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- W4387262644 abstract "On May 11, 2023, the US President plans to end the COVID-19 public health emergency which started in March 2020. During the last three years, telemedicine became essential for medical practice. Perinatology combines the care of the mother and unborn child through obstetric ultrasound and patient consultation in a single visit. Our objective was to estimate the cumulative impact of a telemedicine tool, Collaboration Live (CL), on revenue generation and return on investment (ROI) for our practice during the pandemic. A revenue generation analysis and ROI calculation were conducted using data from a prospective study performed in multiple clinics in rural New Mexico. Revenue difference attributable to the use of CL for obstetric ultrasound and physician consultation were measured and compared to a hypothetical visit without the use of CL. Reimbursement rates for ultrasound and physician visits were estimated with data from Centers for Medicare and Medicaid Services. From January 2020 to March 2023, 950 telemedicine visits were conducted using CL. The visit emanated from three hub offices while the patient ultrasound occurred in one of seven satellite offices. CL licenses were estimated at $3850 per ultrasound system and $450 per user per year. Total revenue generated with CL for telemedicine visits and ultrasounds was $888,434 or $935.19 per patient visit. Without the use of CL, the estimated total revenue was $495,010 or $521.06 per patient visit. Overall, the revenue difference attributable to CL was $393,424, an increase of 56.9%. The ROI for CL was 544.3% or an annualised ROI of 77.8% over 3.2 years. Investment in the use of a novel telemedicine solution, CL, strengthened our ability to generate revenue with a significant ROI. Physician consultation combined with the ability to complete detailed anatomic ultrasounds would not have been feasible without the capabilities of CL. Future research will evaluate the ongoing use and impact of this telemedicine tool on our perinatal practice beyond the pandemic." @default.
- W4387262644 created "2023-10-03" @default.
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- W4387262644 date "2023-10-01" @default.
- W4387262644 modified "2023-10-03" @default.
- W4387262644 title "EP02.38: Cumulative experience of a novel telemedicine tool in perinatology over three years of the COVID‐19 pandemic" @default.
- W4387262644 doi "https://doi.org/10.1002/uog.26655" @default.
- W4387262644 hasPublicationYear "2023" @default.
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