Telemedicine is currently one of the fasting growing industries in the developed world, boosting a projected market value of 27.3 billion by 2016. But just because most telemedicine platforms are going in the same direction (up), doesn’t necessarily mean that all telemedicine platforms are going to be the same. In fact, much like any thoughtful enterprise, in order to be a successful company you have to find a way to stand out amongst your competitors. VideoMedicine has done just that.
VideoMedicine is different from its competitors in many ways, the most important of which is undoubtedly the fact that we are currently the world’s only 100% free market telemedicine platform. This means that, while our competitors only offer a “flat rate” for appointments, oftentimes being around $40+ for a 15 minute consultation, we allow our doctors to set the own rate of payment by the minute. This means that our patients are only charged for the actual time they spend speaking
with a doctor or health professional. According to the New York Times, “Researchers from Johns Hopkins University and the University of Maryland shadowed interns at two different internal medicine training programs over the course of almost 900 hours. They recorded the time the interns spent talking with and examining patients, meeting with families, attending educational conferences, discussing treatment plans with other doctors, sleeping, eating and even walking around the hospital. As in earlier studies, the researchers found that current interns spend the majority of their time in activities only indirectly related to patient care, like reading patient charts, writing notes, entering orders, speaking with other team members and transporting patients. But when they calculated the amount of time spent face to face with patients, the researchers found that interns were devoting about eight minutes each day to each patient, only about 12 percent of their time.” According to this data, if a patient only gets to speak with a doctor for an average of 8 minutes, then our philosophy is that the patient should only be charged for the time that they are actually receiving care. For example, if a patient speaks with one of our doctors and that doctor is charging $2/minute for their services, if they only speak for 8 minutes then the patient is charged $16. Because of this philosophy we are not only increasing access to healthcare; we are also decreasing healthcare costs dramatically.
Another manner in which VideoMedicine stands out in the tele-health crowd is the fact that we are one of the only platforms that offers consultations with not only family medicine doctors, but over 40 specialties such as: Cardiology, Dermatology, Endocrinology, Psychiatry, Critical Care, Chiropractic, etc… Our specialists are some of the top-rated medical professionals in the world, having trained at institutions such as Harvard, NYU, Yale, Rush, Johns Hopkins, and many more. What makes us even more unique is that patients don’t have to have referrals to speak with these specialists. All our patients have to do is check our app to see what doctors are online, and they can connect with one of the world’s top physicians instantly!
Yet another, and perhaps the most revolutionary element to VideoMedicine’s design is that we are the only platform which has gone international. Solving the healthcare crisis in rural areas has been, from our earliest conception, one of the most vital issues our company wishes to address. We currently have branches in China and Milan, and are continuing to expand in an effort to extend our reach to those who need telemedicine the most (with an end goal of bringing access to the poor in rural areas across the world). For more information about how tele-health is solving the world healthcare crisis, read HERE about how telemedicine has revolutionized the Haitian healthcare system and saved countless lives.
**Image copyright: Trinity Video Communications