• 4. Better Investment Opportunities
  • 5. Better Healthcare Apps
  • Book · October 021 citations reads 35,829 authors




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    4 PROFESSIONAL ENGLISH

    3. Enhanced Security: 
    With lots of data being collected from patients to assist with telemedicine services, data security is 
    vital. There are different techniques available today which help to enhance data security in 
    telemedicine, including: 

    Conducting a HIPAA security check once a year to reduce data security risk factors. 

    Insisting on encryption of data on all portable devices. 

    Conducting more frequent penetration testing and vulnerability assessments of IT systems. 
    4. Better Investment Opportunities: 
    Because telemedicine is one of the fastest growing segments in the healthcare industry, many 
    organizations are investing in it. Mergers between small and larger telemedicine operators provide 
    financial stability to smaller companies and a platform to provide telemedicine care effectively. 
    Also, larger telemedicine providers are collaborating with international medical institutions, helping 
    them to spread their expertise abroad, widening the telemedicine market, and generating more 


    90 
    revenue. Investment opportunities in telemedicine will only increase as India and China open their 
    doors to telemedicine practices from the west. 
    5. Better Healthcare Apps: 
    In the coming years, we can expect more personalized telemedicine apps for both patients and 
    clinicians, with the flexibility to specify the information transmitted between doctor and patient. 
    Telemedicine app development also will give rise to mHealth, also known as mobile Health. Apps 
    such as MDLIVE, Amwell, MyTeleMed, and Express Care Virtual will facilitate convenient 
    interactions between patient and physician. 
    Some of the upcoming trends in telemedicine include: 
    1.
    Parity in Telemedicine to Become a Norm 
    In the US alone, more than 32 states have passed internal laws to allow for better parity in 
    Telemedicine. Both UK and Canada are set to follow suit as well. Upon actualization, these laws 
    would allow physicians to be reimbursed by private payers for telemedicine visits at a rate similar to 
    in-person visits. This would not only help the said physicians, but also help in the rapid acceptance 
    and proliferation of telemedicine technology. In light of tougher regulations and programs which 
    limit patients to single doctor visits, such changes can be godsend. Michigan state in USA has 
    already seen a 77.5% increase in Telemedicine encounters after supporting service parity in 
    telemedicine. 
    2. Consolidation Will Increase 
    Most small or medium sized healthcare practices are struggling to stay afloat in these testing times 
    due to inadequate expansion capabilities, stronger regulations, reduced reimbursements, and higher 
    costs. As a result, we can expect to see most of the small telemedicine operators either merge or get 
    absorbed by larger ones who have better financial stability to provide specialty telemedicine care. 
    Many hospital enterprises have also started buying such small radiology practices in order to 
    provide their telemedicine services to even more patients, thereby reducing costs of operation. 
    3. Decentralized Care Will Become Commonplace 
    Today, we already see varied examples of specialty telemedicine healthcare moving away from 
    larger settings to more community-based and cost-effective locales. Many hospitals are already 
    looking to decentralize their niche offerings, especially Teleradiology with the help of community 
    extension services or by partnering with emergency care centers. 
    This would in turn also attract younger physicians who prefer telemedicine since they can keep the 
    work hours flexible and earn better pay at the same time. Therefore decentralized clinical 
    telemedicine offers specialists around the world to see their patients without having to be present in-
    person. 
    4. Patient-Centered Medical Homes to Become a Reality 
    One of the main reasons why telemedicine has enjoyed success is because of increased customer 
    satisfaction numbers. It is not only convenient and easy, but also saves time and costs for both the 
    doctors and patients involved. 
    As a result, we can expect to see a rise in the number of patients getting treatments right from the 
    comfort of their home, or being a part of a medical home which houses many patients with similar 
    symptoms and diseases for better treatment. 


    91 
    5. Proprietary Hardware and Networks to Go Out of Circulation 
    During its inception, most hospitals and telemedicine operators used proprietary hardware and 
    technology to provide their services. But with the easy availability of secure software delivered in 
    an easy-to-implement manner, more operators are moving towards such affordable solutions. 
    Emerging network standards such as WebRTC also allow the healthcare providers to choose the 
    ideal care for their patients and the medium through which it can be delivered. 
    Many healthcare enterprises are also seeking specialty-specific telemedicine software which can be 
    easily deployed across a variety of hardware devices using open networks. 
    See more at: 
    https://www.forbes.com/sites/quora/2018/07/31/what-are-the-latest-trends-in-
    telemedicine-in-2018/#2e8a8c466b9e
     

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