Telehealth’s ROI for Chronic Disease Management
November 22, 2011 | Terry Sharrer
This piece is only an abstract of a study reported in Health Affairs, but it holds that telemedicine for chronically ill patients reduced costs between 7.7 and 13.3% per person. Since 4/5ths of the US’s $2 trillion health care expenditures are for the chronically ill, telemedicine could represent savings of around $200 billion in that sector. MORE
chris wasden
I find almost everyone gets these numbers wrong.
While total healthcare spending is $2.4 trillion per year, the amount spent on chronic diseases is only about $750 billion. Therefore if you can decrease healthcare spending on chronic disease by around 10% through remote patient monitoring and other related programs, the samvings is around $75 billion annually, not $200 billion.