Telemedicine_ResBrief3_Feb3_2021
This paper constructs a theoretical framework that aids in evaluating people’s subjective utility of telemedicine, empirically tests the factors related to utility assessment, and employs relevant factors to compute the economic value of telemedicine for Illinois. The ‘value’ analysis, performed at the county level, is based on a combination of secondary analysis of survey data from MCBS, and CMS’ Carrier file data. Results of data analysis suggest that from 2019 to 2020, telemedicine generated $1bil in healthcare savings for IL. The paper provides an interactive computer application to visualize value metrics for the counties.