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?
- 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.
- 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%