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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Virtual Healthcare | 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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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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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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Biofourmis Lands $100M to Expand AI-Powered Digital Therapeutics Platform
What You Should Know:
- Boston-based digital therapeutics leader Biofourmis
just closed a $100 million Series C funding round led by SoftBank,
bringing its total funding to $145M.
- Biofourmis will be using the funding to develop, validate and commercialize several released and unreleased digital therapeutics solutions across cardiology, oncology, respiratory, and pain, with a focus on the United States and key Asian markets, including Asia Pacific, China, and
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Why EHR Interoperability is Critical for Telehealth
Telehealth has recently taken off as a way to prevent the spread of the novel coronavirus, but even though telehealth has been around for several years, clinics had difficulty adopting it pre-COVID-19. This caused clinics to not view telehealth as a viable option, and it was often seen as a last resort approach to healthcare.
As reducing the spread of COVID-19 became paramount, Medicare and Medicaid were forced to develop telehealth service codes, and clinics were tasked with finding an
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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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Validic Launches New Remote Patient Monitoring Solution, Requires No EHR Integration
What You Should Know:
- Validic launches the newest version of its remote
patient monitoring (RPM) offerings, Validic Impact: Rapid Deployment.
- This new standalone version of Validic Impact requires
no EHR integration and can be used as a fully standalone solution.
Validic, a Durham,
NC-based provider of health data platforms and solutions for scaling remote
patient monitoring (RPM), has announced the release of a major update to its
remote patient monitoring
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The Coronavirus Crisis’ Silent Death Toll: Chronically Ill Patients
The impact of the coronavirus crisis is shining a bright light on many of the challenges facing the U.S. healthcare system.
So much more than a lack of primary care physicians and hospital beds, the all-hands-on-deck approach to combating the spread of COVID-19 has forced patients fearful of engaging with the healthcare system for needs unrelated to the virus to put elective procedures, routine care and timely treatment for chronic or critical conditions on the back burner.
Compounding
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