Telemedicine continues to be top of mind for healthcare leaders in 2016. A host of factors, including innovative technologies, value-based care, consumerism, and an increased focus on the patient experience, continue to fuel growth in telemedicine and mobile health programs. According to a 2016 report by Foley & Lardner, LLP, “the global telemedicine market will expand at a compound annual growth rate of 14.3 percent through 2020, eventually reaching $36.2 billion, as compared to $14.3 billion in 2014.”
Thomas Jefferson University and Jefferson Health in Philadelphia are part of this trajectory. Leaders at the academic medical center, with five hospitals and 1,751 licensed acute care beds, acknowledge that they are on an aggressive path toward implementing a vast telemedicine platform, and they will spend roughly $20 million over the next several years to that end.