Healthcare in America is undeniably expensive, despite the immense spending. Reaching $3.6 trillion dollars in 2018, it’s only gone up since, especially since the outbreak of the coronavirus in 2020. If you run a private clinic or hospital, you’re probably spending hundreds of thousands of dollars a year on delivering quality services, often with a strain on your finances. Here cost effectiveness of telemedicine can greatly help providers.

Though telemedicine was believed to be expensive for private practitioners and providers in the past, that’s not quite true thanks to telehealth platforms like ours. So what are the biggest cost-effective advantages of investing in telemedicine software for your clinic?

Reduced spending per patient

On average, clinics spend hundreds of dollars per patient, when you factor in fees, costs, expenses, and more. Telemedicine has been shown to bring down spending by hundreds of dollars.

Comparing the cost of telemedicine at $335 per patient/year to $585 for routine care, there’s a significant difference when numbers are added to reflect the total number of patients at each clinic.

Telemedicine offers greater convenience and allows administrators and management to cut down spending and costs for routine checkups, follow-ups, and other minor assessments that don’t require in-person checking, thus allocating greater resources on more urgent cases and improving other areas of service delivery.

Easier access and engagement

With better patient adherence and engagement come lower costs because results are more favorable, hence cost effectiveness of telemedicine for providers. When there’s poorer health management, patients are more likely to require greater spending and extensive care, which can cost thousands of dollars at a time.

Investing in preventable interventions and better engagement will create a better environment for your patients, allowing them to proactively seek advice, recommendations, and consultations. For doctors and management, this could also result in more billable hours as you schedule appointments outside the standard work schedule.

Fewer cancellations and no-shows

A major dent in healthcare setups results from no-shows and cancellations. Nonattendance can put a strain on private clinics that are struggling with expense management and coping with it through strategies like fines, overbooking, and repeated rescheduling.

Whatever a patient’s reasons for failing to make it to their appointment may be, the burden of it falls on the clinicians.

Not only is an opportunity for profitability lost, but it also means you’re paying overheads and other costs that go into each appointment. Telemedicine helps by reducing barriers to physical checkups and consultations, making it easier for patients to show up to their virtual appointments.

Lower running and operational costs

Whether doctors are consulting outside office hours, while traveling, or enjoying greater flexibility through telehealth apps and working from home, you’ll see an overall decrease in operational costs.

Cost effectiveness of telemedicine is not the only benefit here. It can also help prevent physician burn-out. Doctors can work overtime and continue seeing patients even when traveling or on holidays, without requiring the rest of the staff to come in. This is all made easier with the use of CallingDr, which takes care of appointments and scheduling, sends reminders, includes a remote patient monitor, and much more.

There’s a lot more that consistent use of CallingDr can do for you. Learn more about the affordable pricing and the powerful features you get with each package, and how your setup, whether small or expansive, can benefit from our telemedicine app.

It’s remarkable how a few hundred dollars of spending can save you thousands more!