Global Telemedicine Market 2024 Latest Technology Innovations, Size, Growth and Forecasted Report – Honest Version

The main objective of this report is to define, describe, and forecast the global “Telemedicine” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. According to report the global telemedicine market is projected to grow at a CAGR of 18.4% over the forecast period of 2018-2024.

Download Sample Copy of Telemedicine Market @https://www.infiniumglobalresearch.com/reports/sample-request/297

Telemedicine is a subset of telehealth that includes both remote clinical service delivery and nonclinical elements of the healthcare system. Telemedicine is the remote delivery of healthcare services such as health assessment or consultation over the telecommunication infrastructure. It allows the healthcare service providers to examine, diagnose and treat patients almost anytime, day or night without the need for an in-person visit. Telemedicine lets healthcare providers examine, diagnose and treat patients using technology like phone, computer or other devices. Telemedicine is a burgeoning technology and has a high growth potential. Telemedicine offers a number of benefits such as it let healthcare providers diagnose common viruses like cold, infection, rashes, allergies, mental health problems like anxiety or depression and do routine follow-up visits for surgery or illness. In addition, telemedicine allows sharing of health data through digital devices such as phone apps, wearable devices, and other medical devices. Also, this technology helps to send –X-ray, ultrasound photos or images and improve access to the specialist. Moreover, Telemedicine helps in setting up virtual visits and at the same time and provide education, such as explaining how to use an inhaler.

Consistent technological innovations, increasing remote patient monitoring, the high prevalence of chronic diseases, and rising geriatric population are considered to be the driving factors fueling the growth of telemedicine market. Also, benefits offered by telemedicine is leading to the adoption of telemedicine technology in developed as well as developing countries. In addition, growing technological innovations and adoption of medical devices are facilitating growth in this market. Moreover, an increasing number of smartphone users is likely to support the growth of this market over the forecast period. However, high cost of advanced technology, legal and reimbursement issues and inadequate healthcare infrastructure in developing economies are the factors inhibiting the growth of telemedicine market. Furthermore, the global telemedicine market is expected to present several opportunities for major players due to technological advancements in the telecommunication sector.

Among the Geographies, North America dominated the global telemedicine market followed by Europe. The U.S is the main region driving the growth in the North America region. Telemedicine technology was first used in the military situations during the Civil War for ordering medical supplies or medical consultations. The growth of the telemedicine market in this region is mainly attributed to growing adoption of telemedicine from organization and patients, ongoing reforms in telehealth parity laws and improved reimbursement policies. Asia Pacific region is witness to grow at the highest CAGR during the forecast period due to growing healthcare infrastructure and on-going adoptions of medical devices.

Buy Telemedicine Market Research Report @https://www.infiniumglobalresearch.com/reports/purchase/297

Companies Profiled:

The report provides profiles of the companies in the global telemedicine market such as, Allscripts Healthcare Solutions Inc., AMD Global Telemedicine, Honeywell Life Care Solutions, Medtronic,, SHL Telemedicine Ltd., Aerotel Medical Systems, Bio Telemetry, InTouch Technologies and Philips.

About Us

Infinium Global Research and Consulting Solutions is started with a single motto of being business partner of first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.

Source: Global Telemedicine Market 2024 Latest Technology Innovations, Size, Growth and Forecasted Report – Honest Version

Video Telemedicine Market CAGR Projected to Grow Through 2018-2026

The Video Telemedicine Market is a broad research dependent on industry, which examines the escalated structure of the present market all around the world. Planned by the sufficient orderly system, for example, SWOT investigation, the Video Telemedicine market report demonstrates an aggregate appraisal of overall business overview.

Video Telemedicine Market report would come in handy to understand your competitors and give you an insight about sales, volumes, revenues in the Video Telemedicine industry, assists in making strategic decisions. The report contains proven analysis by regions. It reduces the risks involved in making decisions as well as strategies for companies and individuals interested in the market.

Download FREE PDF Brochure of Video Telemedicine Market Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/1003

The global Video Telemedicine market research includes the decisive analysis by classifying it on the basis of product type, end user, and application segments. The development of every segment is assessed along with the forecast of their expansion in the near future. The pertinent facts and figures gathered from the regulatory authorities are presented in the global Video Telemedicine research report to review the expansion of each segment.

Furthermore, the market is bifurcated on the basis of geographical regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Numerous analytical techniques are used to study the expansion of the global Video Telemedicine market. It also highlights key parameters of the dominating market players influencing the growth of the industry along with their position in the global market.

Report Highlights:

  • The Video Telemedicine report provides a detailed analysis of current and future Video Telemedicine market trends to identify the investment opportunities.
  • Market forecasts till 2026, using estimated Video Telemedicine market values as the base numbers.
  • Key Video Telemedicine market trends beyond the business segments, Regions and Countries.
  • Key developments and strategies observed in the Video Telemedicine market.
  • Video Telemedicine Market Dynamics such as Drivers, Limitations, Opportunities and other trends.
  • In-depth business profiles of key players and upcoming prominent players.
  • Growth prospects among the emerging countries through 2026.
  • Video Telemedicine Market opportunities and recommendations for new investments.

Video Telemedicine Market Drivers & Challenges

  • The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Video Telemedicine market and their impact on the revenue scale of this business sphere.
  • The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the report.
  • Alongside, the research study is inclusive of the latest trends proliferating the market as well as the challenges that this business sphere is likely to present to the prominent contenders of this business space.

Global Video Telemedicine Market Answers the following Key Questions.

  • What will be the Video Telemedicine market size and expansion rate in 2026?
  • Who are the key producers of Video Telemedicine and where they lie on a global scale?
  • What are the Video Telemedicine Industry kinetics and industry outlooks?
  • Who will be the target audience of Video Telemedicine industry?
  • What are the opportunities, challenges, and threats influencing the growth of Video Telemedicine Industry?
  • What are the main driving attributes, Video Telemedicine market trends, short-term, and long-term policies?
  • What are the opinions from professionals and their outlook on Video Telemedicine Industry and future insights?

Download And Get Sample PDF File Of Video Telemedicine Industry: https://www.coherentmarketinsights.com/insight/request-sample/1003

Reasons for Buying Video Telemedicine market

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

Thus, the report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on. The statistics are represented in graphical format for a clear understanding on facts and figures.

Also, Coherent Market Insights has a proprietary database of pipeline biologics and biosimilars, called PHASE-XS. This database provides analytical data in addition to the clinical information of ongoing trials for biologics and biosimilars. An amalgamation of more than 30 parameters, PHASE-XS helps biotechnology and pharmaceutical companies to analyze the market trend, competition, and market potential. For more information or to access this database, kindly click on the below link or contact at – sales@coherentmarketinsights.com

Source: Video Telemedicine Market CAGR Projected to Grow Through 2018-2026

Eye On Cyber: Are Virtual Doctors Visits Secure? – CBS New York

NEW YORK (CBSNewYork) – More and more patients are taking advantage of video conferencing with their doctors in the comfort of their own homes, instead of making a trip to the office.

Telemedicine is an increasingly convenient way to get medical care, but it’s important to make sure the personal data you share remains private.

Whether it’s the results of a blood test, your most recent blood pressure readings, or a prescription medication you take, more and more medical conversations are happening online.

Currently, about 65 percent of hospitals use telemedicine to consult with patients and other doctors, according to the American Hospital Association. And that number is only growing.

But security experts warn the connection for these sessions often are not as secure as they should be, providing access points for hackers. Sometimes the data from these sessions is stored in an insecure manner.

Before you choose a telemedicine provider, make sure they are prioritizing security.

You should ask:

Does your technology comply with the health care privacy law, known as HIPA? The answer should be yes.

Do you keep and store video sessions? The answer should be no, so there is little risk of the session turning up later online.

There are also steps you can take.

Make sure to use an encrypted video channel provided by the company. Never use Facetime or Skype.

As always, make sure you establish a strong password. That’s one of the best ways to make sure no one else can access your account.

Source: Eye On Cyber: Are Virtual Doctors Visits Secure? – CBS New York

Medicare program will allow ambulance rides to urgent care, telemedicine sites 

BUFFALO, N.Y. — A new pilot program could see patients calling for an ambulance taken to urgent care sites and doctor offices instead of hospital emergency departments.

The federal government last week introduced a new payment model that provides new treatment and transport options to better meet emergency care needs. The Emergency Triage, Treat and Transport (ET3) model gives emergency services providers the ability to determine where patients will be treated based on the severity of their condition. You can continue reading this article by visiting the Buffalo Business First website.

es to urgent care, telemedicine sites | wgrz.com

Stalemate Or Solution? Ga. Legislative Fight Over Surprise Billing Renewed 

The thorny problem of surprise medical billing has once again sparked competing remedies within the General Assembly.

Past attempts at a solution have ended in failure and frustration. Whether this year’s bills will actually lead to a resolution is anyone’s guess.

Surprise bills occur when consumers have procedures or visit ERs at hospitals in their insurance network, then get separate bills from non-network doctors involved in their care. These unexpected charges can add up to hundreds or even thousands of dollars.

Surprise bills from ER doctors, anesthesiologists and radiologists, among others, often infuriate consumers.

It’s not just a Georgia issue.

More than half of Americans have received an unexpected medical bill, according to an August survey by the research group NORC at the University of Chicago. One-fifth of emergency-room admissions triggered a surprise bill, economists from the Federal Trade Commission reported in 2017, according to Bloomberg News.

President Donald Trump has also taken on the issue, saying it will be a top priority for his administration. Members of Congress on both sides of the aisle are working on surprise billing solutions as well.

A few states have passed legislation addressing surprise billing.

This year’s coming debate in the Georgia General Assembly may largely echo what’s been said in previous battles. The key sponsors of legislation are the same as in past years, and the fight is likely to be between an insurer-backed proposal originating in the House and a physician-backed proposal arising in the Senate.

The goal of each is to reduce the financial burden on consumers in such billing disputes between insurers and physicians.

Consumer advocacy groups have underscored the financial impact on patients from unexpected bills.

“Consumers purchase health insurance as much to protect their finances as they do to protect their health, and when they receive surprise out-of-network medical bills, it feels like an unfair deal — and often it is,’’ says Laura Colbert of the advocacy group Georgians for a Healthy Future. “Commonly, consumers who receive surprise bills had no choice or control over their health provider and no way to find out ahead of time who would be treating them and if they were in network.‘’

Sen. Chuck Hufstetler, a Rome Republican, told the Senate Insurance and Labor Committee on Thursday that his proposal, Senate Bill 56, aims “to get the consumers out of the middle’’ of such pay disagreements.

Hufstetler told the Senate panel that Georgia is considered the leading state for having narrow networks, defined as health plans that offer a limited choice of health care providers in exchange for lower premiums.

While the legislation promotes transparency, it mainly focuses on bills generated by emergency room care. It would calculate insurers’ payment to non-network medical providers using a formula that would include a “benchmarking” database as a reference point.

The Medical Association of Georgia, a leading physician organization, testified in support of the bill, saying it would eliminate balance billing for patients.

Also supporting the proposal was Michele Kimball, president and CEO of Physicians for Fair Coverage, who said the combination of high-deductible policies and balance billing “is creating a perfect storm for patients.’’

But officials representing insurers criticized the database payment provision. Allan Hayes of the America’s Health Insurance Plans, a national trade group, said the reimbursement formula would increase health care costs by using a baseline of physicians’ billed charges. No state has passed a similar structure, Hayes said.

Jesse Weathington of the Georgia Association of Health Plans said his organization agrees with increasing price transparency and consumer protections. But the Senate bill, he said, would increase health care costs. Kaiser Permanente also testified against Senate Bill 56.

The panel approved the measure, which now goes to the Rules Committee in the Senate. Hufstetler said that he was “hopeful that we can work something out with the House. I think there’s some room for compromise.’’

Meanwhile, House Insurance Chairman Richard Smith, a Columbus Republican, has put forward a bill — similar to one he introduced last year — that emphasizes increased transparency.

Medical providers, if asked, would have to give patients information about which doctors will be involved in a non-emergency hospital procedure, whether they’re in the patient’s network, and what the resulting fees would be, under House Bill 84.

“You get to the hospital, you think you’ve done everything right. The doctor is in the network, the hospital is in the network,’’ Smith told the House Insurance Committee on Tuesday. But one of the physicians who helped on the procedure often isn’t in the network, resulting in a potentially expensive bill, Smith said.

He told lawmakers that if his bill were to pass the General Assembly, an educational campaign would be needed for patients, so they would know what to ask about billing before they undergo a procedure.

There’s no compensation formula in the House bill.

Smith said he has been told the Senate proposal, by putting compensation into the Georgia Code, would be found unconstitutional even if it passes.

He said he would move to block a database, Fair Health, from being a part of any possible compromise, saying it would raise health care costs. Supporters of the Senate approach, meanwhile, say Fair Health is used by the Georgia workers’ compensation system.

Smith, when asked whether a compromise would be worked out and approved, said, “I’m going to be surprised.’’

Here’s a Kaiser Health News article about congressional efforts to tackle surprise billing.

Source: Stalemate Or Solution? Ga. Legislative Fight Over Surprise Billing Renewed | 90.1 FM WABE

Whistle-blower accuses HCA of fraudulent billing practices – Modern Healthcare

A former HCA nurse accused the hospital chain of fraudulently billing the federal government for services delivered at Regional Medical Center in San Jose to inflate reimbursement.

In an unsealed False Claims Act case in California federal court, the whistle-blower claimed that Regional Medical Center administrators billed intensive care unit, medical-surgical and telemetry services on an inpatient basis when the patient was still in the emergency department.

It stems from a capacity and understaffing issue, former Regional Medical Center emergency room nurse Zuri Lazard contends. Regional Medical Center is taking on more patients than it can accommodate and hasn’t adequately trained its ER nurses in those specialties, which compromises patient care, according to the complaint filed in 2017.

The billing practice allegedly extends beyond the San Jose hospital to other HCA facilities, according to the lawsuit seeking an unspecified amount of damages.

HCA did not reply to requests for comment. The federal government and California declined to intervene.

Emergency medicine is an area where there are lots of opportunities to second-guess and challenge the coding after the fact, said Mark Silberman, a partner at the law firm Benesch.

“The core question is what was the motivation,” he said. “Was it for the best interest of the patients or to obtain profits they weren’t entitled to?”

Lazard claims that Regional Medical Center’s emergency room typically has twice as many patients as beds. Management allegedly requires staff to tell other facilities that there is room for additional patients even when there isn’t, which is “done solely to increase billing,” the lawsuit claims.

She alleges that “holds” waiting for an inpatient bed to open up can spend days in the ER, although the documents allegedly claim they were elsewhere. Some of these “holds” were allegedly only treated by ER staff, but the charts indicate that ICU, medsurge or telemetry staff provided the services in inpatient beds that do not exist, boosting reimbursement, according to the complaint.

“The patients in the ER rooms lay on hard gurneys,” the lawsuit reads. “Sometimes, rather than be in an ER enclosure, they are merely stuck on these gurneys in hallways for the entirety of their stay—days upon days. The ER nurses are unable to turn the patients every two hours as needed and/or pad and elevate the patients’ bony prominences to help prevent the patients from developing bedsores.”

The ER allegedly lacks basic supplies, a robust supply of food, ventilated acquired pneumonia kits, an adequate supply of tube feeding pumps or a centralized monitoring station, according to the lawsuit. Regional Medical Center is also allegedly placing overflow “hold” patients in unsafe areas, including an old electrophysiology lab that does not include a handicap-accessible bathroom, among other issues listed in the complaint.

Claims processors have no way of sorting through the electronic charting system to verify whether the patient was in the emergency department or an inpatient bed, Lazard alleges.

When Lazard told management that emergency room nurses aren’t equipped to provide remote monitoring and other specialized services, the ER director wrote in an email, “it is within your scope of practice to perform admission assessments of patients while they await an inpatient bed,” according to the lawsuit.

Lazard also accused Regional Medical Center of directing its staff to inflate its acuity scores and revenue codes that denote more care was provided, increasing reimbursement. In addition, administrators were allegedly billing the government for care delivered in a private room even when they housed multiple patients.

When Lazard raised these concerns with her supervisors, she was allegedly threatened with termination, escorted off the premises and had her wages and hours cut, among other retaliatory actions listed in the complaint.

Source: Whistle-blower accuses HCA of fraudulent billing practices – Modern Healthcare

Texas A&M returns to SXSW to showcase Aggie innovation

Texas A&M University is headed back to Austin for SXSW 2019.

For the third year, Aggies will be presenting the best of the best of the university’s work at the SXSW Interactive Festival March 10-13.

“This is how we reach a world stage,” said Amy Smith, senior vice President and Director of Marketing and Communications at Texas A&M. “And the return on investment is incredible.”

Smith stresses that none of that investment comes from tuition dollars or state funds, but instead from a mix of sponsors and licensing funds from A&M-branded sales.

“We’ve seen a 19% increase in complete applications,” said Smith, “and part of that is attributed to greater statewide, national and global impressions.”

Some new and different exhibits this year include a showcase of Texas A&M’s focus telemedicine consulting, as well as a Fortnite competition Sunday night in partnership with eSports.

Source: Texas A&M returns to SXSW to showcase Aggie innovation

Telemedicine Market Segments by Product Types, Manufacturers, Regions and Application Analysis to 2026

The Telemedicine Market is a broad research dependent on industry, which examines the escalated structure of the present market all around the world. Planned by the sufficient orderly system, for example, SWOT investigation, the Telemedicine market report demonstrates an aggregate appraisal of overall business overview.

Telemedicine Market report would come in handy to understand your competitors and give you an insight about sales, volumes, revenues in the Telemedicine industry, assists in making strategic decisions. The report contains proven analysis by regions. It reduces the risks involved in making decisions as well as strategies for companies and individuals interested in the market.

Download FREE PDF Brochure of Telemedicine Market Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/548

The global Telemedicine market research includes the decisive analysis by classifying it on the basis of product type, end user, and application segments. The development of every segment is assessed along with the forecast of their expansion in the near future. The pertinent facts and figures gathered from the regulatory authorities are presented in the global Telemedicine research report to review the expansion of each segment.

Furthermore, the market is bifurcated on the basis of geographical regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Numerous analytical techniques are used to study the expansion of the global Telemedicine market. It also highlights key parameters of the dominating market players influencing the growth of the industry along with their position in the global market.

Report Highlights:

  • The Telemedicine report provides a detailed analysis of current and future Telemedicine market trends to identify the investment opportunities.
  • Market forecasts till 2026, using estimated Telemedicine market values as the base numbers.
  • Key Telemedicine market trends beyond the business segments, Regions and Countries.
  • Key developments and strategies observed in the Telemedicine market.
  • Telemedicine Market Dynamics such as Drivers, Limitations, Opportunities and other trends.
  • In-depth business profiles of key players and upcoming prominent players.
  • Growth prospects among the emerging countries through 2026.
  • Telemedicine Market opportunities and recommendations for new investments.

Telemedicine Market Drivers & Challenges

  • The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Telemedicine market and their impact on the revenue scale of this business sphere.
  • The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the report.
  • Alongside, the research study is inclusive of the latest trends proliferating the market as well as the challenges that this business sphere is likely to present to the prominent contenders of this business space.

Global Telemedicine Market Answers the following Key Questions.

  • What will be the Telemedicine market size and expansion rate in 2026?
  • Who are the key producers of Telemedicine and where they lie on a global scale?
  • What are the Telemedicine Industry kinetics and industry outlooks?
  • Who will be the target audience of Telemedicine industry?
  • What are the opportunities, challenges, and threats influencing the growth of Telemedicine Industry?
  • What are the main driving attributes, Telemedicine market trends, short-term, and long-term policies?
  • What are the opinions from professionals and their outlook on Telemedicine Industry and future insights?

Download And Get Sample PDF File Of Telemedicine Industry: https://www.coherentmarketinsights.com/insight/request-sample/548

Reasons for Buying Telemedicine market

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

Thus, the report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on. The statistics are represented in graphical format for a clear understanding on facts and figures.

Also, Coherent Market Insights has a proprietary database of pipeline biologics and biosimilars, called PHASE-XS. This database provides analytical data in addition to the clinical information of ongoing trials for biologics and biosimilars. An amalgamation of more than 30 parameters, PHASE-XS helps biotechnology and pharmaceutical companies to analyze the market trend, competition, and market potential. For more information or to access this database, kindly click on the below link or contact at – sales@coherentmarketinsights.com

https://www.coherentmarketinsights.com/phase-xs/

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Source: Telemedicine Market Segments by Product Types, Manufacturers, Regions and Application Analysis to 2026

Forbes: Three Industries Poised For IoT Disruption

The internet of things (IoT) has become a hot topic for discussion in recent years due to its ability to enhance operational efficiency and improve business outcomes. What was once an abstract concept now touches almost every part of our lives and can be found in our homes, workplaces and public spaces.

In our increasingly connected world, I expect that IoT will continue to open the door to enormous and lucrative opportunities across almost every major industry. Let’s explore what I see as the top three based on my observations of industry growth at a research and advisory firm.

Health Care

A 2017 Deloitte article estimated the market value of IoT as a whole would reach $1.1 trillion by 2020. My company’s research estimated that the IoT healthcare market specifically will be worth $158.07 billion by 2022 due to developments like telemedicine, connected imaging and tech-driven medication management. This projected growth suggests to me that IoT is poised to redesign modern health care with promising technological, economic and social prospects, and IoT is already making its way into health care in applications such as remote health monitoring. AARP and VRHealth, for example, are working on a remote medical diagnostic tool for seniors. Wearables for collecting and analyzing medical data are also emerging, such as Apple’s recent Apple Watch update that allows users to check for heart rhythm irregularities and share the results with their doctor.

Today more than ever before, I believe convenient technologies like these can help healthcare practices who need to implement strategies to improve patient loyalty and satisfaction to drive their organizations’ growth and revenue. IoT could be essential in improving the patient experience and winning the future of care. Thorough and continued training of staff on the latest IoT solutions could be imperative to success and ensure the most efficient workflow and greatest patient satisfaction. These improvements must be fostered as they are a continuous process.

It is no longer sufficient to observe these trends and take a fast-follower position in adopting and fostering IoT in various healthcare applications. Indeed, those innovative business development leaders who best understand and capitalize on these opportunities IoT fosters in the healthcare industry could be best positioned to seize revenue gains through first-mover advantage, which will help secure mindshare and loyalty in customers.

https://www.forbes.com/sites/forbesbusinessdevelopmentcouncil/2019/02/20/three-industries-poised-for-iot-disruption/

Business Insider: HHS’ New Medicare payment model should spur telemedicine adoption

The US Department of Health and Human Services (HHS) plans topilot a payment model that could help reduce Medicare and Medicaid patient transports to costly emergency departments by steering them toward alternative forms of care, like telemedicine or urgent care, instead, according to The Associated Press.

more us patients are visiting nontraditional healthcare servicesBusiness Insider Intelligence

Under the HHS’ pilot, ambulance providers will have equal financial incentive to deliver patients to the ED or connect them with urgent or telemedicine care, which should spur greater foot traffic to the latter two services. For context, currently, Medicare typically only pays for emergency ambulance services if the patient is transported to a hospital. If successful, the HHS could expand the program nationwide.

Diverting patients away from emergency departments and toward telemedicine or urgent care represents a massive savings opportunity for the HHS. Emergency room (ER) visits account for a significant chunk (7%) of US healthcare’s rising costs, and the price of an ER visit rose 24% to just shy of $2,000 between 2013 and 2017, while usage ticked up 10% over the same period, according to a newly released Health Care Cost Institute report.

Moreover, a large portion of these costly visits is avoidable: In 2017, more than 4 million of the 23 million ED visits made to a group of 750 US hospitals were potentially preventable, representing an $8.3 billion annual savings opportunity, per a recent report from healthcare consultancy Premier. The HHS estimates that scaling the payment model could save Medicare $500 million annually.

The proposed payment model is the latest indicator that hospitals should make strategic investments to control the first touch points of care. Healthcare’s “front door“— the services consumers interact with prior to seeking hospital care or for less serious conditions — is undergoing a transformation: We’ve seen an uptick in consumer use of retail health clinics and urgent care clinics, and younger generations prefer nontraditional healthcare services like virtual care for many services.

Combined with the HHS’ proposal to incentivize ambulatory providers to transport more patients to lower cost, nonhospital care, these signs point to a need for providers to diversify how they reach patients. Providers should consider telemedicine investments and partnering with or acquiring walk-in clinics to ensure their revenue isn’t undermined by any shifts in how consumers access healthcare: Health systems New York-Presbyterian, Cleveland Clinic, and BayCare have partnered with Walgreens, CVS, and Publix, respectively, for example.

https://www.businessinsider.com/hhs-medicare-payment-model-telemedicine-adoption-2019-2

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