As the world continues to be affected by Covid-19, virtual care and Telemedicine must be at the forefront of any organisation or institution that wishes to provide high-quality treatment and services in the face of rising healthcare prices and economic uncertainties. The important macroeconomic trends affecting the virtual care and Telemedicine subject, as identified by GlobalData, are listed below.
On a global scale, the Covid-19 pandemic has wreaked havoc on healthcare systems. Elective operations and visits have been postponed or changed due to overcrowding in hospitals. To decrease patient exposure to the virus, Telemedicine and remote patient monitoring are now being used more frequently in healthcare settings. Healthcare prices are continuing to rise around the world. This is attributed to ageing populations, higher illness burdens, and increased healthcare availability.
With the use of digital technology and retail sensibility, healthcare services are now being delivered directly to consumers, circumventing the traditional health system and hospital infrastructure. Patients can utilise these services to get healthcare in a more convenient way, paying just for the services they know they will need. Many of these services also accept compensation from patients’ health insurance policies. Patients have other options for care outside of the specialised medical and surgical needs that are currently solely available through hospitals, which traditional health systems and hospitals must be aware of.