Bloomberg: Sam Glick on Telemedicine
Oliver Wyman partner Sam Glick told Bloomberg telemedicine visits are projected to make up 30% to 50% of primary care visits in coming years. And the potential for savings is significant. Oliver Wyman estimates it costs $30 to $50 to deliver a primary care telehealth visit, while in-person visits can cost twice that.
“Prices should adjust to more fairly reflect the cost structure because the reality is it doesn’t cost as much to deliver a telemedicine visit,” Glick said. The physical overhead is typically not as expensive for telehealth visits as in-person visits because fewer exam rooms, waiting rooms, and staff are needed, he said.
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