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Will Telemedicine Stagnate Without Regulatory Reform?
According to a report issued by the National Center of Health Statistics, the percentage of adults who used telemedicine in the past 12 months decreased by 6.9%.As virtual care numbers come back to earth, the industry is adjusting. As Amazon consolidated and repositioned its own telehealth offerings this summer, for instance, it announced $49 pay-per-visit consults.One recent study reported on telehealth trends in U.S. hospitals – and explored opportunities and barriers to growth. Meanwhile, the American Telemedicine Association is pleading with the Centers for Medicare and Medicaid Services for expanded flexibilities and further guidance on payment and coverage.
Medigy Insights
The economics of healthcare services in the U.S. are inseparable from the regulatory and reimbursement environment. With respect to telehealth, this current environment is exceptionally complex to navigate.Ultimately, patients want to access healthcare services when, where and how it is most convenient to them. This is how we interact with most services in our lives. We shop, entertain ourselves, socialize, bank – even work, to a degree – through whichever physical or digital channels we choose, at times that we choose.This is the promise of telehealth and virtual health: massively expanded access to the point of customizable convenience. The current regulatory and reimbursement framework impedes that. Instead of a single labor market able to serve patients virtually, we have 50 localized markets.
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