Telemedicine

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The benefits of Telemedicine

  • More convenient, accessible care for patients
  • Saves on Healthcare costs
  • Extends access to consults from specialists
  • Increased patient engagement
  • Better quality patient care

How viable is Telemedine?

The Future

  • More than half of all U.S. hospitals currently have a telemedicine program.
  • The global telemedicine technologies market, including hardware, software, and services, was valued at $17.8 billion in 2014 and is predicted to grow at a compound annual growth rate of 18.4% from 2014 to 2020.
  • About 90% of surveyed healthcare executives report that their organizations have already begun developing or implementing a telemedicine program.
  • About 84% of surveyed healthcare executives felt that the development of telemedicine services is either very important (52%) or important (32%) to their organizations.
  • About 22% of employers with 1,000 or more employees currently offer telemedicine services, and another 37% of employers plan to offer telemedicine services to their employees by the end of this year.
  • Telemedicine makes up nearly one-fourth of the health IT market, which was valued at $15.6 billion in 2014 and is expected to increase to nearly $20 billion by 2019 with a compound annual growth rate of 4.8%.
  • The number of patients using telemedicine services will increase to 7 million in 2018, up from less than 350,000 in 2013.

Results

  • After telemedicine services were employed by the Veterans Health Administration post-cardiac arrest care program, hospital readmissions decreased by 51% for heart failure and 44% for other illnesses.
  • According to a study on the Geisinger Health Plan, patient readmissions were 44% lower over 30 days and 38% lower over 90 days, compared to patients not enrolled in the telemedicine program.
  • A study of the outcomes of care for 8,000 patients who used telemedicine services found no difference between the virtual appointment and an in-person office visit.
  • About 21% of patients who have used telemedicine services say the quality of care was similar to or higher than an in-person visit.
74% of patients in the U.S. would use telehealth services
  • 74% 74%
74% of patients are comfortable with communicating with their doctors using technology instead of seeing them in person
  • 74% 74%
76% of patients care more about access to healthcare than need for human interactions with their healthcare providers.
  • 76% 76%
67% of patients said that using telemedicine somewhat or significantly increases their satisfaction with medical care
  • 67% 67%
30% of patients already use computers or mobile devices to check their medical or diagnostic information
  • 30% 30%
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84% of surveyed healthcare executives felt that the development of telemedicine services is either very important (52%) or important (32%) to their organizations

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Stay Informed about Telemedicine

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