Quantcast
Channel: pr-submission.com
Viewing all articles
Browse latest Browse all 16158

Legislation, Reimbursement Expand Telemedicine Technology Use in the US - Literated Market Research

$
0
0

Due to new legislative changes, the breakdown of tele-health site restrictions, and the increase in payment parity and reimbursement for telehealth services, the telemedicine technology use is expanding throughout the United States.

Due to the Interstate Medical Licensure Compact and the opportunities afforded by telemedicine technology use, the providers are expanding their care across state borders.

Market experts say that legislative changes are occurring at both the federal level and at the state level and the telemedicine industry is looking forward to a new bill, the TELE-MED Act, which would allow Medicare participating physicians to treat Medicare patients in all 50 states of the US with a single medical license.

While bringing more options to underserved areas and allowing providers to expand their reach, particularly to aging Medicare recipients who need it the most, the new Act is intended to reduce barriers to interstate care, say experts.

Reducing all barriers, the Act only requires that the provider must be a Medicare participating physician or practitioner and the care must be provided to a Medicare beneficiary.

The Interstate Medical License Compact passed in September of 2014 has in its fold 11 states, including Wyoming, South Dakota, Utah, Idaho, Iowa, Illinois and Alabama. In addition, the Compact has been endorsed by an additional 30 state medical boards and expressed an agreement to join within the next few years.

Expanding the list of originating sites to include urban critical care hospitals, sole community hospitals, and the most exciting area – home telehealth sites is included in another Act, the Telehealth Enhancement Act of 2015.

While adding more areas of reimbursement, this act essentially aims to expand the borders of telemedicine coverage and also provides incentives for Medicare’s hospital readmission reduction program.

Today, hospitals receive payment penalties from Medicare if they have high rates of patient hospital readmissions within 30 days after a patient has been discharged.

The new Act would allow the hospitals to gain access to additional payment for the shared savings that were achieved from a better than expected performance or outcome in reducing hospital readmissions.

To enhance removal of the reimbursement related barriers to telemedicine, the Medicare Telehealth Parity Act of 2015 was introduced and removes geographical barriers by allowing providers to engage in telehealth services in rural, underserved, and metropolitan areas. It delineates a three phased expansion of telehealth services over a four year period.

For more market research reports on  Telemedicine Market  visit

https://literated.com/industry/Telemedicine

About Literated.com

Literated.com is a one stop market research and e-commerce platform catering to the needs of businesses and knowledge workers who are dependent on market research information for their work.

Visit https://literated.com for more info.

CONTACT INFORMATION

Sachidanand Bhat

info@literated.com


Viewing all articles
Browse latest Browse all 16158

Latest Images

Trending Articles



Latest Images