PYA has released a white paper that provides valuation guidance to hospitals considering telemedicine arrangements for providing much-needed healthcare services at lower costs.
As patient demand increases and the availability of healthcare providers shrinks, hospitals are seeking alternative solutions to traditional healthcare models to meet the needs of the communities they serve. “An Introduction to Valuing Telemedicine,” PYA’s new white paper, explores one such arrangement—telemedicine—which affords greater access to necessary health services, while maintaining reasonable costs with limited providers. The paper is an adaptation of a chapter from a book forthcoming this summer, BVR/AHLA Guide to Valuing Physician Compensation and Healthcare Service Arrangements.
The white paper describes the need for, and function of, telemedicine, which utilizes communications technologies to connect physicians with patients. It also examines reimbursement implications, contractual terms and compensation structures, regulatory and compliance considerations, and valuation methodology.
According to the paper, “Although telemedicine is a new technology, the structure of these arrangements is subject to the same regulations that guide other arrangements that do not utilize this technology. As these agreements increase in complexity, the potential for regulatory scrutiny will also increase.”
PYA’s experienced, hands-on valuation team delivers valuation opinions and advice to a broad range of healthcare entities including hospitals, health systems, ambulatory surgery centers, cancer centers, home health agencies, pharmacies, physician practices, skilled nursing and assisted living facilities, and others.