Telehealth Recap - May 2024
May was a busy month for telehealth, which means we have a full list of headlines for you to check out.
It can be hard to stay on top of all the news, trends, technology and insights breaking through in the digital health space. The industry continues to grow faster each day. That’s why, while you focus on serving your patients, we do the work for you with a May telehealth recap.
Curious about what you may have missed in May? Stay up to date on the top digital health companies of 2024, Walgreens’ recent GLP-1 deal with German drugmaker, UnitedHealth CEO’s cyberattack hearing and much more.
🤖 Technology, Insights and News
Telehealth Delivers Early Palliative Care as Effectively as In-Person Care
According to this article by the American Journal of Managed Care and findings presented by Dr. Joseph Greer, palliative care can be delivered via telehealth with equivalent quality-of-life effects as in-person to patients with advanced non-small cell lung cancer. Read on to find out what these extensions will include.
Newsweek's 24 Best Digital Health Companies In The US
In a recently released list by Newsweek in partnership with Statistica, the publication recognized 400 of the world's top digital health companies of 2024 from 35 different countries. They represent seven industry segments including diagnostics, health records, medical management and telehealth. Each firm’s score was based on an analysis of their financial performance and traffic data for its websites and apps.
7 Keys to Success With Value-Based Care Pay Arrangements
As the healthcare landscape continues to turn towards value-based care, the AMA and other major stakeholders released a playbook of best practices to successfully develop and participate in VBC pay arrangements. This article gives a quick overview of some of the playbooks’ key sights and downloadable access to the full version.
🧑⚖️ Policy and Regulatory
House Committee Passes Extension of Federal Telehealth Flexibilities
On May 8, 2024, the U.S House of Representatives Committee on Ways and Means unanimously passed legislation that would extend current Medicare telehealth flexibilities through the end of 2026.
Lawmakers Grill UnitedHealth CEO on Change Cyberattack: ‘Your Company Let the Country Down’
UnitedHealth CEO Andrew Witty appeared before Congress to answer for the healthcare giants’ recent data breach. Lawmakers are calling it a single attack that unmasked some deep vulnerabilities in the core of our healthcare system. During the hearing, lawmakers on both sides were exasperated by Witty with Sen Thom Tillis (R-N.C.) holding up a copy of “Hacking for Dummies”.
📣 Industry Conversations
Recommended by LinkedIn
A Look at Telehealth's Future and an Omnichannel Approach To Care
In this episode of Podnosis by Fierce Healthcare, they dive into telehealth and its role in a comprehensive approach to healthcare. Emma Beavins interviews CVS Health Chief Medical Officer Sree Chaguturu, MD covering retail telehealth, CVS Health’s telehealth strategy and Chaguturu’s position as the chair of the American Telemedicine Association's board of directors.
Telehealth: Down, But Far From Out
Industry headlines weren’t painting a healthy picture for telehealth with major players like Walmart and Optum stepping back from the industry early this spring. However, telehealth is not out of the game, far from it. Stanford Health Care, for example, has maintained a strong use of telehealth with 40% of patient visits in their ambulatory faculty practices being virtual. So, is this recent decline a product of flawed technology, or our collective failure to break away from traditional ways of working? Read on to find out.
🚀 Growth, Funding and Innovation
Posterity Health Raises $6 Million to Fund Expansion and Technology Acceleration
The incremental funding led by FCA Venture Partners and supported by Distributed Venture and WVV will be used to accelerate the development of the Posterity Health Male Management Platform (MMP). The Posterity Health MMP combines innovative technology, expert care teams and AI driven clinical protocols to drive personalized end-to-end male care. Read on to learn more about Posterity Health’s recent funding.
Virtual Care Drives Rise in Addiction Treatment Startup Funding
Addiction-focused virtual care startups have pulled in hundreds of millions for business models scalable enough to meet the demand for treatment. And most of the funding is quite recent. To get a better picture of where these investments are going, Crunchbase pulled from their data to aggregate a list of 14 recently funded startups tied to addiction treatment.
Walgreens Inks Glp-1 Clinical Trial Deal With Major German Drugmaker
Under the deal with German drugmaker Boehringer Ingelheim, Walgreens agreed to find candidates who are overweight, obese or have diabetes and connect them with a Phase III clinical trial for Boehringer’s GLP-1 drug survodutide.
👉 OpenLoop News and Resources
What Is Actionable AI and Why Does It Matter?
Actionable AI is gaining attention in the business and healthcare AI world. Learn how this new AI model works and could potentially help your organization.
7 Tips To Increase Utilization For Your Employee Benefits
Are your employee benefits being underutilized? Here are 7 tips that may increase participation and reduce chronic health care issues.
Senior Healthcare & Healthcare Tech Operations, Process Improvement, Practice Management, & Enterprise Client Success Leader | Executive Leadership Certified by NSLS
4moThis is fantastic news for Medicare patients! The continuation of the extension of telehealth services to everyone, whether they are in urban, suburban, or rural areas, means more people can continue getting the care they need right from home. No more traveling long distances to see a doctor and missing appointments. This both directly and indirectly continues to impacts patient health, experiences, outcomes, and spending in such a significant way. It's a big win for Telemedicine and for OpenLoop -the infrastructure and operational powerhouse behind it; it continues making healthcare more convenient and accessible for everyone. This is great!