Telemedicine technology has seen rapid growth in recent years—projected to become a 66 billion dollar market by 2020, according to Mordor Intelligence’s market research report, “Global Telemedicine Market – Growth, Trends & Forecasts (2016-2021)”.
In recent news, U.S. Agency for Healthcare Research and Quality (AHRQ) aggregated data from 58 telemedicine reviews and found that“[the data] suggests telehealth improves outcomes such as mortality, quality of life and reductions in hospital admissions when used for remote patient monitoring for certain chronic conditions as well as for psychotherapy as part of behavioral health.”
Telemedicine has huge potential to revolutionize healthcare delivery, and it’s important to understand the benefits and capitalize on it.
Telemedicine is technology applicable not only to large hospitals, but is especially useful for small and rural providers. Telemedicine, with the right electronic health record (EHR) software support, can boost the productiveness and financial growth of any specialty. While it may seem a bit daunting to delve into something so new, telemedicine has substantial benefits that every provider should look into.
What Telemedicine Can Do for Your Practice
Telemedicine is viable because it’s not a specific type of technology—it’s an approach to technology and healthcare that promotes accessibility and efficiency. Here’s how telemedicine can benefit a practice:
- Telemedicine saves time: being able to remotely manage patients is an immense time-saver. Telemedicine reduces the number of in-house visits while increasing options in outpatient care. The growing elderly population signifies an increase in incidents of chronic diseases—telemedicine allows the elderly to be treated from the comfort of home, without having to come in.
- Telemedicine is efficient and potentially cost-saving: In-house encounters take up much more time than telemedicine appointments, which means physicians may see a greater amount of patients during the day. Clinics, especially those in rural areas, are able to treat a greater population because physicians can treat patients remotely.
- Telemedicine can improve health outcomes: The American Telemedicine Association (ATA) lists some key services telemedicine provides: primary care and specialist referral services, remote patient monitoring, electronic consumer and medical education—all of which can improve the outcome of patient encounters. Education and accessibility in health are crucial aspects that determine patient outcomes.
PrognoCIS and Telemedicine
PrognoCIS is actively working to facilitate telemedicine capabilities for its clients. Upstate Concierge Medicine, a client of PrognoCIS, provides telemedicine capabilities to over 90 companies around New York; PrognoCIS customized the PrognoCIS mobile app to support telemedicine capabilities for Upstate Concierge.
“The value proposition for [telemedicine] is the ability to expand their geographic reach, take on more lives, treat patients simply and affordably through telemedicine, but when things are more complex, you can filter them back into your hospital system,” Algozzine said. “There’s also the cost savings to treating people where they are rather than at a hospital.”
PrognoCIS’ work with Upstate is but a single example of our adaptation to healthcare innovation. Telemedicine is an exciting and new method in delivering not only care, but medical education. Telemedicine has the potential to revolutionize the healthcare industry, especially in small and rural practices.