How to Build a 6 Figure Income With Your Telehealth Practice Part Time

Achieving this is entirely feasible on a part time basis, and the calculations are straightforward.

STRATEGY #1 - STANDARD TELE-VISITS (MODERATE COMPLEXITY)

Consider the typical reimbursements for moderate complexity telehealth visits (refer to the CMS Physician Fee Schedule for national averages and input relevant CPT codes).

Medicare reimbursements range from $120 to $140 per visit, while private payers are known to reimburse over $200 per visit, as indicated by AR Reports.

Let's assume you conduct 20 visits per month (5 per week), evenly split between 10 Medicare and 10 Private Payer cases. Assuming an average of $130 per Medicare visit and a fixed $200 for Private Payer visits, the total comes to $3,300. For Physician Assistants (PAs), the Medicare reimbursement rate is 85% ($1,300 x 0.85), resulting in a Medicare reimbursement of $1,105, bringing the total to $3,105 instead of $3,300.

Additionally, accounting for malpractice insurance and EMR costs, assuming it's $300 per month, the total revenue becomes $3,000.

$3,000 divided by 20 visits equals:

$150.00 PER VISIT AVERAGE

The average visit takes 3-7 minutes, averaging 5 minutes each. With 20 visits at 5 minutes each totaling 100 minutes (or 1.66 hours), rounding up to 3 hours to accommodate time between patients, wrapping up notes, using the restroom, and getting a drink of water. Therefore, $3,000 divided by 3 hours equals $1,000 PER HOUR.

STRATEGY #2 - REMOTE PATIENT MONITORING (RPM)

Moving on to Remote Patient Monitoring (RPM), Medicare reimburses approximately $63 per patient per month for the patient's lifetime, rounded down to $60 for simplicity.

Imagine you are gradually building your practice in your spare time, taking a full year to enroll 100 chronic care patients in the RPM program at no cost to the patient or provider. With 100 patients at $60 per month per patient, the total monthly income amounts to $6,000, translating to an annual income of $72,000.

This income persists for the life of the patient. For instance, enrolling a patient at 65 who lives until 75 results in 10 years of nearly six-figure residual income per year, requiring minimal effort beyond referring them to our platform for setup and monitoring.

It's important to note that monitoring primarily involves responding to platform alerts in the event of significant changes in metrics, potentially necessitating emergency intervention. Daily communication or interaction with the patient is minimal once the setup is complete.

STRATEGY #3 - COMBINED APPROACH

By integrating both Models 1 and 2, you can easily achieve a high six-figure income, gradually building your practice with our support on a part-time basis over a year.

To explore more about starting with us today, click here to apply.

Achieving these outcomes is certainly within reach, but it's crucial to acknowledge that individual results may vary, influenced by factors like receptiveness to coaching, work ethic, and a readiness to acquire new skills. People possessing qualities such as coachability, a strong work ethic, and a willingness to learn are somewhat rare. However, it's equally important to recognize that those who successfully navigate the extensive educational and career-building journey you've undertaken are also rare. Never doubt your potential.