Future Healthcare Today cultivates the latest news and trends in the health IT industry, with a particular focus on health it. This week’s Roundup looks at the rise of the global telemedicine market, how Accountable Care Organizations (ACOs) are expected to increase the use of telemedicine and the overall predictions for health it in 2016.
All of this and more in this latest health it roundup.
Five Telemedicine Trends Transforming Healthcare in 2016
As the healthcare industry shifts to value-based care as a way to generate additional revenue, cut costs and enhance patient satisfaction, telemedicine is making a big impact. In fact, this past decade the healthcare industry has faced significant changes with the rapid growth and deployment of telemedicine solutions. This article outlines the top five trends that will drive telemedicine’s continued growth and transformation of healthcare delivery in 2016: Read more here.
2016 Healthcare Predictions
What are the most trending topics in health it? This compilation highlights the growth of telemedicine, wearables, gene editing and more. The key is, in 2016 many predict that healthcare providers and health systems will accelerate contracting with telemedicine companies. Mid-size companies will begin to collaborate with local hospitals, providers and pharmacies to develop health it solutions that partner directly with a health system or pharmacy. For this to truly gain ground, the consumer will begin to place more and more trust in health it adoption and 2016 might be the tipping point year. Read more here.
2016 Will be the Year of Telemedicine and ACOs
If 2015 was the year that brought telemedicine directly to consumers, 2016 will be the year of telemedicine and Accountable Care Organizations (ACOs). ACOs are expected to increase the use of telemedicine technologies as a way to improve patient care quality, achieve greater cost savings and meet Center for Medicare and Medicaid Services’ (CMS) patient threshold. According to a CMS report of 2014 data, while CMS considered the Medicare Shared Savings Program (MSSP) a success, only 27 percent of ACOs achieved enough savings and quality improvements to trigger financial incentives. At the same time, only 20 percent of ACOs employ telemedicine services, according to separate recent research. Read more here.
Global Telemedicine Market To Reach $27.3 Billion In 2016
According to a new technical market research report, Global Markets for Telemedicine Technologies from BCC Research , the global telehome and telehospital market was valued at $11.6 billion in 2011 and is expected to increase to $27.3 billion in 2016, a five-year compound annual growth rate (CAGR) of 18.6 percent. The telehospitals and clinics segment accounted for $8 billion in 2011 and is expected to increase at a CAGR of 16.8 percent to reach nearly $17.6 billion in 2016. The telehome segment accounted for $3.5 billion in 2011 and is expected to increase at a CAGR of 22.5 percent to reach $9.7 billion in 2016. Will these 2016 numbers be realized? Read more here.