How much should telemedicine cost an employer?
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How much should telemedicine cost employers?

Providing unlimited access to 24/7 healthcare and connecting employees to doctors in minutes sounds convenient…but it also sounds really expensive. Telemedicine can turn out to be another benefit that an employer buys and sees no value added because employees are not using it, but it doesn’t have to be.  Health benefits and health benefit costs are the bread and butter for telemedicine.  Lets answer the question: how much does telemedicine cost employers?

 

Business models and pricing structures vary across telemedicine providers. Per employee per month (PEPM) prices for a telemedicine benefit typically range from $2-$15. On top of the PEPM, many providers charge $20-$50 per consultation fees to the employee. At first glance, a service with a low monthly fee and a consultation fee might seem like the least expensive and lowest risk option. Upon deeper analysis, exactly the opposite is true. Requiring a fee at the time of service creates a barrier to employees actually using the service. Because telemedicine can save employers money (especially those that are self-funded) from avoided visits to doctors’ offices, urgent care facilities, and ERs, employers need a pricing model that encourages, not discourages, utilization among employees. Out-of-pocket fees kill utilization.

Some telemedicine providers use a low PEPM “sticker price” to attract business; in reality, there are onboarding fees, consultation fees, excess utilization fees, and communication campaign fees. If you want employees to use the service (and thus generate savings back to your organization), you need a provider with a strict PEPM model with no additional, hidden fees.

WebDocOnline’s telemedicine model uses such a model – a strict PEPM that covers all costs and does not charge for utilization.   In fact not only do we not charge but we help you promote it. WebDocOnline doesn’t stop there, we also extend the same benefits to your employees family at no additional telemedicine cost!

Over 70% of ER and urgent care visits can be avoided every time an employee or their family member makes a telemedicine “visit” by talking to a doctor over the phone. Every urgent care facility or ER visit avoided creates huge savings. But to realize these savings, utilization is critical. WebDocOnline promotes utilization, increasing utilization rates to 5x higher than the industry average. What makes it all work is WebDocOnline’s customized engagement campaigns. Similar providers are happy to collect the fees from the company, but they’re not really invested in getting employees to actually use the service. Compare that to WebDocOnline, which goes on the offensive, launching a full-fledged, year-long engagement campaign throughout the company to generate awareness. Member ID cards, custom flyers, emails, Posters, and postcard reminders are just some of the ways in which First Stop Health can help ensure all employees are aware of the new benefit. Due to WebDocOnline’s unique pricing model our goals and the goals of the customer are perfectly aligned. The more employees that use the telemedicine service, the more money employers and employees save.

So with WebDocOnline how much should telemedicine cost?  Telemedicine cost, including your major medical health insurance, is less than you are paying for just your major medical by itself!  So, telemedicine cost is money saved!

How much should telemedicine cost employers? Learn more about corporate rates

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12 responses to “How much should telemedicine cost employers?”

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