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  • CareSpan Health (CSPN) has launched its new remote patient monitoring service
  • Over 100 patients have enrolled to date
  • To date, the company has identified over 2,000 patients for whom RPM would be a key component of their care plan
  • The reimbursement for RPM is in the range of US$100 to US$115 per patient per month
  • CareSpan is a healthcare technology company
  • CareSpan Health Inc. (CSPN) is down 6.41 per cent on the day, trading at C$0.365 per share

CareSpan Health (CSPN) has added remote patient monitoring to its integrated digital care platform.

CareSpan has initiated the patient outreach process and over 100 patients have enrolled since launching the service late last month.

CareSpan’s remote patient monitoring (RPM) is fully integrated into its “Clinic-in-the-Cloud” platform and connects to over 300 FDA-approved devices. RPM allows CareSpan’s clinicians to improve patient outcomes while generating additional revenue for their respective practices.

To date, the company has identified over 2,000 patients within its current patient base for whom RPM would be a key component of their care plan to manage chronic illness. CareSpan expects to have the majority of these patients enrolled in the RPM service by the end of this year.

The reimbursement for RPM is in the range of US$100 to US$115 per patient per month.

Rembert de Villa, CareSpan Health Inc. CEO sat down with Shoran Devi to discuss the news.

“Millions of people suffer from or have early signs of chronic illness. We believe that the adoption of RPM, as an integral part of a patient’s care plan, can truly make a difference: to the patient, the care provider, and the entire heathcare system. RPM is the first of a series of planned value-add services and is a key component of our growth strategy. As we continue to add NPs to our network and expand the patient pool, RPM is expected to become a key driver for revenue growth and margin expansion. Furthermore, we believe having RPM as part of the “Clinic-in-the-Cloud” platform further strengthens our value proposition to NPs as it offers them a seamless way of improving the quality of patient care and generate incremental revenue for their practice.”

CareSpan is a healthcare technology company that has developed an integrated digital care platform, the CareSpan Clinic-in-the Cloud™, that creates access to care for the underserved. 

CareSpan Health Inc. (CSPN) is down 6.41 per cent on the day, trading at C$0.365 per share.

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