Up to $250B of US healthcare spend could shift to virtual: report

Up to $250B of US healthcare spend could shift to virtual: report

The acceleration of telehealth adoption among consumers and providers has pushed virtual care beyond urgent care services and laid a framework for up to $250 billion of U.S. healthcare spending to be virtualized, according to a recent McKinsey report.


The COVID-19 pandemic has fueled the shift to virtual care. About $250 billion, or 20 percent of all Medicare, Medicaid and commercial operating expenses, office and home health spend could potentially be virtualized.


Four report insights:


1. Twenty percent of emergency department visits could potentially be avoided by offering virtual urgent care services.

2. Twenty-four percent of healthcare office visits and outpatient encounters could be delivered virtually, and an additional 9 percent could be delivered “near-virtually” at a retail clinic or testing site.

3. Thirty-five percent of home health services could be virtualized.

4. Two percent of all outpatient office visits could be moved to the patients’ home setting through tech-enabled medication administration services.


Click here to view the full report.





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