Telemedicine Will Impact Patient Accounts Receivable
Telemedicine is being closely monitored by many hospitals and medical care facilities across the country as a great new means for boosting accounts receivable. As the technology to support telemedicine continues to develop, we will soon see the impacts—especially in patient self-pay accounts.
A few experts believe that financing will be the one obstacle that stands in the way of growth, at least until payment reform adapts to the new and blossoming opportunities that telemedicine will provide to patients. Right now, care facilities are looking at telemedicine technologies as investments. But as progress in telemedicine speeds along, it will soon become a highly profitable area for medical care providers.
You can read more about telemedicine here.