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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CB Insights Unveils ‘Digital Health 150’ List of Startups Transforming Healthcare
- CB Insights unveils first-ever annual ‘Digital Health 150’ list of digital health startups working to transform the healthcare industry. - The Digital Health 150 companies span a wide spectrum of categories that involve all three key stakeholder groups for the healthcare industry — providers, payers, and patients. - A total of 17 companies on the list are unicorns (private companies valued at $1B+). Of these, 12 companies are US-based, 3 are based in China, 1 is based in France, and 1
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Global Chatbots in Healthcare Market to Reach $498M by 2029
- Global chatbots in healthcare market to reach $498M at a compound annual growth rate (CAGR) of 26.29% between 2019 and 2029. - Factors driving the growth of the chatbots in healthcare market is the rising market penetration of smart devices and improved internet connectivity, need for cost optimization and customer experience enhancement.- These AI-enabled tools can significantly help healthcare providers prevent losses from missed appointments, thereby saving $200 per missed
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UK Startup Babylon Health Raises $60M to Offer AI-Powered Chatbot for London Patients
Babylon Health, a London-based digital health startup has raised $60 million in funding from undisclosed investors. The startup plans to utilize the funding round to scale its artificial intelligence capabilities for its chatbot that provides useful advice from real doctors, from anywhere. The chatbot uses machine-learning algorithms to analyze an individual’s health profile and suggest possible future illnesses.Founded in January 2013 and launched to the public in April 2014, babylon health
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