The current COVID-19 pandemic has left the world grappling with the excessive burden on healthcare facilities around the globe. The benefits of telemedicine are now being felt more than ever.
Leading healthcare organizations are developing their own telemedicine platforms to deal with the Coronavirus pandemic. Telemedicine apps are allowing healthcare practitioners provide medical advice to their patients amidst a global lockdown.
Telemedicine Market size is set to exceed USD 130.5 billion by 2025; according to a new research report by Global Market Insights.
Here Are The Top 10 Benefits of Telemedicine
1. Less Exposure to Illnesses From Patients
When you work in the medical field, you’re more prone exposure to illnesses. In fact, the CDC recognizes that healthcare staff who work in long-term facilities and nursing homes as high risk for contracting the flu.
But telemedicine helps reduce potential of exposure to germs and contagious diseases. You can diagnose or suggest a treatment plan from afar and reduce your chances of getting sick from patients.
This advantage is being increasingly recognized as the healthcare workers worldwide are battling the coronavirus pandemic. Telemedicine is allowing the patients showing mild symptoms to self-isolate and do periodic check-ins with the care providers via technology.
For moderate to advanced cases, scheduling of hospital visits is being done while ensuring complete security of the medical personnel to limit the transmission of the virus.
2. Increased Flexibility
Telemedicine offers more flexible options for monitoring patients and enhancing patient care, including options to leverage technology like AI in healthcare for helping patients prevent unnecessary emergency room visits.
About 65 percent of hospitals in the United States already video and other forms of technology to connect with their patients thanks to the flexibility it brings.
You can provide services via an app that leverages instant messaging or a platform that supports video conferences. Patients can also be mobile and you can work from different locations. Telemedicine provides the flexibility medical staff need to facilitate a healthy work life balance, too.
For instance, you can schedule appointments for weekends with patients or during hours that best suit the needs of both you and your patients.
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3. Enhanced Access to Specialists
Approximately 60 million people—about 19.3 percent of the U.S. population—live in the rural United States, and access to health care is an underlying issue. However, telemedicine is helping to help bridge the gap by providing access to specialists.
For instance, rural customers can discuss medical history with their specialist in a video conference who can also inquire further about their ailments and hear it for themselves rather than waiting from the information from your nurse or doctor. This helps the specialist to better determine the proper diagnosis and prescription to provide.
4. Increased Revenue Potential
With more access to patients in rural areas and during hours that accommodate them with the help of telemedicine, you can see more patients. This is due to fact that it will take medical staff less time per patient to provide consulting services patients during e-visits.
This enhances productivity and efficiency so that you can see more patients without increasing your office hours. More patients seen can also drive revenue potential.
5. Reduced “No-Shows”
When patients don’t show up to an office visit, it can cost lost revenue potential. From car problems to traffic jams, patients have several reasons for not showing up to an appointment. Work obligations and a lack of childcare may also explain these missed appointments.
However, telemedicine can help curb missed appointments, as one of the key examples of patient engagement solutions. With this option, patients are less likely to have no shows since it telemedicine helps eliminate transportation problems for patients. It’s also helping rural workers save approximately $3,431 in lost wages and $5,718 in transportation costs each year.
6. Increased quality of care
Telemedicine helps reduce hospital readmissions, while slashing down the rate of admission and duration of stay at the same time. It ensures optimal utilization of resources guaranteeing better quality of case for patients suffering from physical as well as mental illness.
It reduces the burden, allows for optimal utilization of time which brings down the chances of suffering from physician burnout as well. By ensuring that only the cases that need direct medical supervision and intervention reach the hospitals, telemedicine empowers the healthcare providers deliver quality services that promise improved health outcomes.
7. Competitive Advantage
With the recent boom in retail clinics and urgent care centres, custom developed telemedicine platforms offer medical practices a competitive advantage. When you offer a valuable service that your patients can leverage to save them time and money, you can become more attractive and be the reason behind why they choose your practice over your competitors’.
8. Enhanced Payment Collection
Collecting payments in office can be difficult when patients don’t have the cash on hand. However, telemedicine can support increased payment collection. For instance, a patient can make payments up front with their debit or credit card before receiving services.
Telemedicine platforms can also facilitate different payment forms such as prepaid cards and accounts. This helps ensure your practice is receiving payments as the service is provided.
9. Attracting New Patients and Retaining Existing Ones
By being able to see more patients, you help increase engagement and improve the retention of your existing patients with the help of telemedicine. Even when existing patients move away, they can still use the service. You can also attract new patients, too.
More employers are also opting to offer coverage for telemedicine services as it may save money for both the company and employee. This provides additional opportunities for attracting new patients.
10. Happier Workplace
Since a high number of your patients will be using this technology, the office will not be as crowded as before. Especially in cities with longer travel distances like New York, this would even benefit the patients as well.
This helps reduce the workload for your internal staff and the stress that comes along with it. That means you’ll have happier employees who can focus and be more productive.
11. Cost Efficiency
Telemedicine services offer cost efficiency thanks to its ability to help you scale patients while saving time. A Red Quill consulting survey revealed that telemedicine services offerings saving potentials of $100 per patient visit with virtual office visiting ranging between $40 to $50 per visit.
This saves the patient money and encourages more office visits.