2015: Is the “Year of the Telemedicine” Upon Us?

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Have you texted, web chatted or Skyped with your doctor lately? You may want to, as health professionals and digital health entrepreneurs alike are predicting great things for telemedicine in the coming year. There’s no disputing that telemedicine “went big” in 2014—with provider communication, patient engagement and care coordination products dominating the digital health space, remote care and patient-to-provider telemedicine services proliferated virtually every area of the market. This “boom,” however, is expected to intensify in 2015 with ambitious predictions already circling within the wide and wonderful world of healthcare.

According to a recent article published by VentureBeat, there are several key indicators that 2015 will be the year that telemedicine has a takeoff of epic proportions. Check out the numbers:

• As of 2016, the global telemedicine market is predicted to be $27 billion with Virtual health Services accounting for $16 billion.
• By 2018, 65% of interactions with healthcare organizations will be done via mobile devices.
• Rock Health, a San Francisco-based digital health accelerator and seed fund, estimates that $4.1 billion of new capital in 2014 was invested in digital health—up from less than $1 million in 2011 (Forbes Magazine).

With the aforementioned financial gains on the near horizon, major players in the healthcare space—such as providers and insurance companies—can expect worthwhile benefits:

• Remote patient-to-provider virtual consults have the potential to reduce the need for all in-person doctor visits by up to 93%. This translates into savings of about $103 per primary care visit and $1,067 per emergency room visit. Your wallets will be thanking you!
• 50% of all doctor visits can be conducted virtually and 70% of all electronic health record (EHR) visits can be conducted remotely.

Finally, the patient—posited at the center of care—wins in the grand scheme of telehealth, as on-demand and high quality care becomes a reality. With a vast and continuously growing population of aging Americans, proponents of virtual visits point to the advantages conferred to those lacking easy access to a doctor’s offices, namely the elderly, the frail and those in rural areas. Telehealth is certainly headed in a strongly positive direction. Will predictions prevail? Only time will tell!

SOURCES: VentureBeat and Forbes Magazine 

About DoseSpot 
DoseSpot is a Surescripts certified e-Prescribing platform specifically designed to integrate with electronic health record, electronic dental record, practice management and telehealth software. DoseSpot is certified to e-Prescribe controlled substances and has provided simple, affordable and integratable e-Prescribing solutions to healthcare IT companies since 2009. For more information, please visit www.DoseSpot.com.