Strategic Focus on Telepsychiatry Industry

Telepsychiatry is the application of telemedicine to the field of psychiatry. The term typically describes the provision of psychiatric assessment and care through telecommunications technology, usually video conferencing. Telepsychiatry services can be offered through intermediary companies that work with institutions to increase care capacities, or through individual providers or groups of providers.

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Some of the key players of Telepsychiatry Industry:

Encounter Telehealth, Iris Telehealth, American Telepsychiatrists, JSA Health Telepsychiatry, LLC, Arcadian Telepsychiatry, InnovaTel, FasPsych, InSight Telepsychiatry, Advanced Telemed Services, Genoa

Most often, encounters with telepsychiatry occur in medical facilities under the supervision of on-site staff, although home models are accepted as long as they meet HIPAA standards. One of the drivers of the growth of telepsychiatry in the US has been a national shortage of psychiatrists, particularly in specialty areas such as child and adolescent psychiatry. Telepsychiatry enables fewer doctors to care for more patients by making better use of the psychiatrist's time.

Telepsychiatry can also make it easier for psychiatrists to treat patients in rural or underserved areas by eliminating the need for a party to travel. The most common means of coverage for telehealth services in the United States is to include coverage in the Medicare program. Medicare reimbursement must meet federal requirements for efficiency, economy, and quality of care.