DOCTO Telehealth; saving time, money and much more
Telehealth is fast becoming not just the most convenient way to see a doctor, but also the most cost-efficient.
The CSIRO has shown that telehealth could save Australia’s healthcare system as much as $3 billion a year.
In Australia’s first large scale study of telehealth, the CSIRO provided chronic disease patients with telehealth services which enabled them to manage their conditions at home. After 12 months of telehealth use, the results were impressive.
- The use of telehealth resulted in savings of 24 per cent over the year to the healthcare system, through falls in the number and cost of GP visits, specialist visits and procedures carried out.
- There was a 42 per cent reduction in length of stay if a patient was admitted to hospital during the 12 month trial. With Australian hospital beds costing an estimated $2051 per day, this represents a huge saving.
- There was a 36 per cent decrease in hospital admissions
- Patients reported improvements in anxiety, depression and quality of life an found that home monitoring provided them with a better understanding of their chronic conditions.
The CSIRO estimates that over 500,000 Australians aged over 65 are eligible and in need of at-home monitoring via telehealth.
A similar study was conducted in the UK, where telehealth and home monitoring was shown to have the capacity to save the NHS up to £1.2 billion over five years.
Telehealth is proven to dramatically decrease healthcare costs and hospital admissions and brings as yet unrealised savings to government and health insurers.
The rapid evolution of telehealth is occuring at a time when governments and health insurers are avidly seeking ways to decrease costs by keeping patients out of hospital. Governments and corporations are well aware of the enormous savings that telemedicine brings.
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