Cost-Benefit Analysis of Implementing Telemedicine in the ICU

Abstract

Tele-ICU implementation costs can be significant, and it is important for organizations to understand the various components of the costs involved. A careful cost-benefit analysis is highly recommended given the unique needs and goals of each organization. In the absence of direct commercial revenues from insurers for patient encounters via tele-ICU services, organizations might consider evaluating financial benefits in a more global context factoring in indirect revenue sources, cost avoidance, and cost reductions due to enhanced efficiency of service delivery. In order to demonstrate tangible financial benefits, deep integration into bedside ICU services is essential. This chapter provides an overview of implementation costs, revenue sources, and a framework for cost-benefit analysis for tele-ICU implementation.