The Impact of Telehealth on Healthcare Valuation
- August 20, 2020
The COVID-19 outbreak resulted in the need to practice social distancing, remain in our homes, and apply technology in new ways to accomplish daily life and work tasks and provide patient care. Remotely caring for patients is not new; telehealth has been prevalent in some aspects of healthcare for years. According to the American Hospital Association, prior to COVID-19, “76 percent of U.S. hospitals connect with patients and consulting practitioners at a distance through the use of video and other technology.” In the American Health Insurance Plan 2019 Virtual Care Survey, 94 percent of commercial plans, 92 percent of Medicare Advantage Plans, and 62 percent of Medicaid plans offered virtual care. However, with the need for social distancing, the use of telehealth was significantly expanded to provide patient care remotely to help protect both patients and providers from infection.
Article from The Value Examiner July/August 2020 issue published by the National Association of Certified Valuators and Analysts (NACVA). All rights reserved. To learn more, please visit www.NACVA.com/ValueExaminer.