Quantzig, a pure-play analytics solutions provider, has announced the completion of their latest article on the odds of telemedicine being the next trendsetter in the healthcare sector
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Odds of telemedicine being the next trendsetter in the healthcare sector. (Graphic: Business Wire)
Telemedicine has created a lot of hype in the healthcare industry. With advancements in technologies, the demand for convenience has grown. As a result, companies in the healthcare industry have started working hard to keep pace with the latest innovations and upgrade their current service levels. Telemedicine is one such step that is expected to gain rapid popularity in the years to come. Telemedicine is the amalgamation of telecommunication and information technology to provide better healthcare services to the patients.
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"Telemedicine will increase the level of competition among healthcare providers, forcing them to leverage technologies that appeal to the masses in the long run," says a healthcare industry expert from Quantzig.
Continue reading to identify factors that could make telemedicine the next big thing in the market or request a free proposal to know more about the ongoing trends in the healthcare industry
Reasons why telemedicine could be the next trendsetter in the healthcare sector:
Creating new business models to meet consumer demand
Digitalization is no more limited to the retail industry. Online marketing has paved its way into the healthcare sector as well. This is forcing firms in the healthcare industry to strategize new business models to keep pace with the changing preferences. Telemedicine is one such cost-effective and convenient choice for the institutions in the healthcare industry. Telemedicine would help businesses eradicate unnecessary distress caused to consumers at hospitals. This new business model is more convenient and will provide companies with a greater reach. To gain more insights on the latest strategies opted by healthcare institutions, Get in touch
Provides strategic pricing options
With the implementation of the Affordable Care Act, or ACA, the number of patients having insurance is likely to increase. This would subsequently result in the need to manage patients' healthcare needs and expenses effectively. The use of telemedicine will help companies in the healthcare sector to offer strategic pricing options to unique patient populations. Since the costs associated with telemedicine is lower compared to other forms of medications, medical companies can utilize this opportunity to provide interactive follow-up sessions and post-surgical care. To know more about our portfolio of solutions for the healthcare industry, request for more information
Healthcare providers can be in line with MACRA requirements
According to the legislation passed in 2016, MACRA on emphasized cost-effective protocols and quality metrics in the healthcare sector. Healthcare companies are expected to incorporate technological innovations and transparency in complex health records and medical payment systems. Telemedicine will help provide accurate records of consultations and ensure that technologically advanced practices are being followed. The use of telemedicine will give an edge to healthcare companies over their competitors, especially when it comes to providing better healthcare services to the consumers. To know more about the ongoing trends in the healthcare industry, read the complete article here
About Quantzig
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal
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