What is the future of telehealth? At the inception of the COVID-19 pandemic, in an article entitled “COVID-19 and the Rise of Telemedicine,” the Medical Futurist reported:
“Telemedicine has not had the success it had hoped to achieve.”
Now, just a few months later, telemedicine “might” be a new normal and multiple commentators and organizations, such as the American Medical Association (AMA) and McKinsey & Co., are touting the COVID-19 Public Health Emergency (PHE) as the long-awaited tipping point for the implementation of telehealth. Note some of the statements below; the underlining is mine.
- McKinsey & Co. projected that virtual visits could account for $250 billion dollars of annual healthcare business, or 20% of commercial, Medicare and Medicaid visits.