companies that specialize in remote monitoring of
patients with chronic conditions.
CMS announced the proposed rule containing updates to the PFS July
3. The full proposed rulemaking changes can be found here:
http://www.ofr.gov/OFRUpload/OFRData/2014-15948_PI.pdf.
“For the first time, CMS is proposing reimbursement criteria in the
Medicare fee-for-service program for non-face-to-face CCM
services,” said Bill Smith, President of ALR Technologies.
These services are defined as a unique, covered service
designed to pay separately for non-face-to-face care coordination
services furnished to Medicare beneficiaries with two or more
chronic conditions. CMS proposes a payment rate of $41.92 per month
per qualified patients effective January 1, 2015.
The Medicare-eligible diabetes population is expected to rise
to 14.6 million by 2034.
According to data from the American Diabetes Association
the estimated total health cost related to diabetes is about $245
billion. As of 2011, one out of every three Medicare
dollars is spent on diabetes.
“These changes represent a significant opportunity for improving
health outcomes for millions of Americans with diabetes,” said
Sidney Chan, CEO of ALRT. “The complications that result from
inadequately managing diabetes can be measured in the enormous pain
and suffering of patients and unnecessary costs for the healthcare
system. Numerous clinical trials have shown that these
complications can be mitigated through intensive blood glucose
management. The rule changes proposed by CMS will encourage
the type of patient management which will improve outcomes and help
contain costs.”
# # #
About ALR Technologies Inc.
ALR Technologies is a medical device company providing remote
monitoring and care facilitation for patients with chronic
conditions. ALRT has developed the FDA-cleared and HIPAA compliant
Health-e-Connect System that collects data from blood glucose
meters and uploads to a secure website. Trained Facilitators use
the System to effect efficiency of care among patients, clinicians
and caregivers to improve outcomes and assist health plans to
optimize their quality goals. Currently, the Company is focused on
diabetes and will expand its services to cover other chronic
conditions anchored on verifiable data. More information about ALR
Technologies, Inc. can be found at www.alrt.com.
ALR Technologies is active in providing articles, videos and
information on diabetes via social media. ALR Technologies
can be found on Facebook at: https://www.facebook.com/ALRTechnologies and on
Twitter at: https://twitter.com/ALRTechnologies.
Contact: Philip
Murphy:
203.947.2827
email: phil.murphy@alrt.com
This release contains certain "forward-looking statements" relating
to ALR Technologies' business, and these statements reflect the
current views of ALR Technologies with respect to future events and
are subject to certain risks, uncertainties and assumptions. When
used, the words "estimate", "expect", "anticipate", "believe" and
similar expressions are intended to identify such forward-looking
statements. There are many factors that could cause the actual
results, performance or achievements of ALR Technologies and its
products to be materially different from any future results,
performances or achievements that may be expressed or implied by
such forward-looking statements. Further management discussions of
risks and uncertainties can be found in the company's quarterly
filings with the Securities Exchange.
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