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Trends in Retail Health Clinics  and telemedicine
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Global Telemedicine Market to grow From $14.3B 36B by 2020

Global Telemedicine Market to grow From $14.3B 36B by 2020 | Trends in Retail Health Clinics  and telemedicine | Scoop.it

According to a new market report published by Transparency Market Research “Telemedicine Market [Specialty (Cardiology, Dermatology, Neurology, Orthopedics, Emergency Care, Internal Medicine, Gynecology, and Others) and Services (Tele-Consultation, Tele-Monitoring, Tele-Education, Tele-Training, Tele-Care, and Tele-Surgery)] – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020,” the global telemedicine market was valued at USD 14.3 billion in 2013 and is expected to grow at a CAGR of 14.3% in the forecast period from 2014 to 2020, to reach an estimated value of USD 36.3 billion in 2020.


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Study: Telemedicine Improves Chronic Disease Management

Study: Telemedicine Improves Chronic Disease Management | Trends in Retail Health Clinics  and telemedicine | Scoop.it
A study recently published in the journal Telemedicine and e-Health finds that telemedicine reduced readmissions, length of hospital stays and mortality for patients with certain chronic diseases.

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Survey: Four years ago half of baby boomers were interested in texting, video conferencing for health

Survey: Four years ago half of baby boomers were interested in texting, video conferencing for health | Trends in Retail Health Clinics  and telemedicine | Scoop.it

As a group, about 35 percent of baby boomers were interested in using their smartphone to learn about and better manage their own health, according to results from a survey conducted by academic researchers in late 2010. The survey, which consisted of responses from 469 consumers, 258 of which are baby boomers, only published its findings this month.


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Is the average patient ready for telehealth? (Infographic)

Is the average patient ready for telehealth? (Infographic) | Trends in Retail Health Clinics  and telemedicine | Scoop.it
iTriage infographic presents new research on people's awareness and use of telehealth and telemedicine services.

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Investors weigh in on telemedicine model options

Investors weigh in on telemedicine model options | Trends in Retail Health Clinics  and telemedicine | Scoop.it

Looking over the year’s telemedicine deals, it seems like investors are hedging their bets. Although tools supported by employer plans have dominated, direct to consumer models are proving attractive too, as have more specialized business to business services. I spoke with a handful of investors to get their perspectives.

Based on their feedback, the consensus is with business to business to consumer solutions demonstrated by companies like TelaDoc and MD Live. Telemedicine provided through employer wellness funds makes sense to investors. It offers a way for employers to save money on unnecessary emergency room visits. Staff can access these video consults either through kiosks àla HealthSpot or from a smartphone or computer without missing work. But it’s the future that’s intriguing.

Some factors that could swing the balance in the coming years rest on the physicians’ comfort level with this technology. Along with the ability to attract and keep more board certified physicians or successfully get reimbursement, how does the physician come across to the patient on the other side of the computer, mobile device, etc? Are they smiling? Are they comfortable with the technology? How effective are they at directing patients or another medical professional with the patient in using bluetooth devices to get specific readings? How is data from the session integrated into the patient’s EHR?

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There have also been some barriers impeding growth. Ezra Mehlman of Health Enterprise Partners pointed  out that the inability to grow small businesses has historically posed a big barrier to entry in the market. “Regulations that impede interstate consults have made it very complicated for small businesses to grow, although the regulatory environment has been changing. Also, it’s hard for companies to pay physicians enough to take video calls from home and a lack of a compelling revenue models to interest physicians.”

Here is an overview of some of the telemedicine models and services that investors highlighted

Business to business to consumer

Cambia Health Solutions, Rob Coppedge, senior vice president, strategic investment and corporate development,

“B2b models such as Teladoc and MD Live have rightly attracted considerable attention. However, the increasingly “retailization” of the market via high deductible plans, HSAs, defined contribution, and generational shifts, should increasingly change this dynamic and we will see more individuals optimizing for convenience and access outside of the context of their insurance provider’s network as a means to moderate costs.”

Health Enterprise Partners, Ezra Mehlman, vice president

“The data we have seen suggests that when a company plan, self-insured employer or hospital is picking up the bill, utilization [of telemedicine] is higher…I think there is a higher willingness for patients to use the service when it is no skin off their back.”

Direct to consumer

Skip Fleshman, Asset Management Ventures partner supports this model as a backer of HealthTap. Factors like the caliber of doctors it has been able to attract is a significant point going in its favor, said Fleshman. “Where the rubber meets the road is what kind of physicians will you attract? That is where models like HealthTap make more sense.”

And yet, he wonders how much consumers will be willing to pay from their own pocket. Although some companies have focused on providing second opinions for diagnoses that require surgery or a complex treatment regimen like cancer, Fleshman says most people trust their doctors.

Some big names have gotten behind direct to consumer models specifically Doctor Phil’s Doctor on Demand, which recently added Richard Branson the founder of Virgin group, as an investor.

Coppedge: “In the long run as attitudes shift and individuals become more accountable for their own health (the analogy would be a car owner being responsible for their own maintenance) we think we will see some big winners emerge in the D to C space,  at least for primary and urgent care.  This trend may be accelerated in places like New York City, San Francisco, Los Angeles, Seattle, and Portland but it may take five to 15 years for most of the country,” he said. “The winners when the D to C opportunity really emerges may not be the high-profile venture-backed companies making headlines today but rather the folks who already have strong consumer healthcare brands like Walgreens, CVS, Walmart, WebMd, J&J and the some of the leading and well-regarded health systems.”

Mehlman said the direct to consumer space makes sense as part of a concierge service for primary care and may prove an attractive option as consumers face higher deductables. On the other hand, it depends on how they value the perceived benefit from this service. Would they prefer to spend their money on healthcare or allocate it on sexier options?

Specialty areas

Telepsychiatry and teledermatology are a couple of examples of telemedicine specialties that have gained more acceptance. These companies are split between services offered to and through providers and direct to consumers. 1DocWay provides its telepsychiatry service through psychiatric hospitals supported by physician networks and works within the reimbursement parameters of Medicare and Medicaid.  Teledermatology companies such as Iagnosis’ Dermatologists on Call have relied more on the direct to consumer market. In addition to the convenience factor, embarrassment is a strong motivator for this care delivery approach, particularly when it involves a rash associated with a sexually transmitted disease.

Another area where telemedicine is provided through a hospital is interpretation services for non-English speakers.  Mehlman pointed to InDemand Interpreting, a company backed by Health Enterprise Partners. Interpreters work from video call centers and offer services in more than 13 languages and signing for deaf patients.

Provider based solutions Hospitals and health systems such as University of Pittsburgh Medical Center and Mayo Clinic are offering video consults with patients. Although the consensus is that it’s early days to determine how successful this approach will be, it raises some interesting questions about the directions it will take, such as specialty areas. Several institutions are already providing telemedicine services to other hospitals through teleICU and telestroke. It also will be interesting to see whether patients put more trust in services originating from hospitals, rather than a vendor in the longterm.




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CVS Doubles Up Walgreen In Hospital Deals As Obamacare Pushes Collaboration

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Telemedicine From Mayo Clinic - YouTube

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Funding Allows Telemedicine Firm to Grow and Chase Goals

Funding Allows Telemedicine Firm to Grow and Chase Goals | Trends in Retail Health Clinics  and telemedicine | Scoop.it
Reston, Washington-based telemedicine firm Avizia Inc. split from Cisco Systems Inc.

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FSMB Webinar on Telemedicine Policy Guidelines/Physician Licensure Compact

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The Virtual Primary Healthcare Revolution: What Health Systems Need To Know

The Virtual Primary Healthcare Revolution: What Health Systems Need To Know | Trends in Retail Health Clinics  and telemedicine | Scoop.it
The rise of on-demand primary care.(The Virtual Primary #Healthcare Revolution: What Health Systems Need To Know http://t.co/yTxzI5zI95 #mHealth #eHealth)...
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Telemedicine market - global industry analysis and forecast to 2020

Telemedicine market - global industry analysis and forecast to 2020 | Trends in Retail Health Clinics  and telemedicine | Scoop.it
Telemedicine Market - Global Industry Analysis and Forecast to 2020.E-health is a process of delivering healthcare and health resources by electronic means. It helps healthcare providers and patients to interact with each other with the help of electronic media.

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American Institute Health Care Professionals's curator insight, August 22, 9:49 AM

Great news for telemedicine and healthcare Information Technology.   Big global industry analysis and forecast news for 2020 and beyond.   Healthcare IT news. 

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Companies in fight for ‘concierge medicine’ market

Companies in fight for ‘concierge medicine’ market | Trends in Retail Health Clinics  and telemedicine | Scoop.it
Two companies are battling in court over the Greater Boston market for premium health care services known as “concierge medicine.”

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Art Jones's curator insight, August 22, 12:50 PM

Creating a multi tiered healthcare system.

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New VA head could go big on telehealth

New VA head could go big on telehealth | Trends in Retail Health Clinics  and telemedicine | Scoop.it
Former Procter & Gamble CEO Robert McDonald was unanimously confirmed by the U.S. Senate as new Veterans Affairs secretary secretary on Tuesday, just as a new VA overhaul bill gives a substantial push for new health IT initiatives at the troubled agency.
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Telemedicine in Clinical Trials Highlighted at Upcoming Conferences

Telemedicine in Clinical Trials Highlighted at Upcoming Conferences | Trends in Retail Health Clinics  and telemedicine | Scoop.it
Telemedicine in #ClinicalTrials Highlighted at Upcoming Conferences http://t.co/lp78FGf18B #mhealth

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mHealth Program to Start Serving Mothers in India's Largest Slums

mHealth Program to Start Serving Mothers in India's Largest Slums | Trends in Retail Health Clinics  and telemedicine | Scoop.it
RT @JNJGlobalHealth: Learn how #mHealth is helping women in Mumbai get the #maternalhealth care they need. http://t.co/BwwoV0NECn @MAMAGlob…
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Telemedicine Doesn't Define Me, It Enables Me

Telemedicine Doesn't Define Me, It Enables Me | Trends in Retail Health Clinics  and telemedicine | Scoop.it
Dr. Alan Pitt shares three recent examples of innovative telemedicine in Arizona, emphasizing their transformative effect on health care.

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Jack Christiana's curator insight, September 8, 7:06 AM

Our biggest challenge is to communicate to organizations that video conferencing can really be transformational.

 

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TTC = Mobile Solutions for Social Change

TTC = Mobile Solutions for Social Change | Trends in Retail Health Clinics  and telemedicine | Scoop.it

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The explosive growth of mobile communications in emerging markets offers amazing potential.

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Allegheny Valley Hospital Implements Telemedicine

Allegheny Valley Hospital Implements Telemedicine | Trends in Retail Health Clinics  and telemedicine | Scoop.it
“ According to WESA, Allegheny Valley Hospital has implemented telemedicine practices by allowing paramedics response units to use iPads to connect patients to”
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Walmart Offers Health Care for $40

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Telepsychiatry and Telemedicine Used in North Carolina

Telepsychiatry and Telemedicine Used in North Carolina | Trends in Retail Health Clinics  and telemedicine | Scoop.it
The Coastal Carolina Neuropsychiatric Center began offering telemedicine and telepsychiatry services in 2010, according to JDNews. It’s a type of two-way video conference over a secure line where a doctor can assess a patient from a remote location.

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Doctor-patient video visits to triple to 16 million next year | mobihealthnews

Doctor-patient video visits to triple to 16 million next year | mobihealthnews | Trends in Retail Health Clinics  and telemedicine | Scoop.it

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Expanding Healthcare Access with Telemedicine -

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The New Face Of Healthcare Innovation: 7 Ways Telemedicine Changes The Healthcare Landscape

The New Face Of Healthcare Innovation: 7 Ways Telemedicine Changes The Healthcare Landscape | Trends in Retail Health Clinics  and telemedicine | Scoop.it

It’s no secret that the healthcare space is broken. A 2013 study conducted by the Journal of Patient Safety estimates that between 210,000 and 440,000 patients die in the US each year from accidental practice. To put this into perspective, an estimated 600,000 Americans die from heart disease each year and another 565,000 from cancer (source: www.cdc.gov), which puts healthcare incompetence as the third leading cause of death in the United States.

The pool of entrepreneurs in the race to offer mobile health consulting is growing larger by the day. With telemedicine, users have the power of accessibility in their hands with apps such as TouchCare and iBluebutton (see below). While the concept of telemedicine isn’t anything new, having the accessibility to one’s doctor is. Here are seven ways telemedicine changes the healthcare landscape—for the better:

1. Stronger relationships. Relationships are everything. If there was ever a person not to make angry, it’s your doctor. More important, your relationship with your doctor is everything, which is why mobile healthcare is so ideal. It offers the luxuries of personalization and convenience without exposing yourself or your child to the 15 other sickly patients normally waiting in your doctor’s office.

2. Convenience. TouchCare takes mobile healthcare to the next level as it creates an entirely new user experience for the customer. Rather than having to trek into the doctor’s office for a consult, you can now do so from the comfort of your own smartphone for follow up visits, after hours calls, or while traveling. Additionally, parents gain a stronger piece of mind because they can immediately reach their doctor for relatively benign symptoms such as a cough or runny nose.

3. Reduced complexity. Complexity is defined by the speed at which industries change and the interdependence of relationships therein. Telemedicine reduces both.

 

A medical record folder being pulled from the records (Photo credit: Wikipedia)

4. Greater awareness. iBlueButton is perhaps the most comprehensive app for telemedicine as it allows users (currently only for active duty military and veterans) to carry their own medical records  with them in their smartphone. For physicians, pop-up windows alert the provider of possible medication side effects for greater drug reconciliation.

5. Shared purpose. The focus of healthcare today appears to be more towards earning a profit rather than serving its purpose of patient care. The purpose of an organization is (ideally) to serve as a value differentiator to its customers because of what they (the company) stand for. Whatever a company’s flavor, its purpose is defined by a certifiable element that distinguishes it from all else, and that element is what attains and retains customers and fulfills a societal need. Bettina Experton, MD, MPH, and President & CEO of Humetrix, which is the company behind iBluebutton, believes that “collaborating for a higher purpose is a key corporate value… We work to empower patients and make them more informed healthcare consumers, and we think about ways to make life easier for parents, caregivers and families in an increasingly complex healthcare environment.” (source: http://www.ibluebutton.com/post-be-16/).

6. Improved efficiency. Smaller practices get bought out by larger organizations, which means new regulations and more bureaucracy are added into their daily routine. Nancy Zimmerman, head of Marketing for TouchCare, cited one practice in North Carolina who was recently bought out by a larger company who needed to scale back from seeing their normal 60 patients per day to 20 due to the added bureaucracy. Telemedicine eliminates phone consults and the addiction to answering emails.

7. Enhanced flexibility for physician. The immediacy of telemedicine provides direct access to the customer. iBlueButton users can directly share critical parts of their medical record with their doctor via secure messaging.

The changing landscape of healthcare offered through smartphone apps allows doctors to build stronger relationships with their patients rather than be just another MD—critical to the “patient” component of “patient care.”




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Avizia, telemedicine technology business founded by former Cisco employee, raises $2M

Avizia, telemedicine technology business founded by former Cisco employee, raises $2M | Trends in Retail Health Clinics  and telemedicine | Scoop.it
Story and images by Stephanie Baum / MedCity News As telemedicine continues to gain acceptance in what continues to be a relatively small corner of the healthcare market, telemedicine (Avizia, telemedicine technology business founded by former Cisco...

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Another great company with great products and great people/

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Verizon Ventures into Telemedicine

Verizon Ventures into Telemedicine | Trends in Retail Health Clinics  and telemedicine | Scoop.it
According to The Washington Post, Verizon -- the nation's largest mobile operator -- is venturing into telemedicine and believes that it is a big business
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