In recent years, Telehealth has changed the existing paradigm of care, emerging as a critical component of a solution to the current healthcare crisis and holding promise to significantly impact the biggest challenges of the current healthcare system:
- Access to care;
- Cost of delivery; and
- Better patient care quality
The use of provider to patient non-hospital telehealth saw a 1400% increase from 2014 to 2018, according to recent data from FAIR health. According to data analyzed by more than twenty-nine billion private health care claims records, the use of non-hospital based provider to patient telehealth accounted for 84% of all telehealth claims lines in 2018, compared to 52% in 2014. And the increase during that period was even greater in urban to rural areas. The age group most associated with telehealth overall was patients aged 31-40, but most of the claim lines for discharge-related provider to patient telehealth, as would be expected, were associated with individuals 51 and older.
According to the study by FAIR Health the top three reasons why individuals sought treatment from a provider via non-hospital-based telehealth, from most to least common, were acute upper respiratory infections, mood (affective) disorders, and anxiety and other nonpsychotic mental disorders. In 2018, the telehealth diagnosis with the highest rate of patients who had an in-person visit within 15 days of a non-hospital-based provider-to-patient telehealth visit for the same or a very similar diagnosis was heart failure.
With telehealth & telemedicine equipment, setup & monitoring services now being fully reimbursable services under CMS as of January 01, 2020, it is a crucial time for Telehealth, Remote Patient Monitoring, and Telemedicine companies looking to make an impact in this extremely competitive healthcare market.
With over 22 years of experience and through the development of our Healthcare Center of Excellence, OnTarget has curated a deep Industry knowledge of the current healthcare landscape and is assisting innovative B2B Telehealth, Remote Patient Monitoring and Healthcare companies with the competitive edge necessary to expand their sales pipeline.
We can help you and your company, too.
If you would like to discuss what we are doing for current clients as well as how we can help fully optimize your sales efforts in this rapidly changing landscape for 2020 please reach out to Dannah Mayo, Director Healthcare Center of Excellence, at Phone (972) 400-6750; or Email dmayo@ontargetpartners.com.
