In 2021, the US allocated 17.8% of its GDP to healthcare expenditures, with a significant portion directed towards the aging population. The Center for Medicare and Medicaid Services (CMS) is exploring methods to reduce expenses, such as reimbursing for services aimed at lowering hospitalizations among the elderly. Transitional care management (TCM), a recent Medicare billing code, focuses on medical services to geriatric patients following hospital discharge. However, due to its resource-intensive nature, less than 25% of eligible providers bill for TCM services, leading to an estimated $1 billion loss in Medicare billing revenue for medical practices.
Elite Care Technologies aims to deliver a comprehensive range of care coordination services, specializing in Transitional Care Management (TCM) task management. Our innovative platform is designed to seamlessly connect all TCM stakeholders, streamlining services and documentation to minimize the administrative workload associated with care coordination.