The Foundation for Rural Service and the Rural Telephone Finance Cooperative published an issue on Aging in Place and the Role of Broadband as part of their Rural Telecom Educational Series.
Here are some fast facts that make telemedicine compelling…
- Almost 13 percent of Americans are 65 years or older. By 2030, that is expected to be 19 percent – that’s nearly one in five people.
- AARP found that nearly 90 percent of Americans 65 or older want to stay in their homes for as long possible.
- Nearly 4 percent more rural seniors are in nursing homes than their urban counterparts
- According to the National Rural Health Association, only 10 percent of physicians practice in rural America despite the fact that nearly one-fourth of the population lives in these areas.
What does telehealth look like?
Telemedicine can be further classified into three main categories: 1. store-and-forward. Medical information—typically in the realm of dermatology, radiology, or pathology— is sent to a doctor or specialist for analysis; this does not require the simultaneous presence of physicians and patients. 2. remote monitoring. Doctors remotely check a patient’s vital signs and caregivers are alerted to falls or wandering. 3. interactive services. These involve concurrent interactions between patient and doctor. Services could comprise telephone and email exchanges, as well as live video connections between the two parties.
Where is Minnesota a leader?
Spring Grove Communications, a telephone cooperative in Spring Grove, Minn., is just starting to explore plans for telemedicine because it recently completed a two-year fiber-to-the-home project. “We’ve got fiber to the home to every house in our service area, and that covers 100 square miles,” explained Craig Otterness, general manager and chief executive officer, noting that telemedicine would be a good fit. “This is a town of 1,400 and most are elderly.”
And the business case for looking into telemedicine…
Research firm IDC agreed that telecom providers would be smart to capitalize on the telemedicine industry, particularly the residential-based side of the business. “The total addressable market in home telehealth in the United States will grow to 60.3 million households in 2015,” IDC stated. According to a recent report from Kalorama Information, a health care market research firm, the market for remote patient monitoring technologies will grow from $6 billion in 2011 to more than $18 billion by 2014.