Telehealth service vendor Teladoc announced that it passed the two million patient-visit mark back in December.
According to Teladoc, the company reached the one million patient visit mark in October 2015.
Based on a recently completed, comprehensive study performed by Veracity Analytics, the two million visits milestone translates into more than $900 million that it is estimated Teladoc has saved its clients, the company stated in a press release.
Led by Niteesh Choudhry, M.D., a Harvard researcher and physician at Brigham and Women's Hospital, the study, using an advanced ROI methodology and data from nearly two million members, has found an average savings of $472 per visit.
“Using data from the multiple evaluations gave us the opportunity to identify whether there are specific factors that are consistently associated with the cost savings from Teladoc,” Choudhry said in a statement. “The extremely high correlation between the savings predicted by our statistical model and the savings that were actually observed, and the repeated replication of this result, gives us confidence that the factors we identified could be applied to other settings to estimate the anticipated savings from using Teladoc as compared to visiting an emergency room or other traditional healthcare settings.”
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