Home Technology 2021’s Telemedicine Pricing & Statistic-It Values Your Time!

2021’s Telemedicine Pricing & Statistic-It Values Your Time!

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If we look back, the year 2020 seems to be very much less than optimal, an almost unexpected chapter in all our lives. Keeping everybody in fear this was the year that has bloomed the healthcare industry embracing the digital telemedicine technology.

Yes! A new tech that has proved to be an ultimatum for both immediate as well as long term future. In the beginning there has been much incredulity surrounding telemedicine platform and the consultation and treatment via video calling technology. But, later in the run its acceptance among the people has shut all the criticisms.

Now, this has raised it’s demand among the web and app developers. As for them this is the time to give their career a new turn with a new industry by focusing on it’s niches and facts about telehealth. Well, all these outputs are based on the telemedicine statistic ratio that have fueled these technophiles.

Thinking this to be the best time to have clarity about, this blog has been created mainly focusing on the 40+ telemedicine statistics that can get you a detailed face sheet with facts about telehealth.

Let’s hand together and start with people view on telemedicine and its importance with telemedicine growth statistics,

Is Telemedicine Worth & Effective? Explore People View Over it!

1) Global Med stated that almost 74% of millennials go for telehealth consultation to in-person doctor exams.

2) As per Brain, within the next five years, the consumers are expected to utmost usage of virtual healthcare options.

3) MDPI says that up to 89% of patients are most likely to accept telemedicine as a sufficient form of medical care.

4) MDPI also says that 85% of patients expressed satisfaction towards the use of telemedicine service for their medical care.

5) When compared to in-person visits at a doctor’s place, virtual healthcare statistics concerning visits have been found to be more by 62.6% of patients and 59% of clinicians with more reliability and effectiveness (ResearchGate).

6) ResearchGate also says that about 52.5% of clinicians state that treatment with virtual healthcare visits is more effective than in-office treatment.

7) Neurology says that about 93% of clinicians found telehealth to be an “acceptable” process among which 60% sees that to be a very effective method when it comes to overall patient care.

8) Neurology also says that about 89% of clinicians state telemedicine to be at least a satisfactory method of follow-up patient care.

9) When it comes to virtual healthcare statistics with regards to visits, Neurology says about 5% results in the need for an in-person examination.

10) In certain cases, the use of telemedicine provides a better result than in-person doctor visits (OECD).

11) FCC report says that Banner Health’s Ambulatory Care Program that involves telehealth, reduces hospitalization by 49.5% with 30 days readmissions by 75% in the first year.

12) As per FCC, the Veteran’s Administration has administered over 2.29 million telemedicine interactions to over 782,000 veterans.

13) The virtual healthcare visit that was utilized by the veterans led to 25% fewer days that were spent in as inpatient care with 19% fewer hospital admissions (FCC).

14) PubMed reported that 93% of telepsychiatry patients reviewed telemedicine as the one with which they can present the same information over the phone as at a face-to-face visit.

15) PubMed also statistics the satisfaction rate to be 96% when it comes to telepsychiatry patients with virtual mental healthcare.

16) Even 85% of telepsychiatry patients feel more comfortable sharing their health condition via a virtual environment (PubMed).

17) As per Avera eCare, the patient’s recruitment and retention rate can be increased by 81.5% if implemented over a telehealth platform.

18) McKinsey says 82% of consumers found digital options to be the best way to monitor health.

Let’s Evaluate the Cost of Virtual Health Exams!

19) As per AAFP , Telehealth mostly visits the ranges from $49 to $250 per month.

20) MDPI says that the rise of telemedicine can reduce the costs of in person doctor’s visits by 10% – 15%.

21) mHealth Intelligence says that in Maryland, the Frederick Memorial Hospital’s 2016 virtual healthcare platform has reduced the cost of patient care by 50%.

22) In Philadelphia, as per Health Leaders, at Jefferson County Hospital’s telemedicine platform, the Heff Connect cost saving is from $300 to $1500 per hospital visit, and concerning patients the costs of telehealth visit is around $19 to $120.

23) FCC says telehealth technologies growth projection is saving the US healthcare industry by around $305 billion annually.

24) For remote health monitoring in case of diabetes, cohort has resulted with the estimated cost saving of $3,855 per patient per year (FCC).

25) FCC report says that Banner Health’s Ambulatory Care program involving telehealth has reduced the overall cost by 34.5% in the first year.

Is the Telehealth Sector the Most Reliable and Secure One?

26) Neurology reports that about 40% of the users have encountered telehealth to be of technical challenges.

27) Neurology also says that in certain cases the users experience poor audio (19%), poor video (13%), and audio interruption (9%) which has created a negative impact on the reliability of virtual healthcare statistics with visits.

28) When it comes to in-house security measures, there is only 20% of telemedicine practitioners who rely on external security vendors (AMA).

29) Health Tech says that about 19% of users experience Technical barriers including cybersecurity and lack of bandwidth.

30) AHIMA states that the telemedicine technology that meets the HIPAA standards for security and privacy is only used in the US.

Are people really interested in Telemedicine Prior to Coronavirus?

31) AMA report states that from 2016 to 2019, the usage of telemedicine is not the same in all departments of the healthcare sector but some medical specialties have doubled telemedicine growth from 14% to 28%.

32) Global Med says that in the past five years preceding 2019, there’s a rise in telemedicine growth statistics by 44%.

33) The awareness about telemedicine sector has made 66% of consumers to try virtual health exams, among which 8% had already made, and one-third were to make use of personal health monitoring devices as per American Well.

34) As per Ziegler, in 2019 about 22% of practitioners were using telemedicine to examine patients but in 2015 it was only 5%.

35) As per a report from US Department of Veteran’s Affairs, about 17% of telehealth services has been for veterans (VA).

Impact of COVID-19 over the Virtual Healthcare Ecosystem

36) The previous restrictions over the telehealth services administered from the US Federal government have been lifted by medical professionals in response to the Coronavirus pandemic that adds up to more than 80 additional services (JAMA).

37) In response to COVID-19, The US Federal government has started allowing the Reimbursement for telemedicine services with respect to The Centers for Medicare & Medicaid Services (CDC).

38) McKinsey reported that telemedicine statistics 2020 shows the consumer’s option to be raised from 11% to 49% concerning telehealth services.

39) Following the implementation of telemedicine, in the first two weeks the overall patient volume has decreased by 41% when it comes to the novel Coronavirus in 2020 (Neurology).

40) In 2020, healthcare practitioners will provide about 50 to 175 times the overall number of telemedicine visits when compared to the previous years (McKinsey).

41) As per McKinsey, with COVID-19 up to $250 billion of US healthcare spending was from virtual medicine.

42) As per Statista, the global telemedicine market will account for $45.5 million in 2019 with a projection to account for $175 million by 2026.

Wrapping Up

However, this post gives a very clear view over both consumers as well as healthcare professionals being satisfied adopting virtual medicine as an effective tool towards healthcare. It also shred-light over the other related areas like the telemedicine costs which is less than in-office visits and the security measures with the benefits of remote health exams, all this depending upon telemedicine adoption rate.

Overall, we can say telehealth is more than just an emergency response to a crisis. The telemedicine growth projections mentioned in this article implies that the virtual exams are more likely to be a prominent part of patient care comparatively. Thus, telemedicine application is the best one to help connect the doctor to patient communication tool, which is more worth money and much more relevant than any other mode of treatment.