Cultivating a truly competitive employee benefits package can sometimes seem like an insurmountable task. Most employers work in earnest to put in place the very best benefits they can afford, without compromising coverage. This is especially true when it comes to the medical portion of their program.
Telemedicine, rapidly growing in popularity, is an excellent way to supplement a medical plan without driving up costs - but it does have some drawbacks as well. So what exactly is telemedicine, and is it a good fit for your company?
Originally intended to reach people in remote locations, telemedicine has grown in popularity over the past decade and especially today with the presence of COVID-19 and many businesses closing and families instructed to stay at home.
Telemedicine allows patients to speak to a doctor on the phone and preferably, with video, as doctors can visually observe the patient. The doctor can diagnose minor health issues and even write prescriptions. If the doctor fears the issue at hand requires immediate medical attention, he or she can recommend the person go the nearest emergency room or urgent care.
Telemedicine is perfect for people who have a hard time getting an appointment with their primary care physician (PCP), people with newborns (who are likely to have a number of questions), or those who are disabled and struggle to get to their PCP’s office.
Simple medical devices in the home can even be used to help provide vitals and diagnostic information to the doctors so a more accurate diagnosis is possible.
Telemedicine is typically far less expensive than an office visit — for both the patient and the insurance company. In fact, there’s no copay for telemedicine, making it an attractive option for those with copays on the higher end of the spectrum (especially for specialists) or for those who might be tight on cash.
Cons of Telemedicine:
When employees take time off work to visit the doctor, it decreases productivity. It’s no one’s fault, necessarily — it’s just a fact. Depending on how far the doctor is from the employer, they may need take a half-day — as most doctors do not offer weekend hours. Telemedicine will not only save your employees’ time, but it will save you time as well. They can use a lunch break to call a tele-doc and get a quick medical opinion.
Healthy employees are more productive (both from a stress and medical leave standpoint), but they’re also less expensive. Remember that group health insurance rates are based off of past claims history, so the more expensive the claims that are made, the higher your rates will go.
Telemedicine services can help catch illnesses early, which can not only save your employees lives, but it also saves money. Perhaps someone knows they should get that mole checked out, but getting into the dermatologist is tough — and time-consuming. A tele-doc can take a look at the mole and offer suggestions, whether it be to keep an eye on it and take additional measurements and pictures or to make an appointment with the dermatologist, after all.
If you’re interested in offering telemedicine services to your employees, check with your employee benefits broker to see what options are available. The availability may surprise you: telemedicine plans are becoming so popular that some carriers, such as Blue Cross Blue Shield, are baking it into their medical plans. The state of Arizona even requires that all private health insurance plans pay for telemedicine services across the entire state — not just rural areas.
Still have questions about telemedicine? Schedule a complimentary benefits review for your firm. We’re happy to help!
About JP Griffin Group
The JP Griffin Group consults for discerning companies coast-to-coast, ranging in size from 10 to more than 30,000 employees. In addition to our Scottsdale, Arizona headquarters, we have bi coastal offices in Seattle, WA and Washington, DC.
*This post was originally published on May 2, 2017