Can Virtual Healthcare Reduce Insurance Claims?

Healthcare has undergone a transformative shift in recent years, largely driven by tech advancements. In this article, Rebecca White delves into the potential of telemedicine to improve patient outcomes and reduce the financial burden on insurance systems.

Virtual healthcare, once a niche service, is now an excellent alternative to traditional in-person visits. But can Virtual Healthcare decrease insurance claims? The answer is yes! Virtual healthcare has the potential to decrease insurance claims through various methods:

• Preventive Care and Early Intervention: Virtual healthcare facilitates easier access to preventive care and early intervention for patients. Regular virtual check-ins and remote monitoring can detect health issues early, preventing them from escalating into serious conditions that require costly treatments.

• Reduced A&E/Emergency Room Visits: Virtual healthcare can minimise unnecessary emergency visits by offering 24/7 access to healthcare professionals. Patients can receive medical advice and treatment for non-emergency concerns remotely, avoiding the high expenses of A&E/ ER visits.

• Chronic Disease Management: Continuous monitoring and management of chronic diseases are achievable through virtual healthcare, preventing complications and hospitalizations. Remote monitoring devices can track vital signs and alert healthcare providers to any concerning changes. Virtual services such as Physio and Nutrition can provide additional relief to patients. “This service turned me from a diabetic into someone no longer at risk.”.     “I’m pain-free thanks to virtual physio.”

• Lower Administrative Costs: Streamlining administrative processes through virtual healthcare reduces paperwork and administrative burdens on healthcare providers and insurers. This can result in decreased operational costs and reduced insurance claims.

• Reduced Hospital Readmissions: virtual healthcare can lessen the chances of hospital readmissions. Patients can have virtual appointments to ensure they address any issues.

• Cost-Effective Care Delivery: Virtual healthcare offers a more cost-effective option for routine care. Telehealth consultations are typically less expensive than in-person visits, lowering the overall cost of care and insurance claims.

• Improved Patient Compliance: Enhanced healthcare access through virtual means can enhance patient compliance with treatment plans, medications, and follow-up appointments. This can lead to improved health outcomes and fewer costly interventions.

• Behavioural and Wellbeing Health Services: Virtual access to mental wellbeing services can address behavioural health issues early, reducing the need for intensive and costly treatments later. Mental wellbeing support can also enhance overall health and decrease the occurrence of related physical health problems.

Virtual healthcare can significantly decrease the volume and cost of insurance claims by increasing care accessibility, improving health outcomes, and reducing the necessity for expensive treatments.

Patient outcomes? Read our Impact Stats