RESTON, Va., Aug. 3, 2021 /PRNewswire/ -- SOC Telemed (NASDAQ:
TLMD), the largest national provider of acute care telemedicine,
today announced an expansion of its partnership with UnityPoint
Health from three hospitals to an additional four hospitals across
two markets.
Based on the success over the past three years working with SOC
Telemed, UnityPoint Health is expanding its telePsychiatry
services, adding the Telemed IQ telemedicine platform and
SOC-provided psychiatrists to four additional hospitals. In
Des Moines, Iowa, additional
hospitals include Iowa Methodist Medical, Iowa Lutheran Hospital
and Methodist West Hospital. In Cedar
Rapids, Iowa, it includes St. Luke's Hospital. SOC Telemed
will go live with telePsychiatry services for UnityPoint Health in
the second half of 2021 in both markets.
SOC Telemed's relationship with UnityPoint Health began in 2018
at Allen Hospital, a not-for-profit community hospital located in
Waterloo, Iowa. The facility used
Telemed IQ, SOC Telemed's telemedicine platform, to drive their
enterprise telePsychiatry solution, resulting in improved
psychiatric care, including reduced length of stay, improved
throughput in the emergency department and a substantial ROI for
the hospital.
"Our successful partnership with SOC Telemed at Allen Hospital
showed that we could help alleviate the stress placed on our other
facilities," said Calvin Heller,
Director, Telehealth, UnityPoint Health. "SOC Telemed is a helpful
morale booster to our doctors and nurses while also providing
best-in-class care for our patients."
Prior to implementing SOC Telemed's enterprise solution, Allen
Hospital had one full-time psychiatrist staffing its 21-bed
behavioral health unit. Patients requiring mental health
evaluations faced extended wait times.
The SOC Telemed and Allen Hospital partnership produced dramatic
results:
- Average length of stay for mental health patients fell 11.87
hours[1]
- Allen Hospital avoided more than $1.7
million in annualized boarding costs
- Implementation of the SOC Telemed enterprise telemedicine
solution resulted in an annual ROI of 281% [2]
"UnityPoint Health's multi-site expansion of our relationship
illustrates the value a partnership with SOC Telemed can deliver,
as together we have helped improve both patient and provider
experience," said Ron Egan, Chief
Customer Officer, SOC Telemed. "Across the nation, our hospital
partners face the increasingly difficult challenge of caring for
patients as utilization is up while access to specialty physicians
declines. We are confident the combination of our highly secure
Telemed IQ platform and the breadth and strength of our clinical
solutions will ensure we remain the acute care partner of
choice."
[1] These results are based on a comparison of the
12-month period prior to implementing telePsychiatry to the
21-month period post-implementation of telePsychiatry.
[2] The ROI calculation is based solely on a
reduction in patient boarding costs.
About SOC Telemed
SOC Telemed (NASDAQ: TLMD) is the
leading national provider of acute telemedicine technology and
solutions to hospitals, health systems, post-acute providers,
physician networks, and value-based care organizations since 2004.
Built on proven and scalable infrastructure as an enterprise-wide
solution, SOC Telemed's technology platform, Telemed IQ, rapidly
deploys and seamlessly optimizes telemedicine programs across the
continuum of care. SOC Telemed provides a supportive and dedicated
partner presence, virtually delivering patient care through
teleNeurology, telePsychiatry, teleCritical Care, telePulmonology,
teleCardiology, teleInfectious Disease, teleNephrology,
teleMaternal-Fetal Medicine and other service lines, enabling
healthcare organizations to build sustainable telemedicine programs
across clinical specialties. SOC Telemed enables organizations to
enrich their care models and touch more lives by supplying
healthcare teams with industry-leading solutions that drive
improved clinical care, patient outcomes, and organizational
health. The company was the first provider of acute clinical
telemedicine services to earn The Joint Commission's Gold Seal of
Approval and has maintained that accreditation every year since
inception. For more information,
visit www.soctelemed.com.
Media Relations:
Lauren Shankman
Trevelino/Keller
lshankman@trevelinokeller.com
Investor Relations:
Steve Rubis
Vice President, Investor Relations
SOC Telemed
P: (571) 371-9209
C: (214) 681-7991
srubis@soctelemed.com
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SOURCE SOC Telemed