Digital healthcare is predicted to revolutionize the healthcare industry. In a report published June 2015, analysts at Goldman Sachs are predicting $305 billion in savings for the healthcare industry in the near future as a result of an increase in digital healthcare. The group reports a large portion of the opportunities for the savings stem from increased access to diagnostic, treatment, and preventative care via telehealth.1
For those still not familiar with the term, the U.S. Health Resources Services Administration (HRSA) defines telehealth as a broad scope of remote healthcare services that can be supported by electronic information and telecommunications technologies such as videoconferencing, the Internet, and mobile devices.2 The Goldman Sachs’ report found, “a number of large integrated delivery networks (IDNs) using remote monitoring and telemedicine to drive patient compliance, monitor developing conditions, and adjust treatment paradigms.” It goes on to say, “These findings gave us confidence that digital health technology carries merit and is starting to find a place in larger systems, which could percolate throughout the system in the future.”
Another study, carried out by the market intelligence firm Tractica, predicts telehealth video consultation sessions will increase from almost 20 million in 2014 to 158 million a year by the year 2020. While clinical consultations currently represent the majority of types of conferences, Tractica’s forecast indicates the largest increase will be in non-clinical video consultations such as routine care, chronic condition management, and follow-up care. “While many elements of digital and mobile health technologies are still emerging, the market for telehealth video consultations (TVCs) is one that has a firm foothold and is poised for strong and stable growth in the coming years,” states the report.3
In Support of the Telehealth Movement
This week, the state of Illinois joined ten other states in adopting the Interstate Medical Licensure Compact. The Compact “expedites the licensure process for qualified physicians by reducing barriers to becoming licensed in multiple states and jurisdictions.”4 Multi-state licensure is valuable to the expansion of telehealth services because it provides collaboration between states to share physician disciplinary records and allows an expedited licensing process. To qualify, physicians need to be previously licensed, a graduate from an accredited medical school, have a clean criminal record, and no disciplinary actions.
The American Medical Association (AMA) has pledged support for the development of the Compact by the Federation of State Medical Boards (FSMB) as it makes the process of meeting requirements to practice in multiple states easier for physicians. More and more physicians are seeking multi-state licensure to be able to participate in telehealth patient care.5
Credentialing for Telehealth
With the increase in telehealth comes an increase in credentialing for the medical staff who will be providing care for patients at multiple hospitals. IntelliCentrics can ease the administrative burden for your facility while improving patient safety. Since the physician’s credentials follow the physician, you will not be left to make decisions based solely on the distant-site facility’s credentials, but rather on the comprehensive credentials picture provided through . Trust our intelligent concentric circles of security to deliver the highest levels of compliance even with the complexity of telehealth credentialing.