Telemedicine is one of the alternative solutions to traditional models designed to expand healthcare services at a lower cost. Essentially, telemedicine is the provision of healthcare through some form of communications technology—from a simple phone conversation with a primary care provider to an interactive two-way video conference via a mobile device. Three key elements typically impact the ultimate conclusion of value, according to a white paper
from Pershing Yoakley & Associates (PYA): (1) the length of the service period and any restrictions as to service location; (2) the burden associated with the provision of services; and (3) the likelihood of receiving reimbursement for the provision of services (not all telemedicine services are reimbursable). The white paper is an adaptation of a chapter PYA experts contributed to the recently published BVR/AHLA Guide to Valuing Physician Compensation and Healthcare Service Arrangements.
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