Telemedicine Can Save More than $6 Billion, Research Finds | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Telemedicine Can Save More than $6 Billion, Research Finds

August 12, 2014
by Gabriel Perna
| Reprints

Telemedicine could save more than $6 billion a year in healthcare costs, according to an analysis by Arlington-based analytics firm, Towers Watson.

The firm surveyed U.S. employers with at least 1,000 employees and found that many expect to offer telemedicine in 2015. Overall, Towers Watson expects a 68 percent overall increase in telemedicine offerings next year with 37 percent of respondents saying they will likely offer their employees telemedicine consultations as a an alternative to emergency room or physician office visits for nonemergency health issues. Only 22 percent offer such services and usage is low among those who offer it with vendors claiming per-member utilization of less than 10 percent.

“While this analysis highlights a maximum potential savings, even a significantly lower level of use could generate hundreds of millions of dollars in savings,” Allan Khoury, M.D., a senior consultant at Towers Watson, said in a statement. “Achieving this savings requires a shift in patient and physician mindsets, health plan willingness to integrate and reimburse such services, and regulatory support in all states.”

Read the source article at towerswatson.com

Topics

News

NewYork-Presbyterian, Walgreens Partner on Telemedicine Initiative

NewYork-Presbyterian and Walgreens are collaborating to bring expanded access to NewYork-Presbyterian’s healthcare through new telemedicine services, the two organizations announced this week.

ONC Releases Patient Demographic Data Quality Framework

The Office of the National Coordinator for Health IT (ONC) developed a framework to help health systems, large practices, health information exchanges and payers to improve their patient demographic data quality.

AMIA, Pew Urge Congress to Ensure ONC has Funding to Implement Cures Provisions

The Pew Charitable Trusts and the American Medical Informatics Association (AMIA) have sent a letter to congressional appropriators urging them to ensure that ONC has adequate funding to implement certain 21st Century Cures Act provisions.

Former Michigan Governor to Serve as Chair of DRIVE Health

Former Michigan Governor John Engler will serve as chair of the DRIVE Health Initiative, a campaign aimed at accelerating the U.S. health system's transition to value-based care.

NJ Medical Group Launches Statewide HIE, OneHealth New Jersey

The Medical Society of New Jersey (MSNJ) recently launched OneHealth New Jersey, a statewide health information exchange (HIE) that is now live.

Survey: 70% of Providers Using Off-Premises Computing for Some Applications

A survey conducted by KLAS Research found that 70 percent of healthcare organizations have moved at least some applications or IT infrastructure off-premises.