Post-COVID Barriers to Rebuilding Revenues Due to Slow Virtual Care Implementation Cycles

Post-COVID Barriers to Rebuilding Revenues Due to Slow Virtual Care Implementation Cycles

Healthcare systems are positioned better than ever before to implement virtual care solutions that satisfy patient needs and present opportunities for revenue growth. Clinicians who work with easy-to-use, integrated workflows schedule visits with more patients each day, leading to increased productivity.

Conversely, slow implementation of virtual care systems ends up costing hospital systems tens of millions of dollars. In fact, some telehealth platforms can take up to a year to integrate and deploy. This is a major cost to hospitals and clinicians. But your organization doesn’t have to meet the same fate. 

Bluestream Health offers a value-based solution that centers patient care while driving ROI. We deploy a customizable platform that meets your physician and patient needs with ease and efficiency. Our platform allows your organization’s physicians to accurately triage patients as those in need of emergency, in-person care and those who can visit with a physician remotely.

Additionally, Bluestream Health’s virtual care solution integrates electronic health records into customizable workflows. As Ethan Booker at MedStar Health pointed out, you can create tailored workflows and build upon your existing infrastructure through a set of complex APIs.

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Revenue Lost Due to the Use of Inefficient Systems 

Hospital systems that resign to haphazard telehealth solutions often struggle with clunky, slow integration. When your telehealth platform requires you to overhaul your current workflows, it can be costly for organizations up front and in the long run. In the immediate aftermath, inefficient telehealth models prolong staff training periods and irritate physicians with an overly complicated tech stack. Sticking with inefficient solutions can cost you up to $10 million per month. In the long term, physicians who spin their wheels juggling between videoconferencing, patient electronic medical records, clinician communication, and appointment scheduling lose out on the chance to visit with more patients per day. 

This benefit goes beyond your standard patient-doctor visit. Specialty doctors see enormous efficiency gains from well-integrated virtual care. The best platforms allow physicians to bring in a specialty doctor remotely, when needed, resolving the need to schedule separate specialist appointments. The number of patients that specialty doctors can see in a day, week, or month increases significantly, while the number of smaller cases that may not need an in-person visit is reduced. 

Virtual Care Solutions Built with Ease and Efficiency

Virtual care is positioned to acquire a larger share of the healthcare market than could have ever been predicted pre-pandemic. A study conducted by McKinsey & Company estimates that $250 billion of current healthcare spending in the U.S. could go virtual, including all Medicare, Medicaid, commercial outpatient, office, and home health spending. That’s up from just $3 billion in pre-COVID-19 times. 

This constitutes major savings for hospitals as beds and other resources are freed up and primary care visits are reduced in time and scope. According to the McKinsey survey, 20 percent of all emergency room visits could be avoided given virtual care alternatives. Furthermore, “24 percent of healthcare office visits and outpatient volume could be delivered virtually and an additional 9 percent delivered ‘near-virtually.’”

With a fully integrated virtual care solution, your healthcare organization doesn’t need to treat all patient visits equally. When patients have lower-priority issues, virtual care visits allow them to be treated without taking up time from patients who need to be in the room with a doctor. This not only results in time efficiencies but also provides better service to your patients, allowing you to spend more time with those who need it and give time in the day back to the patients who don’t. 

Bluestream Health prioritizes this kind of flexibility and efficiency for both patient and doctor to ensure the very best ROI since time spent is money wasted. With light integration that deploys in merely 4-6 weeks—unlike competitors, whose full integration process can last upwards of 10-12 months—your staff will start to see the benefits immediately. Doctors spend very little time learning new technology and instead continue to focus on giving their patients the very best care. This aligns well with any value-based care model and increases ROI for both clinics and hospital systems. 

Don’t squander the rest of the year. Bluestream Health can have you up and running in weeks, not months. 

Looking for more tips on how to integrate virtual care into your healthcare organization’s current systems? Subscribe to the Bluestream Health blog today for a constant stream of advice from our team of dedicated virtual care experts. 

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