Popular on TelAve
- Financial Solutions Inc. Receives the 2020 Best of Sheridan Wyoming Award
- Ismail Sirdah on New Innovations in Event Promotion Marketing for a Post-COVID-19
- RiseUP TV! Why COVID is NOT slowing us down!
- DMS Prioritizes Health & Wellbeing Of Employees
- Intern Pursuit Partnering With WVBR 95.3 FM
- AvoLimo LLC-Colorado and COVID-19
- Green Health Eugene and COVID Information
- GDS21 Launches Global Hearts Local Business Training Series
- Reduce Your Stress While Getting The Best
- Catastrophe bond market breaks all records in 2020
Similar on TelAve
- Ismail Sirdah Describes the Best Practices for Holding Corporate Events
- CEO Coaching International Congratulates Client Orion Energy on Successful Capital Partnerships
- Rustic Deco Launches B2B Wholesale Furniture Website
- Introducing BIAMI.IO Apps Framework
- 'Aesthetic Institute of Massachusetts' Announces Rebranding to 'Aesthetic Mentor'
- OCC Adopts Final Rule Requiring Large Banks to Provide Fair Access to Banking Services
- The Antenna Company Announces Venture Debt Financing Agreement with Brabant Development Agency (BOM)
- CEO of Industrial Giant ABB in Brazil Joins CEO Coaching International
- Best Advertising Methods To Attract People To Your Events Post COVID-19 by Duluth Businessman Ismail Sirdah
- Thirteen MBK Senior Living Communities Receive "2021 Best of Senior Living" Distinction
Braeden Lichti: Digital Health Trends in 2020
TelAve News/10654772
VANCOUVER, British Columbia - TelAve -- 2020 was the largest funding year ever for digital health, primarily because COVID-19's social distancing requirements necessitated a shift to digital health via telemedicine. According to Rock Health, the "stock market's sharp recovery and pandemic-initiated policy and regulation changes that have enabled large competitive moves and commercialization activities." Looking ahead to the ensuing years, new entrants to digital health, such as major tech players Amazon, Google, and Apple, will continue to disrupt the standard care delivery model by developing novel digital health solutions.
2019 saw six major IPOs: Livongo (LVGO), Change Healthcare (CHNG), Health Catalyst (HCAT), Phreesia (PHR), Progyny (PGNY), and Peloton (PTON). In late 2020, Livongo merged with Teledoc, in a deal that only took three months. Teladoc paid $18.5 billion in cash and stock for Livongo, a company providing diabetes monitoring and remote monitoring. The merger created, as Fierce Healthcare writes, a "health technology giant" just in time for the increased need for virtual health due to the pandemic. Teladoc's acquisition of Livongo is anticipated to bring revenue growth of 30% to 40% in the next few years.
More on TelAve News
The digital health care space continues to evolve as tech companies and retailers partner with health care companies to fulfill consumer needs. Amazon recently launched Amazon pharmacy, an online drugstore that allows patients to obtain prescriptions via the retail commerce website. In 2019, digital health therapeutics company DarioHealth finalized a deal with Walmart to distribute its diabetes management system. Dario Health (DRIO)'s Q3 2020 financial results represented a 9.3% increase in revenues since Q3 2019. This growth stems from the scaling of U.S. commercial sales and marketing infrastructure, as well as agreements with companies such as Vitality Group and HMC Healthworks.
Two digital health trends in 2019 that continued this year are behavioral health and the adoption of digital health tools.
Behavioral health covers service areas from basic wellness, to treatment of disease, and to company platforms which offer different services. For example, a variety of digital apps provide online therapy via telehealth sessions. Therapists may have specific areas of expertise, such as anxiety, depression, Post-Traumatic Stress Disorder (PTSD), addiction, and so on. Because the pandemic has exacerbated mental health problems, digital behavioral health can be an easy way to gain access to mental health services at a time when it is most needed.
More on TelAve News
Adoption of digital health tools has taken off during the COVID-19 pandemic as well, as people find themselves with less access to physical doctor's offices. Research by RockHealth shows an especially big jump has occurred in the tracking of digital health, and people who track their digital health are also more likely to share their personal information with their physician. Consumers most often track measures related to chronic conditions, such as diabetes, obesity, and hypertension. These three conditions are also three of the most common predictors of severe COVID-19 in people who contract the disease, so managing these conditions and controlling them without access to high-risk areas such as hospitals has been essential.
The digital health industry will continue to grow into 2021. Innovation in the diagnosis and management of other chronic conditions beyond diabetes, obesity, and hypertension are ripe for disruption and should draw attention. Harvard Business Review suggests that behavioral phenotyping could be a way for digital health solutions to become more personalized and effective. Such technology is already part of digital platforms not related to health, such as Amazon or Netflix's product recommendations.
Expedited growth and mergers & acquisitions (M&A) should be expected among companies developing novel digital diagnostics, remote patient monitoring, virtual continued care, and decentralized health data solutions for the other leading chronic diseases such as chronic kidney disease, chronic obstructive pulmonary disease, and cardiovascular diseases.
2019 saw six major IPOs: Livongo (LVGO), Change Healthcare (CHNG), Health Catalyst (HCAT), Phreesia (PHR), Progyny (PGNY), and Peloton (PTON). In late 2020, Livongo merged with Teledoc, in a deal that only took three months. Teladoc paid $18.5 billion in cash and stock for Livongo, a company providing diabetes monitoring and remote monitoring. The merger created, as Fierce Healthcare writes, a "health technology giant" just in time for the increased need for virtual health due to the pandemic. Teladoc's acquisition of Livongo is anticipated to bring revenue growth of 30% to 40% in the next few years.
More on TelAve News
- expEDIum Direct Pay®, seamless online payment added to iTech's expEDIum Medical Billing®
- China Refuses to Accept Service of Berman Law Group's Coronavirus Class Action Complaint
- Love & Sip Valentine Brunch with Celebrity The Comedian, Tomea, Grammy Saxophonist Jason Davis, Gospel Contemporary Duo, Only God Ministries
- Rustic Deco Launches B2B Wholesale Furniture Website
- IOTech names Gavin Hunter as VP of global marketing
The digital health care space continues to evolve as tech companies and retailers partner with health care companies to fulfill consumer needs. Amazon recently launched Amazon pharmacy, an online drugstore that allows patients to obtain prescriptions via the retail commerce website. In 2019, digital health therapeutics company DarioHealth finalized a deal with Walmart to distribute its diabetes management system. Dario Health (DRIO)'s Q3 2020 financial results represented a 9.3% increase in revenues since Q3 2019. This growth stems from the scaling of U.S. commercial sales and marketing infrastructure, as well as agreements with companies such as Vitality Group and HMC Healthworks.
Two digital health trends in 2019 that continued this year are behavioral health and the adoption of digital health tools.
Behavioral health covers service areas from basic wellness, to treatment of disease, and to company platforms which offer different services. For example, a variety of digital apps provide online therapy via telehealth sessions. Therapists may have specific areas of expertise, such as anxiety, depression, Post-Traumatic Stress Disorder (PTSD), addiction, and so on. Because the pandemic has exacerbated mental health problems, digital behavioral health can be an easy way to gain access to mental health services at a time when it is most needed.
More on TelAve News
- Introducing BIAMI.IO Apps Framework
- City Streaming TV, a Streaming Television Inc Network Launches, bringing Community and Faith Leaders into local TV's, At No Cost
- BoatDealers.ca Surges with Record Traffic in 2020
- ICTCore Version 1.1.0 Released, The Unified Communications Framework
- 'Aesthetic Institute of Massachusetts' Announces Rebranding to 'Aesthetic Mentor'
Adoption of digital health tools has taken off during the COVID-19 pandemic as well, as people find themselves with less access to physical doctor's offices. Research by RockHealth shows an especially big jump has occurred in the tracking of digital health, and people who track their digital health are also more likely to share their personal information with their physician. Consumers most often track measures related to chronic conditions, such as diabetes, obesity, and hypertension. These three conditions are also three of the most common predictors of severe COVID-19 in people who contract the disease, so managing these conditions and controlling them without access to high-risk areas such as hospitals has been essential.
The digital health industry will continue to grow into 2021. Innovation in the diagnosis and management of other chronic conditions beyond diabetes, obesity, and hypertension are ripe for disruption and should draw attention. Harvard Business Review suggests that behavioral phenotyping could be a way for digital health solutions to become more personalized and effective. Such technology is already part of digital platforms not related to health, such as Amazon or Netflix's product recommendations.
Expedited growth and mergers & acquisitions (M&A) should be expected among companies developing novel digital diagnostics, remote patient monitoring, virtual continued care, and decentralized health data solutions for the other leading chronic diseases such as chronic kidney disease, chronic obstructive pulmonary disease, and cardiovascular diseases.
Source: Braeden Lichti
Filed Under: Wireless
0 Comments
Latest on TelAve News
- Dollyhood Records Signs Distribution Deal With Sony!
- CPT Network Solutions launches CPT Voice
- West Coast Recording Artist, Composer and Actor, Blue Ragg$ Releases New Music & Theatrical Video
- Swaggerty's Receives Highest Possible Grade from BRC Food Safety Auditors for 8th Consecutive Year
- Be an Example, Get the Covid Shot
- Former CEO & Founder of Five Star Custom Foods, Acquired by Cargill, Joins CEO Coaching International
- Thiel College names Terry Eddy to Board of Trustees
- "Diamond Fuji" to be Seen from TOKYO SKYTREE in February
- Texpak Offers Environmentally-Friendly Ecotach™ Fasteners to Address Sustainability Needs
- Covid-19 Resulted In A 69% Increase In Customer Service Call Volumes For Resultscx Retail Clients
- Morningstar names Quantified STF Fund top-performing tactical-allocation fund in 2020
- Financial Solutions Inc. Receives the 2020 Best of Sheridan Wyoming Award
- SHELTER, New Works by Artists Byron Keith Byrd, Stefani Byrd, and Fenix Gallery Collective, January 20–February 24, 2021
- AI.Reverie Awarded $950 Million IDIQ Contract for U.S. Air Force Advanced Battle Management System (ABMS)
- Updated ASI Book Helps Association Executives Improve Organizational Performance Now and Post-COVID
- MBK Senior Living Ranks 7th On Fortune Best Workplaces For Aging Services List
- Fifth Gen Media announces Darlene Pope as Chairman of the Advisory Council
- Phinge To Launch Netverse, a Rewards-Based Alternative to Apple and Google Using Innovative Proprietary Technology and Patented Mobile Devices
- Programmatic Advertising Emerges as a Major Margin Expansion Opportunity for Pay TV Providers in 2021
- Spivey Hall Children's Choir Looks To 2021 Through The Lens of Langston Hughes Poetry