by Internet Medical Society
Electronic communication has influentially penetrated in healthcare and has a great impact on patient care. It has incredibly changed the way physicians and patients interact, especially telemedicine. In a recent report by Winter Green Research, Inc., a market research firm based in Lexington, Mass. it is predicted that the market for telemedicine software and devices will increase 736 million in 2011 to $2.5 billion in 2018 and the numbers seem to be progressing as expected.
This patient care transition has made medicine available to regions which are void of adequate healthcare infrastructure. Telemedicine employs a multitude of modern technologies to transmit information via audio, video, text, or images that ultimately leads to better healthcare. Patients can connect with healthcare specialists half way round the globe, email MRI scans or arrange a video conference for diagnosis. All that’s needed is - an internet connection.
Interestingly, it is now possible to distantly monitor the glucose levels or blood pressure of a clinic’s patients through a computer screen. Telehealth has raised the horizons for regions without adequate healthcare infrastructure. It helps under-staffed clinics and undertrained practitioners to deliver effective medical care through expert assistance.
The benefits are unlimited. They extend from patients to care givers, financers, and various other aspects related to treatment procedures. There is a drastic cost reduction. Telemedicine offers cost savings as patient and provider travel expenses (that usually amount on the higher side) are immensely reduced. It can provide an opportunity for more productivity for physicians to provide patient care remotely than commuting to multiple clinic or hospital locations — resulting in more patients treated by physicians. Additionally, it provides a second line of training to junior physicians almost free of cost.
The global telemedicine market is expanding at an exponential rate. Geographic analysis of telehealth oriented developments show major influences in some areas of the world. A number of factors spur the growth of telemedicine and other related e-health services to ensure better quality patient services across the globe. Masses are becoming more aware about healthcare conditions and demand high-quality care, medication and attention.
Telehealth relies partially on the information available on healthcare networks provided by EMR infrastructures that are incorporated in global health measures. The healthcare information exchange is in its infancy years on the international boundaries and is sure to capture a larger market in the coming years. More importantly, telehealth will depend on acceptance of technology by the patient and physician community, as well as the payers, such as insurance, private insurers, and government agencies. The changes resulting from telehealth such as lower costs, lower revenues, different business models, different reimbursement models, and quality of care challenges will need to continue to be addressed over time, just as value-care initiatives are presenting to the overall healthcare systems.
Lifecycle Health has taken the initiative of telehealth seriously and encourages extensive participation making quality healthcare approachable. We have accepted this concept of patient care transition and promote value care and bundled payment models to quench this desire for lower healthcare costs.
The Lifecycle Health bundles telehealth video capabilities with other remote patient care features such as episode care protocols, secure messaging, automated patient care workflows and engagement, patient monitoring and automated provider notifications, provider-to-provider collaboration, patient outcome tracking, and patient/population analytics. This broad integrated solution provides a single, cloud and mobile enabled platform for providers and patients to easily adapt and expand their remote and automated patient care management over time.
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