Teladoc's private funding rounds included $9 million in December 2009, $4 million in January 2011, $18.6 million in September 2011, $15 million in September 2013, and $50 million in September 2014. On April 29, 2015, the company submitted preliminary confidential IPO paperwork, and on May 29, 2015 it publicly filed for its IPO. On July 1, 2015, the company went public with a New York Stock Exchange-listed IPO at $19 per share, which gave the company a market capitalization of $758 million and an enterprise value of $620 million. The initial response to the IPO was good: shares surged 50% on the opening day to close at $28.50, after opening at $29.90 and trading as high as $31.90.
There are currently 29 states with telemedicine parity laws, which require private payers to reimburse in the same way they would for an in-person visit. As additional states adopt parity laws, private payers may institute more guidelines and restrictions for telemedicine services. Although it’s a step in the right direction, there is still uncertainty regarding reimbursement rates, billing procedures, and more.
Although telemedicine itself permits physicians to treat patients nationwide, there are restrictions on who can provide services across state lines. States with large rural areas with limited access to care could greatly benefit from this, but varying state regulations make the process challenging. Physicians who do want to practice medicine across states may have to obtain a full medical license in all states. Not only is the process time consuming, but it is also expensive for physicians to do.
However, whether or not the standard of health care quality is increasing is quite debatable, with literature refuting such claims. Research is increasingly reporting that clinicians find the process difficult and complex to deal with. Furthermore, there are concerns around informed consent, legality issues as well as legislative issues. Although health care may become affordable with the help of technology, whether or not this care will be "good" is the issue.
Telemedicine is a subset of telehealth, which includes both remote clinical service delivery and nonclinical elements of the healthcare system. In practice, however, the two terms are often used interchangeably. While eCare is often used as a synonym for telemedicine, the Federal Communications Commission adopted the term eCare as an umbrella concept for the electronic exchange of information to aid in the practice of advanced analytics and medicine.
Teleneuropsychology (Cullum et al., 2014) is the use of telehealth/videoconference technology for the remote administration of neuropsychological tests. Neuropsychological tests are used to evaluate the cognitive status of individuals with known or suspected brain disorders and provide a profile of cognitive strengths and weaknesses. Through a series of studies, there is growing support in the literature showing that remote videoconference-based administration of many standard neuropsychological tests results in test findings that are similar to traditional in-person evaluations, thereby establishing the basis for the reliability and validity of teleneuropsychological assessment.
Equipping nursing homes and hospital rooms this way would enable a variety of practitioners to provide bedside care more conveniently—for the patient and the provider. Patients wouldn't have to be transported, and practitioners could see more patients without disruption. In addition, the primary care provider, family, and friends located elsewhere could link into the video consultations, enhancing communication between all parties involved in the patient's care.
Today's high-speed broadband based Internet enables the use of new technologies for teleradiology: the image reviewer can now have access to distant servers in order to view an exam. Therefore, they do not need particular workstations to view the images; a standard personal computer (PC) and digital subscriber line (DSL) connection is enough to reach keosys central server. No particular software is necessary on the PC and the images can be reached from wherever in the world.
1. The doctor writes you a prescription. In-person, this can mean a handwritten prescription or a digital prescription sent directly to a pharmacy. Prescriptions can be sent to a retail pharmacy, mail-order pharmacy, or pharmacy inside your doctor’s office. Online doctors only have the digital option and will likely send the prescription to a retail pharmacy in your area.