1) COVID-19 Has Driven Revenue Up 77%
The headline revenue data (summarised below) provides very positive news for AmWell and its new investor, Google. Notably:
- Even prior to COVID-19, the company was growing well with revenues increasing by 31% in 2019 compared to 2018.
- This rate of growth has accelerated in 1H20, with overall revenue up 77% in the same period in 2019.
- The 2019 growth was partly driven by a small increase in the number of health plan subscription customers and
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Technology
Optimize.health Raises $15.6M for Remote Patient Monitoring Platform
What You Should Know:
- Optimize.health raises $15.6M in Series A funding to accelerate access to and adoption of its remote patient monitoring platform.
- Optimize.Health enables improved access to care, more
favorable health outcomes, and contained healthcare costs through the
combination of high-quality monitoring devices and a user-friendly,
HIPAA-compliant digital platform that supports two-way video calls and text
conversations between patients and their
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U.S. Telemedicine App Downloads Spikes During COVID-19 Pandemic
What You Should Know:
- US telemedicine app downloads see dramatic increases during the COVID-19 pandemic, with some seeing an 8,270% rise YoY.
Downloads of U.S. Telemedicine apps from leading telehealth companies have reported dramatic increases in demand for their services in the US since the COVID-19 pandemic began, according to GlobalData, a leading data, and analytics company. Some of the biggest benefiters have been the Synzi Virtual Care app for physicians, which saw a whole
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2020 Virtual Care: Navigating Patient Care In A Post-COVID-19 World
Updox, the only place to
manage healthcare communications across both in-person and virtual care, today
released its 2020
Virtual Care Report: Patient Care in a Post-COVID World that details the
rapid transformation telehealth saw during COVID-19, how it is currently being
used, physician and patient expectations for telehealth post-COVID -- and how
virtual care spanning the entire patient experience will become the new
precedent.
At the start of the COVID-19
pandemic, telehealth
became the
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How the Simple Telehealth Visit Will Revolutionize Care Delivery and Disease Management
The impact of COVID-19 on the healthcare industry’s ability to innovate has been stunning. We have seen FDA emergency authorizations and relaxed regulatory guidelines enable the development of radical new ventilator ideas, accelerated timelines for vaccine development, and an extraordinary transition to telehealth services. Many of these actions were a response to the exposure of weak spots in our healthcare system, but even as those weaknesses have been shored up (in large part due to public
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Keck Medicine of USC Deploys Virtual Check-Ins to Reduce Risk of COVID-19 Exposure
What You Should Know:
- Keck Medicine of USC, a world-class academic medical
center in Los Angeles, has deployed Lumeon’s SMS-based virtual check-in
solution to support physical distancing and reduce the risk of COVID-19
exposure at its facilities.
- Keck Medicine is now more safely managing check-ins for more than 80,000 patients per month. During the first ten days of system operation, 67% of eligible patients checked-in virtually for their appointments.
To support physical
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FCC Releases Guidance for $100M Connected Care Pilot Program
What You Should Know:
- FCC releases Public Notice providing additional
information and guidance for potential applicants interested in applying for
its Connected Care Pilot Program.
- The Connected Care Pilot Program will provide up to
$100 million from the Universal Service Fund (USF) over a three-year period to
selected applicants to support the provision of connected care services.
The Federal Communications
Commission (FCC) today released a Public Notice
providing additional
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Blue Shield of CA Launches Digital “Neighborhood Health Dashboard” for Public
What You Should Know:
- Blue Shield of California and mySidewalk unveil innovative
“Neighborhood Health Dashboard” to help improve community health across the state.
- The Neighborhood Health Dashboard uses data intelligence from dozens of sources to create a comprehensive picture of a community’s health including health outcomes, preventative health care, utilization and access, health behaviors, social risk factors, and environmental and economic health conditions.
Blue Shield of
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FCC, HHS, and USDA Team Up for Rural Telehealth Initiative Task Force
What You Should Know:
- Agencies sign a memorandum of understanding to establish an interagency Rural Telehealth Initiative Task Force comprised of representatives from each agency to keep rural Americans connected to vital health services.
The Federal Communications Commission
(FCC), U.S. Department of Health and Human
Services (HHS), and U.S. Department of
Agriculture (USDA) today announced that they have signed a Memorandum
of Understanding to work together on the Rural Telehealth
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Catapult Health Launches VirtualCheckup to Deliver Clinical Preventative Care
What You Should Know:
- Catapult Health, today announced the release of VirtualCheckup to bring annual checkups to nearly any location – combining telehealth, clinic diagnostics, COVID-19, and depression screenings to address the health concerns of today – perfect for remote employees and partners, and covered by most commercial plans.
- Prior to each visit, participants will be mailed a
VirtualCheckup home kit that contains a blood pressure monitor, a
next-generation finger stick blood
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