Two interesting developments in telemedicine punctuated the runup to Independence Day celebrations last week. CMS proposed adding more telemedicine codes that can be reimbursement, primarily in the realm of psychotherapy and psychoanlysis. Humayun Chaudry, CEO of the Federation of State Medical Boards, said the group is readying a compact that would make it easier to practice medicine across state lines with participating states. He expects the proposal to be ready to be reviewed by state medical boards at the end of the summer.
Telemedicine startup and DreamIT Ventures accelerator grad 1DocWay works with physician networks and psychiatric hospitals to provide telepsychiatry services for Medicare and Medicaid patients. For co-founder and CEO Samir Malik, every development is reason for encouragement. Of the two proposals, the compact from the Federation would have the biggest impact, if it succeeds. Although the CMS proposal would have a negligible impact on 1DocWay’s sales, it’s certainly a positive step.