Saturday, January 7, 2017

Teladoc Sets Industry Record, Surpassing 2 Million Telehealth Visit Milestone

Business Wire reports a 100% growth rate for Teladoc from 2015 to 2016. Teladoc makes some interesting claims in terms of cost savings.

Teladoc makes some interesting claims;

"Teladoc’s accelerating utilization fuels the company’s track record of driving meaningful savings for clients and the overall healthcare industry. Based on a recently completed, comprehensive study performed by Veracity Analytics, this two million visits milestone translates into more than $900 million that it is estimated Teladoc has saved its clients, and the American healthcare system, since its inception."  Without knowing the details for comparison it is difficult to accept their numbers.

The continued growth of utilization and associated savings will be significant to the healthcare market as telemedicine continues to take off. This new and enhanced study is based on analyses of multiple external, independent case control, episode of care studies to predict ER cost avoidance in a highly accurate and dependable way. They compare the cost of an emergency department visit to that of a telehealth consultation.  Emergency department charges are dis-proportionally high when compared to a routine office visit.

Their claim of saving $ 900 million dollars may be exaggerated. 
Teladoc, Inc. is the nation’s leading provider of telehealth services and a pioneering force in bringing the virtual care visit into the mainstream of today’s health care ecosystem. Serving some 7,000 clients — including health plans, health systems, employers and other organizations — more than 17 million members can use phone, mobile devices and secure online video to connect within minutes to Teladoc’s network of more than 3,100 board-certified, state-licensed physicians and behavioral health specialists, 24/7.
Teladoc offers the industry’s most comprehensive and complete telehealth solution including primary care, behavioral health care, dermatology, tobacco cessation and more.

Regardless of their self-agrandizement readers must recognize the potential and acceptance by patients of this clinical encounter.  Legislation will catch up with reality.  Telehealth is a disruptive technology.

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