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A new study, authored by Arthur L. Wilmes, FSA, MAAA, principal & actuary at Milliman, estimated the impact of online care by developing individual actuarial cost models for a commercial and Medicare population from internal Milliman data sources. And here’s the money quote from the Government Technology website report:
The majority of savings estimated in Milliman’s analysis came from the potential for substitution of non-emergent ER visits and in-person visits (both acute and follow-up) with lower-cost live interactions using an online care platform. The savings for the commercial population amounted to 9.2 percent for the services analyzed, representing an estimated 1.2 percent reduction in overall medical costs. For Medicare, the savings amounted to 12.1 percent for the services analyzed, equivalent to an estimated 1.2 percent of overall medical costs. Milliman also identified other potential clinical applications of online care with cost savings potential, including chronic patient management, early disease detection and care management.
(Thanks to ICMCC)
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