What You Should Know:
- MedTech Breakthrough announces 2020 MedTech Breakthrough Award Winners that recognizes the top companies, people, platforms, and products in the health, fitness, and medical technology industries today.
- The 2020 MedTech Breakthrough Awards program is open to all individuals, companies, and organizations involved in producing digital health and medical technology products and services.
MedTech
Breakthrough, a market intelligence organization that
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Amwell Raises $194M to Expand Telehealth Platform to Combat COVID-19 Pandemic
What You Should Know:
- Telehealth leader American Well (Amwell) raises $194 million in Series C funding in an effort to expand to better serve patients and healthcare providers amid the COVID-19 pandemic.
- As COVID-19 swept across the United States, Amwell has seen a significant expansion in the usage of its core Amwell Platform.
American Well® (Amwell), a
national telehealth technology
and services company announced it has raised $194 million in Series C funding
with
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COVID-19 and Its Global Impact on Primary Care Virtual Consultations
Last week saw Teladoc Health release its 1Q20 financial results giving the US telehealth industry a first glimpse of how COVID-19 is impacting the ambulatory virtual care market. Discussion around the crisis and its impact on telehealth has been rife since early March and the data published by Teladoc Health highlights that this was justified.
The company reported that the number of virtual care consults in the quarter had passed the 2 million mark, up approximately 60% from the 1.24M
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KLAS: COVID-19 Guide to Telehealth Virtual Care & Remote Care Platforms
What You Should Know:
- New KLAS telehealth reports aims to aims to provide high-level COVID-19 guidance helpful to healthcare organizations on the virtual care and remote care platform vendor landscape.
- Includes high-level overviews of validated vendors’ current customer satisfaction, key questions to consider in building a strategy, and a consolidated view of KLAS’ previously published telehealth reports.
Telehealth
adoption in healthcare until recently had been increasing at a
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Redox Launches Rapid Deployment Telehealth Model for Providers to Go-Live in Less Than 2 Weeks
What You Should Know:
- Redox today announced a new rapid-deployment program that helps telehealth software vendors go live and integrate with healthcare organizations in less than two weeks - a process that typically takes 16-18 weeks.
- Telehealth as a virtual care model has been available for years, but only now is it taking center stage as the primary method to provide care in a world of social distancing. But deploying a telehealth solution at a healthcare organization is complex and
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Amwell Launches National Coronavirus (COVID-19) Telehealth Response Program
What You Need to Know:
- Amwell launches a national Coronavirus (COVID-19) telehealth response program to help hospitals, health systems, and health plans manage and mitigate coronavirus spread.
- Telehealth can serve as a force multiplier in the public health response to the COVID-19 outbreak, improving access to care directly from the home.
- Amwell has established an always-on-call infection control officer, COVID-19 specific workflows to guide clinical operations and quality, and
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Amwell Named The #1 Most Downloaded Telehealth App
Amwell, American Well's consumer-facing mobile app for live, online doctor visits, is the #1 most downloaded telehealth app for the second year in a row. According to App Annie, a market intelligence leader in app analytics revealed that Amwell was the most popular telehealth app of 2014 and 2015 in the U.S., based on combined iOS and Google Play downloads1.
The telehealth app gives people the ability to see a doctor of their choosing by video, in less than three minutes on average. Amwell
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In-Person Visit vs. Telehealth Visit? Time Is Money
A recent study released by Harvard Medical School (HMS) published in The Journal of the American Medical Association (JAMA) found that the average total visit time for typical in-person medical visits was 121 minutes. This total time spent includes 37 minutes in travel time and 84 minutes in the clinic waiting and filing in paperwork.
Of the 84 minutes, only 20 minutes were spent face-to-face with a doctor. HMS estimates that the average opportunity cost per visit was $43 (not including cost
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