Archive for August 3rd, 2007

A Business Model for Telehealth?

August 3, 2007

In iHealthbeat, a feature on the Idaho telehealth program explores the issue of creating sustainable models for telehealth. They wisely point out that even academic programs like this one with a broad network of connectivity throughout the state can be in trouble we grant funding runs out. What better place to experiment that a rural state like Idaho. But where is the business model. Will Medicare provide the ongoing reimbursement? What about major insurors within the state? Business partnerships?

Sustainable business models are sorely needed now that the technology is readily available. But as in other studies, the cost of home monitoring and telemedicine needs to come down. Here is a chicken and egg dilemma – should the price come down to sustain the business or will more business drive down the cost?

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