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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