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Rising Health Costs During Retirement & The Role of Telehealth

Posted by Patrick Stevenson on Wed, Oct 26, 2016 @ 03:40 PM

Rising healthcare costs are continuing to affect a majority of patients across the country. In particular, the aging population routinely incurs the highest healthcare costs due to their multiple chronic conditions that require time and money to receive proper care and management. Although it may seem shocking, experts say that as the prices continues to rise, the average retired American couple should plan on spending at least a quarter million dollars on their healthcare costs.

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Topics: CCM, telehealth, aging

6 Statistics You Should Know About Telemedicine

Posted by Patrick Stevenson on Mon, Oct 17, 2016 @ 09:53 AM

 

It’s no surprise that telemedicine is gaining popularity in the healthcare industry and now there are statistics to back up the value of these expanding services. Telemedicine offers a convenient, integrated experience for patients who wish to remain in their homes or prefer to speak with healthcare professionals over the phone.

To show the overall success of telemedicine, Jackson Healthcare gathered data and surveys on a wide range of topics relating to U.S. physicians, including virtual services. Jackson Healthcare’s new “Physician Trends 2016 Report,” provides healthcare professionals with 12 statistics everyone should know about the growing telemedicine market.

We’ve examined the report and highlighted the top six most interesting statistics you should know.

  1. The market value is set to hit $36.2 billion by 2020, up from $14.3 billion in 2014”

As telemedicine services continue to expand, so do the number of healthcare professionals and companies offering these virtual visits. Telemedicine has proven it can be successful in saving healthcare money by reducing expensive and unnecessary hospital readmissions and emergency department visits. By saving patients, providers, and insurers’ money, it’s no surprise that the market value is expected to grow by 2020.

  1. “29 states and the District of Columbia currently uphold laws mandating health plans cover telemedicine services

During the last year, there has been a fair amount of scrutiny surrounding the reimbursement challenges that telehealth providers face, and the resulting lack of telemedicine adoption. Now, more than half of the states in the United States are covering telemedicine services. It is only a matter of time before reimbursements are no longer an issue and a majority of states offer these services.

  1. By 2017, about 70 percent of employers plan to offer telemedicine services as an employee benefit

 This statement proves that telemedicine is no longer just part of healthcare systems. The expansion into companies in the form of a benefit are allowing employees to receive care in a more convenient way if they do not have time to attend a formal doctor’s appointment. 

  1. “57 percent of primary care physicians are open to holding appointments with patients via video
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Are Your Patients Taking Their Medication Properly?

Posted by Patrick Stevenson on Fri, Oct 07, 2016 @ 03:50 PM

It is becoming more common that Medicare beneficiaries across the country are skipping their medication or taking them irregularly. Experts cite that this is due to drug prices continuing to rise, while elderly Americans’ fixed income remains the same. With the rise of medication prices, Medicare patients face the tough decision of continuing to pay an out-of-pocked cost of around $400 a month or not adhere to their recommended treatment plans. Unfortunately, many of these medications that patients cannot afford are vital to their health and well-being.

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Topics: Chronic Care Management, healthcare costs, aging

The Value of CCM: Interview with a Wellbox Care Coordinator

Posted by Krista Sultan on Tue, Sep 20, 2016 @ 10:42 AM

 

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Topics: CCM

Evaluating Medicare’s 15-minute Doctor’s Visits: Time for a Change?

Posted by Patrick Stevenson on Fri, Sep 16, 2016 @ 02:27 PM

In 1992, Medicare made the decision that a typical doctor’s visit length should be 15-minutes. In an attempt to reduce the variability in physician fees, Medicare adopted the “relative value unit” (RVU) formula as a way to calculate these fees and promote consistency.

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Topics: Patient Management, Doctors, Medicare

Study Shows Strong Doc-Patient Relationships Reduce ED Visits

Posted by Patrick Stevenson on Thu, Sep 08, 2016 @ 09:54 AM


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Examining Medicare’s Value-Based Insurance Design (VBID) Model: What You Should Know

Posted by Patrick Stevenson on Fri, Aug 26, 2016 @ 09:04 AM

 

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Topics: CCM, Medicare, Value-based care

Wellbox Patient Stories: Highlighting CCM’s Effectiveness

Posted by Patrick Stevenson on Wed, Aug 17, 2016 @ 01:42 PM

For this week’s blog post, we decided to spotlight two patient stories where CCM made an actionable difference in an individual’s health and overall wellbeing.

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Topics: Patient safety, Chronic Care Management, telehealth, care plans

mHealth Intelligence Spotlights Wellbox Patient Satisfaction Survey

Posted by Patrick Stevenson on Tue, Aug 02, 2016 @ 09:37 AM

In case you missed it, last week mHealth Intelligence wrote a terrific article discussing our recent Patient Satisfaction Survey related to Medicare’s Chronic Care Management (CCM) Program. The author, Eric Wicklund, describes the positive patient response to our Wellbox CCM service while also discussing the immense potential that the program holds in terms of additional practice revenue and clinical outcomes.

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Topics: HIT, CCM

Healthcare Spending Rises with Aging Population: CCM is Here to Help

Posted by Patrick Stevenson on Mon, Jul 25, 2016 @ 09:30 AM

With the push to cut costs and maximize the value of each treatment, the healthcare industry has long been seeking to answer the question: Where are we spending so much money? At last estimate healthcare spending is set to raise 6% from 2015 to 2025, with many pointing to the expanded coverage under the Affordable Care Act as a possible answer. 

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Topics: population health management, Chronic Care Management, healthcare costs, aging

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