Telemedicine may prove a successful way to address this issue, according to a study published in The American Journal of Managed Care.
Researchers reviewed the clinical and financial outcomes of an after-hours on-demand telemedicine service implemented at a 365-bed skilled nursing facility in New York City in March 2015. During the first year of the program, off-site providers evaluated 313 patients.
Of the patients who used the telemedicine service during the first year, 259 were treated on-site at the facility, including 91 who avoided hospitalizations and 54 who were later transferred to a hospital. The researchers estimated the associated cost savings to Medicare and other payers exceeded $1.55 million.
The researchers extrapolated Medicare would save $500,000 each year for an average 120-bed facility that implemented a similar program.
“Use of a dedicated virtual after-hours physician coverage service in an SNF demonstrated a significant reduction in avoidable hospitalizations,” the study authors concluded.
More articles on telehealth:
FCC advances work on $100M telehealth pilot program
Consumer Technology Association names 1st VP of digital health: 3 things to know
Which IT trend is most promising? 29% of provider execs say telemedicine
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.