Telemedicine and Big Savings

Telemedicine could potentially deliver more than $6 billion a year in health care savings to U.S. companies, according to analysis by global professional services company Towers Watson (NYSE, NASDAQ: TW). An illustration of the program’s possibilities, achieving this level of savings would require all employees and their dependents to use the technology-enabled interactions available today in place of face-to-face visits to the doctor, urgent care center or emergency room (for appropriate medical problems).

“While this analysis highlights a maximum potential savings, even a significantly lower level of use could generate hundreds of millions of dollars in savings,” said Dr. Allan Khoury, a senior consultant at Towers Watson. “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.”

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Financial Innovation Is A Big Challenge

For the sixth year, medical practice executives revealed their biggest daily professional challenges to MGMA and disclosed their struggles to adapt to rapid changes, legislative pressures and fiscal uncertainty. According to 1,067 respondents to the “Medical Practice Today: What members have to say” research, the top five most applicable and intense challenges of running a group practice are:

  1. Dealing with rising operating costs
  2. Preparing for reimbursement models that place a greater share of financial risk on the practice
  3. Managing twodigits game finances with the uncertainty of Medicare reimbursement rates
  4. Collecting from self¬-pay, high-deductible, and/or health savings account patients
  5. Understanding the total cost of an episode of care

Read the full article dragon city hack no survey at Medical Group Management Association

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The Triple Aim of Telemedicine?

The triple aim is the goal of current healthcare reform through the implementation and adoption of health information technology, but are healthcare organizations and providers overlooking the role of telemedicine in achieving this end?

“Perhaps the real question to ask is this: Why aren’t health systems, hospitals, and physician practices working more aggressively to allow telemedicine support their move to outcomes-based care?”

Read the full article at EHR Intelligence

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