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Telemedicine expected to grow at faster rate than previously projected

According to a new market research report available at Market Research Store, a source for industry reports, telemedicine and telehealth programs will become a $45.4 billion industry by 2021. In 2014, it was estimated to be a $1.5 billion dollar industry.

There are a number of reasons why such exponential growth is projected. First and foremost, individuals are taking a more vested interest in their health. Second, the proliferation of smartphones and tablets has made technology accessible to the general public, making it a more convenient solution for those without the time or access to other forms of care.

Telehealth programs present a technological solution to help individuals and families find practical health care solutions for smaller, minor health issues before they become a greater problem.

Typically, telehealth members pay a small fee each month, which grants them access to a board-certified doctor via phone or the Web. The doctor can speak with the individual to learn more about his or her symptoms and medical history and determine the best course of treatment. The doctor can usually also provide a prescription, so the individual can avoid a trip to the doctor.

According to Health E Choices, a provider of telehealth services, these are among the reasons patients are embracing telemedicine:

  • Whatever the reason for being unable to get to a doctor, a patient can gain access to a state licensed, board-certified doctor in a timely manner through telehealth programs.
  • Monthly fees for telehealth services are generally less expensive than a copay, making telehealth an affordable solution.
  • Doctors affiliated with telehealth programs can provide needed prescriptions and diagnose non-critical issues to lead patients to adequate treatment.

Telemedicine and telehealth services are another way technology is changing the health care industry.

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