Will 2016 be The Year of Telemedicine?

Telehealth Services

Telemedicine is changing the way we experience healthcare. It allows patients to consult medical professionals via technology for a range of illnesses or follow-up care from the comfort of their home. While telemedicine has existed for more than a decade now, recent advancements in technology have seen it re-emerge as a tremendous force.

Studies continue to show growing interest in telemedicine from patients and providers. Patients are enamored with the convenience of telemedicine services and the increased access to healthcare professionals. While, healthcare providers are enjoying the benefits of telemedicine services including better care outcomes, less hospital readmissions, happier patients, and more profitable practices. As a result, telemedicine is on the rise.

In fact, there is a lot of data to support the claim that telemedicine is on the rise. In a recent post by eVisit, authors gathered recent research and data on telemedicine and published it in a list of “36 Telemedicine Statistics You Should Know.” Here are just a few:

  • More than half of all US hospitals have a telemedicine program. (American Telemedicine Association)
  • About 90% of healthcare executives surveyed report that their organizations have begun developing or already implemented a telemedicine program (Foley Telemedicine Survey)
  • The number of telemedicine patients will increase from 350,000 in 2013 to 7 million in 2018 (Cisco Customer Experience Report)
  • In 2015, 29 states already required health insurers to pay for telemedicine services and another 26 bills were pending in Congress (How Telemedicine Became Mainstream)
  • About 22% of employers with 1,000 or more employees offer telemedicine services and another 37% planned to by the end of 2015 (Foley Telemedicine Survey)
  • Telemedicine makes up nearly one-fourth of the health IT market that was valued at $15.6 billion in 2014 and is expected to increase to approximately $20 billion by 2019 (IHS Press Release)

As the industry continues to move from fee-for-service to value-for service, there is more incentive for providers to keep their patients healthy. Telemedicine can play a critical role in meeting those objectives. 

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