Telemedicine: Future depends on how telecommuting is accepted

This has a fascinating insight into telecommuting. There are several “outliers” that don’t herald a trend but merit consideration. I feel that in the long term, hospitals would feel compelled to offer “teleconsultations” (especially if they check the thorny issues of payments and insurance payouts). It could be possible for, say, pathologists to interpret the reports or for the radiologists to offer their opinion. However, the payment structures remain messy. Teleradiology is a race to the bottom because incentive structures are lopsided.

The coronavirus pandemic has upended a lot of industries. I am looking at common threads, at how it may visibly affect the healthcare in times to come.

One of the fundamental questions of urban economics is why economic activity tends to be clumped together in metro areas, and often clumped together in certain parts of urban areas, rather than being spread out more evenly across the landscape. The broad answer is that there are “economies of agglomeration,” which is a fancy way for saying that workers who are physically located near each other tend to be more productive, as they share ideas and goals and motivate and interact with each other. There is a large body of empirical evidence on the concentration of economic activity, as well as high productivity and innovation, within specific locations. My suspicion is that the wise and career-oriented telecommuter will still want to find a way to make regular in-person appearances at these locations.

CONVERSABLE ECONOMIST: Will Telecommuting Stick?

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