According to a recent report by the Alliance for Connected Care, telehealth visits are 83% effective and save more than 50% over traditional in office visits. Smaller issues such as sinusitis, UTI and sore throats can be diagnosed and treated in a more cost effective means through telehealth.
“The market for acute care telehealth services is growing rapidly, but is still relatively nascent,” writes author Dale Yamamoto in the study. The study, which collected data from commercial telehealth vendors and compared that information to costs incurred by Medicare and private insurers, found that the use of a telehealth service, which usually costs between $40 and $50 per visit, can produce a cost savings of anywhere between $136 and $176 dollars typically spent on an in-person visit. Patient issues, which are usually lower-level complaints, can be resolved in one session in 83% of telehealth visits. The vast majority of patients only use one telehealth visit per year, and are most often diagnosed with sinusitis, a cold, or the flu.
The data indicates that a telehealth visit would have to cost at least $83 to make it inefficient to treat a Medicare patient who would otherwise do nothing about their symptoms, which falls well above the average expense through a dedicated service. “To result in additional costs to the Medicare program, more than a third of patients (32.8 percent) would have to decide to use seek a telehealth visit instead of doing nothing to treat their condition,” Yamamoto says.
If your growing healthcare organization is interested in learning more about increasing your revenue by implementing telehealth technology please contact one of our experts at EHR & Practice Management Consultants, Inc. today to learn more at 1(800) 376-0212 or firstname.lastname@example.org