Tuesday, July 23, 2013

B.C. taps into growing telehealth technology trend

http://www.biv.com/article/20130723/BIV0112/307239917/bc-taps-into-growing-telehealth-technology-trend

Livecare is one of two Vancouver companies to launch new telemedicine services in B.C. in recent weeks.
 Until recently, a major barrier to telemedicine in Canada was billing. But in the past 18 months, most provinces in Canada have introduced new billing codes to allow doctors to bill their provincial health ministries for telemedicine visits.

Medeo CEO Ryan Wilson said telemedicine could benefit the health-care system by reducing hospital visits.


IMS Research estimates the global telehealth market will be worth $6.28 billion by 2020. It’s a space that Telus (TSX:T) has developed as a separate business entity, investing $1 billion in telehealth through its Telus Health division.
Last year, it acquired Vancouver’s Wolf Medical Systems – which developed electronic medical records – for $30 million. Telus Health services include remote patient monitoring, where people can take their own blood glucose tests or blood pressure and upload the information to health-care providers.
Telus’ Pharma Space allows people to refill prescriptions online using their computers or smartphones.

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