Telemedicine Business Plan

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More than 20 million Americans received some type of remote medical care in 2017, and that number is projected to keep getting larger, according to the American Telemedicine Association (ATA).In addition, the added overhead required in some approaches to telehealth may make it less worthwhile compared to in-person visits if not offset by efficiency improvements and increased access.In a cost-sharing environment, such as an Accountable Care Organization, telehealth has greater potential for improved margins over in-person care for the same reasons it may fall short in a fee-for-service environment.The ATA estimates that there are about 200 telemedicine networks currently in operation.More than half of all the hospitals in the country now use some form of telemedicine services, and even the Veterans Health Administration is using it to reach more than a half a million vets each year."Consider how to protect your intellectual property interests and limit liability that might result from technological 'bugs,' including those that might expose patient's health information to unauthorized use, and remember that payments between parties must usually reflect fair market value in the healthcare space." Running afoul of healthcare regulations might impact your ability to share your telehealth technology with patients who could benefit from the services, so it is important to understand these regulations and the healthcare space before launching new projects.​A variety of telehealth applications can be leveraged by a pediatric medical home.So anyone looking to launch a telehealth business needs to consider the laws of the location(s) in which they will launch and whether their business will be tenable in more than one state." Jayme R.Matchinski, an attorney and member of the healthcare industry group at the law firm of Greensfelder, Hemker & Gale PC in Chicago, stresses that key considerations and issues should be addressed by any healthcare provider or other entity or individual seeking to start a telehealth business, and include a variety of issues.These tools are rapidly expanding with the advent of improved connectivity and the decreasing cost of the technology.Examples include;​As these tools become more available, it is increasingly important to assess the needs of a practice and its patients prior to implementing​​ a telehealth service.


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