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How Hospitals Are Reducing Medical Costs with Telehealth

American Well

Interest in telehealth has reached an all-time high, with many of the most prestigious health systems in the U.S. Out of all the reasons health systems are implementing telehealth, however, reducing medical costs is one of the largest driving factors. Telehealth could save as much as $6 billion annually in U.S. healthcare costs.

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How Hospitals Are Reducing Medical Costs with Telehealth

American Well

Interest in telehealth has reached an all-time high, with many of the most prestigious health systems in the U.S. Out of all the reasons health systems are implementing telehealth, however, reducing medical costs is one of the largest driving factors. Telehealth could save as much as $6 billion annually in U.S. healthcare costs.

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Global Home Health Hubs Strategic Market Report 2023: Market to Reach $7.9 Billion by 2030 – Increased Emphasis on Remote Patient Monitoring Creates Fertile Environment for Growth – ResearchAndMarkets.com

Digital Health Global

The healthcare market encompasses a diverse range of segments, including Standalone Hubs, Mobile Hubs, Services, High-Acuity Patient Monitoring, Medium-Acuity Patient Monitoring, Low-Acuity Patient Monitoring, Hospitals, Payers, Home Care Agencies, Nursing Homes & Assisted Living Facilities, and Home Health Hubs.

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In Memoriam, Bob Waters

LinkousThink

Waters, JD, the founder of the Center for Telehealth and eHealth Law and a long-time leader in telemedicine. In 2005, he received the ATA’s Leadership Award for the Advancement of Telemedicine and he was among those named as an ATA Fellow in the inaugural class in 2009.

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5 payer trends to watch in 2018

Henry Kotula

A recent KLAS Research and the College of Healthcare Information Management Executives survey found that reimbursement remains the main barrier to telehealth expansion , but Krishna said virtual care will play a bigger role in the coming year, including for initial consultations and follow-up visits that don’t require an onsite doctor visit.

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Payer, provider trends to watch in 2019

Henry Kotula

Effusive digital health funding and increases in mobile and telehealth services show no signs of abating, and neither does general M&A activity. A 2017 report from the Rural Broadband Association found that telehealth services were associated with an annual cost savings of $20,841 per U.S. hospital on average.