Dr. Blake McKinney has medical licenses in 49 states and a 50th likely on the way, which would probably put him into a small but flourishing group of physicians who see a big future online.
Telemedicine typically involves medical consults via the web and smartphone apps and it requires that doctors have licenses to treat patients wherever they are. The telemedicine allows them to treat patients in a remote location without teleporting!
Although the telemedicine market has been available for more than a decade, it interfered with the mainstream after the regulations increasingly shifted to favor its adoption. According to a recent report, the market is expected to hit $130 billion by 2025, as more insurance plans start covering the cost of virtual visits.
Whether it’s a flu medication, hair loss treatments or birth control remedy, venture-backed start-ups are now prescribing everything online. The companies all either employ doctors, contract with a physician network or do a bit of both.
Telemedicine start-ups can either opt for hiring a lot of doctors with one or two licenses or retain a smaller team of people who can work across many states. McKinney’s company CirrusMD, chose the second approach, as did virtual care start-up Lemonade, which is based in San Francisco and has three doctors on staff, each with 50 licenses.