Electronic communication has influentially penetrated in healthcare and has a great impact on patient care. It has incredibly changed the way physicians and patients interact, especially telemedicine. In a recent report by WinterGreen Research, Inc., a market research firm based in Lexington, Mass. it is predicted that the market for telemedicine software and devices will increase 736 million in 2011 to $2.5 billion in 2018 and the numbers seem to be progressing as expected.
This care transition has made medicine available to regions which are void of adequate healthcare infrastructure. Telemedicine employs a multitude of modern technologies to transmit information via audio, video, text, or images that ultimately leads to better healthcare. Patients can connect with healthcare specialists half way round the globe, email MRI scans or arrange a video conference for diagnosis. All what’s needed is – an internet connection. Interestingly, it is now even possible to distantly monitor the glucose levels or blood pressure of a clinic’s patients through a computer screen. Telehealth has raised the horizons for regions without adequate healthcare infrastructure. It helps under-staffed clinics and undertrained practitioners to deliver effective medical care through expert assistance.
The benefits are not limited. They extend from patients to care givers, financers, and various other aspects related to treatment procedures. There is a drastic cost reduction. Telemedicine offers cost savings as travel expenses (that usually amount on the higher side) are immensely reduced. Additionally, it provides a second line of training to junior physicians almost free of cost.
The global telemedicine market is expanding at an exponential rate. Geographic analysis of telehealth oriented developments show major influences in some areas of the world. A number of factors spur the growth of telemedicine and other related e-health services to ensure better quality patient services across the globe. Masses are becoming more aware about healthcare conditions and demand high-quality care, medication and attention. Telehealth relies on the information available on healthcare networks provided by EMR infrastructures that are incorporated in global health measures. This healthcare information exchange is in its young years on the international boundaries and is sure to capture a larger market in the coming years. Lifecycle Health has taken the initiative of telehealth seriously and encourages extensive participation making quality healthcare approachable. We have accepted this concept of care transition and promote value based care and bundled payment models to quench this desire for lower healthcare costs.
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