Becker's Hospital Review

April 2018 Hospital Review

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106 CIO / HEALTH IT 44% of healthcare organizations still have not adopted telemedicine: 9 things to know By Julie Spitzer R oughly 44 percent percent of health- care organizations have not yet adopt- ed telemedicine, but 86 percent say it is a priority, according to a Sage Growth Part- ners survey. Sage fielded a survey in May 2017, which drew insights from 98 respondents, 59 percent of whom were C-suite executives and 41 percent of whom were service line leaders or depart- ment chiefs. irty percent of respondents were from integrated delivery networks, 30 percent were from community hospitals, 25 percent were from specialty hospitals and 16 percent were from academic medical centers. Here are nine things to know. 1. Of the 56 percent of respondents who said they've already adopted telemedicine in their organizations, 27 percent have built or are building their own solution, while 29 percent are already working with one or more vendors. 2. e majority of respondents saw a positive return on investment within three years in the outpatient clinic (75 percent), non-emer- gency hospital care (72 percent), emergency hospital care (71 percent), remote patient monitoring (68 percent), apps for virtual post-acute specialty care (63 percent), apps for virtual patient-initiated primary care on the patient's mobile device (62 percent) and post-acute care in the facility (62 percent). 3. e majority of respondents (79 percent) be- lieve telemedicine will contribute to less than 15 percent of their total revenue in three years. 4. At organizations with telemedicine, about 66 percent said their telemedicine budgets are $250,000 or less, while 25 percent have bud- gets of $250,000 to $1 million. 5. Only 9 percent of respondents believe that 25 percent or more of their patient encoun- ters will be virtual in three years. 6. e No. 1 setting for telemedicine today is in emergency cases in the hospital (29 percent), followed by remote patient home monitoring (21 percent) and non-emergency hospital cases (20 percent). 7. Seventy-five percent of respondents believe telemedicine could transform the standard of care for behavioral health and psychiatry, while approximately half believe it will trans- form care in neurology (53 percent), primary care (52 percent) and cardiology (48 percent). 8. Seventy percent believe telemedicine has al- ready transformed the standard of care for stroke. 9. Executives rank security of data and de- vices/HIPAA compliance as their No. 1 must-have capability, followed by high-qual- ity image and audio resolution (74 percent), reliable connectivity (70 percent) and 24/7 tech support (70 percent). n Navicent Health targets $150M in savings through 6-year GE Healthcare partnership By Jessica Kim Cohen M acon, Ga.-based Navicent Health entered into a six-year partnership with GE Healthcare to minimize care delivery inefficiencies, GE Healthcare confirmed Feb. 22. Under the partnership, Navicent Health aims to generate up to $150 million in savings. GE Healthcare will provide Navicent Health will consulting services, analytics capabilities and technology solutions to improve clinical, operational and financial outcomes. As an example, GE Healthcare officials said they will help Navicent Health create analytics solutions to provide care teams with patient information at the point of care. "This is not a quick fix, rather a steady and strategic approach to de- veloping sustainable solutions that will enhance our entire system allowing us to deliver higher-quality care at a lower, and more consis- tent, cost," Navicent Health President and CEO Ninfa Saunders, PhD, said in a Feb. 28 statement. Navicent Health is the sixth health system to partner with GE Health- care on a long-term risk-sharing agreement. n Jonathan Bush sells 4.7k shares of athenahealth By Julie Spitzer A thenahealth President, CEO and Chair- man Jonathan Bush sold 4,750 shares of the company's stock in a transaction dated Feb. 27, according to The Ledger Gazette. The shares were sold at an average price of $141.11, for a total value of $670,272. In a previous transaction dated Feb. 1, Mr. Bush sold 5,000 company shares valued at $613,450. He sold another 25,000 shares valued at $3.625 million in a transaction dated Feb. 5. Mr. Bush now owns 320,557 shares of athen- ahealth's stock, valued at roughly $45.2 million. The company in February posted first quarter and full-year earnings results for fiscal year 2017. It reported $1.11 earnings per share for the quarter and revenue of $329.2 million. n

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