Back in the early 80’s, the concept of Urgent Care, a medical practice location that provided essential diagnostics and clinician visits as opposed to Emergency Rooms exploded. These practices were largely profitable, and Insurance companies endorsed members to use these services. Beginning in 2005, with the advances of mobile and internet technologies, many startups began to develop telemedicine services so that patients could reach a healthcare provider without having to go to an office. Since then, telemedicine applications and services have grown, however, widespread adoption was limited. And then came the COVID19 global pandemic. The panic and overcrowding of hospitals, the highly contagious virus affecting healthcare professionals and unrelated illnesses led to a >1000% increase of telemed application downloads and memberships.
- Telemedicine offers a convenience and immediate access to a healthcare provider
- Telemedicine features will continue to expand over the next 12-24 months
- Telemedicine offers opportunities to be disruptive about medical care and management