Telemedicine has grown dramatically in the past few years. Not only has it provided benefits to consumers, but it’s now proving to address a hospital’s key objective: boosting the bottom line.
Telemedicine has grown dramatically in the past few years. Not only has it provided benefits to consumers, but it’s now proving to address a hospital’s key objective: boosting the bottom line.
The research looked at 16 hospitals’ billings before and after they implemented telemedicine tools. The results were astounding. Before the implementation of telemedicine, the 16 hospitals recorded 143 transfer patients. After deployment the number jumped to 285. Transfers didn’t just soar, so did revenue, going from $2.4 million beforehand to $4 million afterward.
