Estimating the Economic Impact of Telemedicine in a Rural Community
One commonly discussed benefit of broadband access in rural America is the potential for telemedicine visits that allow rural residents to take advantage of urbanized medical services. While the primary benefit of telemedicine is often viewed as improved health care access, the availability of these services also offers significant economic contributions to the local community. Site visits to 24 rural hospitals of varying size over a four-state area in the Midwest provide information to develop a methodology for estimating telemedicineâ€™s economic impact. Using this technique, telemedicine services contribute between $20,000 and $1.3M annually to these local economies, with an average of $522,000.
Volume (Year): 40 (2011)
Issue (Month): 2 (August)
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- Nancy E. Bockstael, 1999. "The Use of Random Utility in Modeling Rural Health Care Demand: Discussion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(3), pages 692-695.
- Goetz, Stephan J. & Debertin, David L., 1994. "Locational Choices of Medical Doctors: A U.S. County-Level Analysis," Staff Papers 159236, University of Kentucky, Department of Agricultural Economics.
- Susan M. Capalbo & Christine N. Heggem, 1999. "Valuing Rural Health Care: Issues of Access and Quality," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(3), pages 674-679.
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