Telemedicine In A Reimbursement Capacity Case Study

With the growing telemedicine trend there is an increased focus on how to reimburse for these types of patient services, which differ from state to state due to each state 's varying laws, regulations and policies. 2 The current healthcare payment structure in the United States is fee-for-service which makes it imperative for healthcare professionals to use correct codes for proper reimbursements with Medicaid, Medicare and private insurance providers.

Telemedicine is relatively new to the healthcare industry and it has come about by providers taking advantage of the technology available to them today and the advancements of what we have at our fingertips. The use of Telemedicine generally means an inpatient in a hospital will receive a quicker evaluation and treatment for a stroke, or a patient at home with a fever and apparent strep throat will not have to come in to a clinic to be seen in person. It is no secret that American’s are busier now than they have ever been and with the use of Telemedicine patients are able to get quicker care by a professional. Throughout this paper we will look at many facets of Telemedicine from an inpatient in a hospital to a busy mom with a nagging sinus infection who both need

Our world is rapidly changing. Humankind is constantly creating new inventions that will be of benefit to us. One invention is one that will change the medical industry known as telemedicine, the Greek “tele-” meaning “to or at a distance.” This word can be directly translated to “medicine at a distance.” Telemedicine provides many benefits as well as drawbacks to the medicinal world, but it can hopefully pave a path for engineering and medicine.

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

Telemedicine has provided better access to health care to many individuals that would otherwise not be able to get required health care services. Telehealth is a means to improve access to care, while reducing costs of transportation and increasing accessibility to patients in obtaining care. Telemedicine allows for healthcare information to be shared with treatment team members that are separated miles from each other with the ability to communicate in a timely manner. For information technology to impact care, one has to be knowledgeable about the use of technology

Telemedicine seeks to improve a patient’s health by permitting a two-way communication between the patient, and the physician or practitioner at the distant site.

In today’s time, the Internet is really altering the way us Americans intermingle with the healthcare system. The Internet is making consumers more desirable to use it, in hopes for more opportunities. With the help from the Internet, telemedicine is becoming one of the best cultivating advanced technology in healthcare right now. Telemedicine can be defined as the use of medical information that is exchanged from one site to another (americantelemed, 2012). This process utilizes technology and digital communication in order to help patients’ progress. Important aspects of telecommunication include video, email, mobile devices, and more. So, in a nutshell telemedicine allows patients to communicate with their assigned physician about any

To improve patient compliance with care plans a telemedicine pilot project is taking place with patients who cannot access care due to their inability to travel to their primary care physician’s office due to physical limitation. Rather than attempt travel, a telemedicine appointment will take place with a primary care provider at the Providence Physician Group. The Providence group was chosen out of the three largest primary care groups in the area because they have the most patients enrolled in the MIH/CP program. Also, Providence has system wide implementation of Epic EHR on a single instance which means that all their electronic health records are transferrable amongst providers across the entire Providence network. Primary care providers,

For an established patient with a new or developing condition, for telemedicine to be used they must seek a follow-up with an in-person physician at a site other than the established medical site. If the symptoms of the patient persist the distant site provider is not allowed to administer care if the patient has not had a follow up with a

Although, patients are the beneficiary of the technology of telemedicine for having access to care anytime, anywhere at wherever he or she may lives regardless whether he or she has healthcare coverage or health care insurance. The benefit is patient can receive medical information about a condition without going to doctor office for a consultation that require payment or health insurance. It is well known why patient delay care or for no show up for appointment always relates to the cost of seeing a doctor for not having health insurance or money to pay for medical service, that may require a patient to pay for percentage before a patient can receive care. In addition, to paying for a copayment for a minimum of $20 out of pocket expenses to receive medical service.

Most advances of telehealth in the medical field have taken place in the last twenty to thirty years. A great progression of telehealth was the introduction of telemedicine, which include teleradiology and telepathology. As further fields joined the telemedicine platform, telehealth use facilitated even more healthcare providers to retrieve information regarding their patients, irrespective of the distances between themselves and the patients, and in settings other than traditional healthcare locations. Quick transmissions, clearer imaging, and precise duplication of data from distant sites to a central center, was only attained after decades spent perfecting the technology. The outcomes of telehealth interactions today have aided to assure that professionals can duplicate the normal clinical communications in all specialties notwithstanding the separation gap involved in the interaction, whether operating off location or directly with patients (McGonigle and Mastrian, 2015, p. 316-317).

It is imperative that we establish an affordable healthcare system that reaches everyone regardless of their location, and I propose that technology is the pathway to the solution. It is no secret that technology plays a huge role in the evolution of industry, especially healthcare. Go to any hospital and you will see technology everywhere: from the computers at reception desks to MRI machines to even robot surgeons. Technology is being used to revolutionize the healthcare industry. Recently, numerous technological advances have made their way to the industry to combat the healthcare crisis, and one such advancement is the use of technology to evaluate, diagnose and treat patients remotely. This method of care is called telemedicine, and it

Telemedicine allows a patient to have an office visit with a specialist located in another institution. This innovative technology allows institutions share their knowledge with health care providers who live in rural areas. Patient also have the opportunity to travel less and pay less for health care services.

Despite the recent hullabaloo, telemedicine is hardly a novel concept – by their loosest definition, telemedical practices emerged more than a century ago. (The prefix tele, derived from the Greek telos, implies “distance”; telemedicine literally means “medicine at a distance.”) During the Civil War, medical supplies lists and casualty reports were transmitted over Western Union 's burgeoning telegraph network. The telephone was adopted early by physicians who used it to conduct consultations. And by World War I, medics regularly relied on radio communication to impart

Our telemedicine company's PE ratio is high and may indicate investors' expectations about the company's earnings potential. With a higher PE, investors have high expectations for our telemedicine’s future growth. Our fast-growing company has a higher PE ratio than with a mature company so our company will need to increase its revenues in order to maximize its value. To do this they will need to increase the volume of patients and activities to maximize its profits in a firm equilibrium, where our average cost is at minimum and the marginal cost and marginal revenue are equal. To increase sales that will result in profits, there must be a market for increased telemedicine and the company must keep its overhead costs properly controlled