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Question for the forum: Is telemedicine's resurgence here to stay? The reason physicians have not grasped this technology is a lack of compensation for providing it. Do you think that will change?
Not if the Dr's can help it - who wants competition from mid-west telemedicine providers when you are paying Manhattan rents ?!
As an illustrative example (not a direct telemedicine use-case): our dentist runs two practices across NY and NJ, and was particularly talkative on the recent visit.
His rent for his NJ office in $3K/month, for a much smaller Manhattan office is $20K/month. Three months of enforced down-time have consumed all of his savings and then some, and PPP loans were of marginal help (only covered assistants salaries, not rent, nor equipment lease payments - which are substantial).
He took out a personal loan to stay in business. A few of his dentist friends couldn't, and went under.
If you think NJ vs. Manhattan example is too geographically limited, visualize the opportunity for outsourced medical visits from your favorite international destination. I bet patient outcomes will be similar, but the cost competition will be intolerable for the US Dr's, who will fight telemedicine proliferation tooth and nail. And succeed in stifling it.
BTW, Dr's are already compensated for the tele-consultations as much as physical visits. I have bills from the past three months that show up as regular visits.
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