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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Teladoc | News, Analysis, Insights - HIT Consultant
Analysis: August Health IT M&A Activity; Public Company Performance
– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of August 2020.
M&A is back and the velocity of the rebound has outpaced all expectations. The recovery quickly worked its way across the spectrum from large to small-cap, beginning with the larger cap NASDAQ rally of nearly 80% from lows in late March (only to soften in recent days), followed by multi-billion
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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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Teladoc Health and Livongo Merge in $18.5B Deal: 5 Things to Know
What You Should Know:
- Teladoc Health to merge with Livongo for $18.5B in cash
and stock to create a powerhouse leader in consumer-centered virtual care.
- Teladoc Health shareholders will own approximately 58
percent and existing Livongo shareholders will own approximately 42 percent of
the combined company.
- Jason Gorevic, current CEO of Teladoc Health, will be
the CEO of the combined company.
Teladoc Health
(TDOC) and Livongo (LVGO), today
announced that they have entered
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Virtually or In-Person, Automation Improves The Healthcare Experience
Muthu Alagappan, MD, Medical Director at Notable Health
The COVID-19 pandemic has caused an unprecedented shift in the way consumers view and access a variety of goods and services—and healthcare is no exception. Recent studies show that many patients, including vulnerable populations like those living with cancer, are delaying recommended care and procedures—and will continue to do so for at least several months amid fears over the safety of in-person visits. In response, reports of
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The New Normal: Rethinking Healthcare Delivery in a Post-COVID World
Mansoor Khan, Sc.D., co-founder and CEO of Persivia
It’s becoming clearer that, while we are all hoping that things are going to go back to the way things were at the beginning of the year, the COVID-19 crisis will result in a new normal. That’s especially true in healthcare, due to four issues that are being wildly amplified by the COVID-19 crisis. Namely:
1. The US government has huge deficits, and healthcare is a major driver of the unsustainable increase in these deficits.
2.
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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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Welkin Health Appoints Dr. Adrian Rawlinson Chief Medical Officer
Dr. Adrian Rawlinson, Chief Medical Officer at Wellkin Health
What You Should Know:
- Wellkin Health appoints former him and hers executive Dr. Adrian Rawlinson as the company’s new Chief Medical Officer.
- In his new role as Chief Medical Officer. Dr. Rawlinson will focus on establishing a Clinical Advisory Board and Clinical User Group.
Welkin Health, a San Francisco-based digital health company, announced the appointment of Dr. Adrian Rawlinson to the company as Chief
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Coronavirus Drives Teladoc’s Daily Virtual Medical Visits Up 50%
What You Need to Know:
- In response to the coronavirus (COVID-19) pandemic, Teladoc Health reports that its daily virtual medical visit volume has spiked 50% over the prior week.
- Teladoc Health has provided approximately 100,000 virtual medical visits to patients in the United States in the past week.
Virtual
care provider Teladoc Health
announced that the company is experiencing unprecedented daily visit volume in
the United States as the novel coronavirus (COVID-19)
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