Telemedicine Cost Benefit Analysis

Telehealth is an innovative approach to health care that is rapidly expanding in all areas of patient care. It has been shown to be cost effective and is rapidly being integrated into everyday practices from clinics, hospitals, court systems, school systems and even the local drug store.

Telehealth is remote exchange of data between a patient and doctor that facilitate in better diagnosis of patients and monitoring typically used to support patients with long term conditions.

Telehealth has become a preferred method of healthcare delivery for many patients and healthcare professionals alike. Some key benefits include its convenience and cost effectiveness. It also allows patients to play a more active role in their own healthcare, which has been found to dramatically increase patient outcomes. While research suggests that the advantages of telehealth outweigh the disadvantages, it is important to note that not everyone would benefit from this form of technology. It is crucial for the patient’s healthcare team to assess if this method of healthcare delivery is appropriate for that individual patient. In today’s society, staying current on the latest technologies is extremely important. Although telehealth

The benefits of telehealth consultations are immeasurable; clients are able to access a knowledgeable health care professional and receive a telephone triage/assessment and recommendations. This allows the patient to have immediate access to good health advice and quicker solutions. Telemedicine is one of the many vehicles of telehealth; for example, the cardiologist orders an outpatient Holter Monitor trial to evaluate arrhythmias. The technician calls the patient at the sign of any abnormal rhythm and investigate the activity performed when the reading fluctuation then the reported is communicated to the cardiologist. If warranted, the cardiology staff will contact the patient with instructions schedule an immediate appointment. Telehealth services resources would benefit the client in this next example, an individual’s come in for a sick visit expecting a prescription to be written for their illness; they receive informative instructions because of the nature of the

In this context telemedicine and technological capability can respond to two major strands: the first is a simplification to ensure that with available technologies, all actors of a clinical path from taking care to resign, share real-time Useful information for themselves and for other professionals in order to identify and follow the best path. The second strand is the provision on the territory of technological capacities that are very developed in a hospital environment but whose deployment is quite circumscribed.

Telehealth can help reduce high cost hospital visits such as stroke cases, neonatal intensive care unit (NICU) cases and other emergencies. There have been recent initiatives that collected data to see if telehealth was a cost effective option for healthcare. One initiative, Baby CareLink, places telehealth units in homes of low-birth weight neonates.12 For this initiative, Beth Israel Deaconess Medical Center (BIDMC) in Boston installs the telehealth units in the neonates home for $2,000, and that units replaces a NICU stay of $5,000 per day.12 If a neonate was to stay in the NICU for 7 days, that would be a $35,000 expense that the $2,000 telehealth unit replaces. 12 Different disease states and emergency states will have different cost factors depending on the amount of medical care. However, the amount that a family can save on their newborn by investing in telehealth is quite significant. In a study from the Milwaukee and Iron Mountain Veterans Affairs Medical Centers (VAMC) telepulmonary program, telehealth was found to be more cost effective compared to routine care. This study was conducted over a year and telehealth had costs of $335 per patient per year compared to routine care, which was $585 per patient per year, and onsite care was also compared at $1,166 per patient per year.13 A sensitivity analysis was performed on these values, and it did show that the cost-effectiveness telehealth was dependent on successful telehealth consultation, equipment cost, and

daunting task of caring for a rapidly aging and ever expanding population1—the corollary of which is increased need for

Telehealth Introduction Telehealth is the use of technology for the exchange of health information in a two way communication from one location to another using a variety of tools or applications. Tools and applications such as smart phone devices, video conferencing, emails, and other wireless applications are used for the convenience and improvement of delivery of healthcare. It has the advantage of connecting healthcare personnel and primary care provider with patients and provides knowledge through the network system regarding patient care and monitoring (Katzman, 2013). Telehealth is a cost effective way for the Advanced Nurse Practitioners (ANP) to have the ability to reach a wider geographical area and broader populations.

An example of telemedicine we have at the hospital I work at is the Radiologist reading CT scans, X-rays, MRI's right from their homes. The Radiologist that is

Telehealth is defined as a form of conferencing that connects patients and health professionals through technology, providing an array of services such as diagnosis and assessment, medication management and individual therapy (L'Abate, 2015). Telehealth is associated with many advantages such as including improved accessibility, flexibility relating to personalisation and reduced costs (L'Abate, 2015). However, the effectiveness of telehealth has become more prominent in recent years in its ability to successfully provide basic health care to those who have restricted access to health services, thus offering new opportunities of individuals to meet health standards, increasing their health status. In Australia, those in rural and remote geographical

The delivery of health care has always been influenced by technological developments and innovations. This is particularly true in modern health care professionals where they are obsessed with technology and rush to apply them. One of the most recent applications of ICT – Information and computer technology- is telehealth. Telehealth is the use of communication, diagnostic and information technology to provide health care when patients and providers are geographically separated [2], Technologies include videoconferencing, the internet, store -and-forward imaging, streaming media, terrestrial and wireless communications. Telehealth could be as simple as two health professionals discussing a case over the telephone or as

Telemedicine is similar to Telehealth. Telehealth refers to a broader scope of remote healthcare service but Telemedicine refers specifically to remote clinical services. Telehealth can also refer to remote non-clinical services. For example provider training and meetings (link 3). In the past the network is not as fast as now, thus telemedicine is only use in clinical services. Now, due to the development of network, more information can be transferred in a shorter period, thus Telemedicine can be to provide other non-clinical services. The word “Telehealth” refers to both clinical and non-clinical services.

The economic impact of telehealth is a critical factor to examine when looking at the feasibility of incorporating such technologies into practice. Exploration of economics is also essential as it has been posited that telehealth has the potential to deliver care to individuals that is cost saving in nature (Wade, Karnon, Elshaug, & Hiller, 2010). Furthermore, the estimated expenditure on telehealth services and technology is expected to reach into the billions of dollars (Berger, 2010). However, there are myriad individual elements that may be considered in the broad subject of economics, which complicates determining the economic impact in a parsimonious way (Bergmo, 2009; Wade, et al., 2010).

There are several forms of technology that is used to monitor, assist patients with self-care management, assist physicians with delivering care to their patients, including consultation with specialist, and overcoming barriers with transportation. “60% of the healthcare executives, physicians, and nurses in this inaugural survey said that telemedicine was a high priority for 2015“ (Vockley, 2015, para. 7) Telemedicine

Telemedicine is the use telecommunications and information technology to provide healthcare to patients located in the remote or distant locations. For example: people staying in the mountainous areas or islands can get medical services right at their home with the help of smart devices or patients who cannot go to the hospital for some reason.