TeleMedicine News & Updates 4-5-16

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Posted By: Annmarie Budniak April 5, 2016

The telemedicine market is growing at a significant rate due to increasing healthcare costs, a growing geriatric population, and rising incidence of chronic diseases mixed with increasing government funding and growing technological advances. Pharmion, a research based global management consulting firm focused on pharma and healthcare industry, estimates the telemedicine market in the United States will cross $13 billion by 2021. According to P&S Market Research “the global telemedicine market was valued at $17,878.7 million in 2015, and it is expected to grow at a CAGR of 18.7% during 2016 – 2022.” With numbers like these it is clear telemedicine is going nowhere but up. Check out some of the latest news below.

Upcoming Conferences
American Telemedicine Association announces ATA 2016, the world’s largest and most comprehensive conference focused on telemedicine, digital, connected and mobile health. ATA 2016 will take place May 14-17 at the Minneapolis Convention Center. Register before April 15, 2016 and save with the Early Bird rate! Don’t miss this opportunity to join thousands of your peers at the premier forum for healthcare professionals and entrepreneurs in the telemedicine, telehealth and mHealth space. Check out the conference programs and keynotes at a glance.

This year’s Telemedicine & Telehealth Service Provider Showcase (SPS) Conference will take place at the Hyatt Regency Downtown from June 21-22 in Phoenix, AZ. “SPS is about bringing better healthcare to patients, communities, and populations; improving outcomes; and reducing costs. It is about helping hospitals and healthcare systems to thrive through partnerships with telemedicine providers.” The SPS Conference will be packed with sessions and panels featuring nationally known experts and thought leaders in the fields of telemedicine and telehealth services, legal and regulatory issues, and business. Preview the schedule and register early to save $100!

Temedicine Meets Gaming Tech
MiBiz reports that Respondwell (@RespondWell), a startup Grand Rapids-based digital health company, uses a gaming platform to take patients through their physical therapy programs following a digital instructor anytime, anywhere. RespondWell co-founder, Chairman and CEO Ted Spooner believes, “In orthopedics alone, RespondWell’s platform has a market potential of eventually generating $50 million in revenue annually, and that’s a “conservative” estimate.”

Older Americans Can Benefit From Telemedicine says PCAST  
The President’s Council of Advisors on Science and Technology (PCAST) has published a new report which concludes that aging Americans can benefit and live more independently using technologies such as telemedicine. The report states that technology “has an important role to play in increasing the quality of life, by maximizing Americans’ ability to function in their later years.”

In State News
Nathaniel Lacktman, creative healthcare regulatory, compliance and business lawyer, discusses the latest in state telemedicine news. Indiana signed a new bill into law “implementing a variety of telemedicine practice standards and remote prescribing rules in the Hoosier State” while Florida revised a proposed Medicaid telehealth coverage rule.