It’s no industry secret that telehealth’s use is growing. For years, the potential for telehealth has made itself known, bringing regulators and payors in alignment and seeking ways to seize on its potential.
According to a report released by Doximity, the telehealth market will expand from last year’s $38.3 billion to $130.5 billion in 2025.
While Doximity’s report focuses in on the role of the physician provider and his/ her capacity and will to provide care through telehealth, other factors are driving this growth projection.
The significance of the report is meaningful for a variety of hospitals and provider types, but perhaps more important now than ever for rural hospitals as they look for ways to shore up out-migration as a tactic to buoy struggling financials.
More important, perhaps, is the opportunity provided to patients. Getting the important care they need while staying closer to home is not only better for health outcomes, but also for families who are displaced temporarily with hotel and associated travel costs. Obviously, financial stress evolves into other forms as pressure for families, and in a world where hospitals are forced to focus more and more on extramural conditions that can affect the patient’s health beyond the hospital walls, telehealth as an ingredient in that mix is an important opportunity increasingly being recognized.
See what else Groundswell Health is working on in healthcare >>
From Whim to WeWork to Winning Awards
Lance and I started working together in 2013. It didn’t take long to discover that what we had in common
SAY LESS: Mastering the Art of Concise Communication #WhatWe’reReading
By Jovi Guerra, Communications Manager | Groundswell Health đź“– Smart Brevity: The Power of Saying More with Less Co-creators
Move Fast and Break Things is no way to Think About AI #WhatWe’reReading
By Steven Carr Communications Manager | Groundswell Health From Asimov to Heinlein to Cameron, I’ve read and watched all manner
The Business and Recent History of the New York Times #WhatWe’reReading
I’m an avid reader of news, in all forms. I particularly love newsprint still. I’m the one. It’s me. I
Medicare Advantage Headlines >>
Why Medicare Advantage Plans are Losing More Providers
Medicare Advantage plans’ excessive denials, restrictive provider networks, and contentious contract negotiations continue to increase the number of health systems
Medicare Advantage Has Become Notorious for Prior Authorization Burden
Medicare Advantage plans denied 7.4 percent of medical professionals’ prior authorization requests, or about 3.4 million requests, according to a