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Empowering the Business of Medicine
MSOC Health Empowering the Business of Medicine
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Telemedicine – Common Beliefs, Myths, Comments, Feelings, Emotions, Concerns and Boogie Boos
It’s EHR all over again…I’m being forced to do this. Nobody pays for this. MY patients only want to see me in the office. I’m not looking for ways to work more. It is sub-par medicine. I can’t document these visits effectively. I need to see the patient for the best diagnosis. It is a HIPAA violation/threat.
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Telemedicine VS EHR
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Electronic Health Record
Physician Patient Government
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Telemedicine Physician Patient Market
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So…where’s the money?
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Consider this first…your practice is a business.
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Managing Profit Revenue Side Expense Side
Commonly being covered by Employers Insurers beginning to recognize coverage as well High Deductible plans…think volume over price Lower labor costs Maximize use of resources Lower potential opportunity costs associated with no shows
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Marketing Concepts Complementary Service – Enhancing what the practice has to offer Market Threat: Retail Clinics continued expansion and/use of Telemedicine Not consumer…CUSTOMER Market Threat: One of the many ways retail health clinics are gaining marketshare is through telemedicine--and family physicians must adopt the technology in order to remain competitive, according to a speaker at the American Academy of Family Physicians' (AAFP) recent State Legislative Conference. Source:
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Trends…Now and To Come Demographics are changing
Technology is driving new expectations of convenience….yes, even in healthcare Facilitative Model of Care – Patient Engagement High Deductible Plans continue to mature Employers continue to drive value for dollars spent Bundled and Risk (merit) based models The demographics are shifting, and expectations are changing. In the vast majority of scenarios, technology provides the key for independent practices to keep pace. - See more at: The main reasons for going to the retail clinic were more convenient hours (36 percent) and a lack of availability of office appointments (25 percent).To compete, independent practices will need to use all the medical software at their disposal to optimize work flows and make every patient’s interaction as convenient as possible. - See more at:
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Telemedicine… …a spectrum of opportunities
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Thank You Thank You MSOC Health (866) 347-0001
200 Timber Hill Place Suite 221 Chapel Hill, NC 27514
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