Table 1.
Economic Value of Time Saved—Baseline Scenario Pre-COVID-19 Levels of Teleconsultations
| Telemedicine usage scenario (CAD, million, per year) | ||||
|---|---|---|---|---|
| 5 per cent | 10 per cent | 25 per cent | 50 per cent | |
| Panel A. GDP only | ||||
| Canada | 64.00 | 384.06 | 1,344.75 | 2,947.62 |
| Newfoundland and Labrador | 0.98 | 5.87 | 20.55 | 45.05 |
| Prince Edward Island | 0.18 | 1.10 | 3.84 | 8.42 |
| Nova Scotia | 1.29 | 7.74 | 27.11 | 59.43 |
| New Brunswick | 1.06 | 6.36 | 22.28 | 48.83 |
| Quebec | 12.75 | 76.53 | 267.95 | 587.33 |
| Ontario | 24.70 | 148.23 | 519.01 | 1,137.65 |
| Manitoba | 2.04 | 12.27 | 42.96 | 94.17 |
| Saskatchewan | 2.30 | 13.79 | 48.27 | 105.81 |
| Alberta | 9.78 | 58.66 | 205.39 | 450.20 |
| British Columbia | 8.56 | 51.37 | 179.87 | 394.27 |
| Territories | 0.32 | 1.90 | 6.65 | 14.57 |
| Panel B. GDP plus value of leisure | ||||
| Canada | 108.83 | 653.03 | 2,286.37 | 5,011.03 |
| Newfoundland and Labrador | 1.66 | 9.98 | 34.94 | 76.58 |
| Prince Edward Island | 0.31 | 1.87 | 6.53 | 14.32 |
| Nova Scotia | 2.19 | 13.17 | 46.10 | 101.04 |
| New Brunswick | 1.80 | 10.82 | 37.88 | 83.02 |
| Quebec | 21.68 | 130.12 | 455.57 | 998.47 |
| Ontario | 42.00 | 252.04 | 882.44 | 1,934.04 |
| Manitoba | 3.48 | 20.86 | 73.04 | 160.08 |
| Saskatchewan | 3.91 | 23.44 | 82.07 | 179.87 |
| Alberta | 16.62 | 99.74 | 349.20 | 765.35 |
| British Columbia | 14.56 | 87.35 | 305.82 | 670.26 |
| Territories | 0.54 | 3.23 | 11.30 | 24.78 |
Notes: Table reports monetised benefits of telemedicine across different usage scenarios (5 per cent; 10 per cent; 25 per cent; 50 per cent). Estimated are the GDP value of time saved and the economic value of additional leisure time associated with a reduction of time spent visiting a primary care provider. The reported values by scenario are compared against a pre-pandemic baseline scenario of 4 per cent adoption of teleconsultations. We estimate that if the proportion of primary care consultations in Canada that are held remotely increases to 5 per cent (from a 4 per cent baseline), the value of time saved in GDP terms is CAD 64m per year. Considering the economic value of leisure as well, this increases to CAD 109m per year. An increase to 10 per cent remote consultations (from a baseline of 4 per cent) is estimated to result in an increase of Canada's GDP by CAD 384m per year. Considering additionally the economic value of leisure, this value increases to CAD 653m per year.