Recent Telehealth Trends, Insights and News - November 2023
Talkspace $26 million contract with NYC, Executive order issued on AI Safety, AstraZeneca launches new company
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’ll do the work for you with a November telehealth recap.
Curious about what’s new in telemedicine? Stay up to date on Talkspace’s $26 million contract with NYC, Biden’s recent executive order on AI safety, the advancement of the Better Mental Health Care Act, 2023’s best D2C telemedicine companies and more!
Technology, News and Insights
AstraZeneca Launches New Company to Share digital Clinical Trial Expertise with CROs, Pharmas
AstraZenica is launching Evinova, a new company that will allow CROs and fellow Big Pharmas to pay to access its tried-and-tested digital solutions for running clinical trials. Access to the platform will allow companies to deliver both traditional and decentralized or hybrid trials, including collecting data from connected medical devices in trial sites or from a patient’s home.
Read the full FierceBiotech article here >>
Upswing Health Combines AI and Telehealth to Improve MSK Care and Cut Costs
Routinely, musculoskeletal is among the most expensive types of care, and this company is trying to change that. Upswing Health, a virtual clinic for MSK/orthopedic problems, successfully lowered care costs by limiting unnecessary treatments or ER visits with their MSK-specific symptom assessment tool. The company is in the final stages of refining their assessment tool even further.
Read the full HealthcareITNews article here >>
Policy and Regulatory Updates
President Biden Issues Executive Order on Safe, Secure and Trustworthy Artificial Intelligence (AI)
In this recent landmark executive order, the Biden Administration ordered the HHS to align on regulatory approaches to ensure better security, safety and privacy regarding AI and its use in healthcare applications. The fact sheet lays out a high-level overview of the new standards and steps to be followed.
Read the full White House Fact Sheet here >>
Senate Finance Committee Advanced the Better Mental Health Care, Lower-Cost Drugs, and Extenders Act
The advancement of this bill would require pharmacies to report cost for medication and data. It would also push for increased access to mental health care for children on Medicaid as well as Medicare patients in rural and underserved areas.
Read more about the Act here >>
Industry Conversations
Value-Based Care: A Prescription For Physician Well-Being
In this podcast with MedPage Today’s KevinMD and Ben Kornitzer, a physician executive, the two talk about the pressing issue of clinician burnout, how burnout impacts patient care, contributes to a growing physician shortage and why value-based care could be a solution.
Listen to the full KevinMD.com podcast here >>
Into The Death Zone? What Digital Health Can Learn From Epic’s $3.8B Revenue
In this article by Forbes, the author dives into the current and future climate of digital health, how $100B in investments has created dangerous overcrowding in the space, challenges startups are facing and how Epic’s platform strategy creates greater value by bringing different constituents together and facilitating an exchange of value between them instead of selling software to either side.
Read the full Forbes article here >>
Podcast: Better Behavioral Health Care Through Collaboration and Virtual Care
Four clinicians from Henry Ford Health System discuss how its collaborative care program, which has integrated primary care with behavioral health for the first time, has helped meet the needs of patients.
Listen to the full AHA podcast here >>
Growth, Funding and Innovation
Talkspace inks $26M contract with NYC to provide free mental health services to teens
The online therapy company will provide free mental health services to more than 400,000 adolescents and teens in New York City through a partnership with the NYC Department of Health and Mental Hygiene (DOHMH). The three-year contract is inked at $26 million.
Read the full FierceHealthcare article here >>
Ayble Health, Mayo Clinic Collaborate To Treat High-Acuity Patients in Person
Ayble Health, a digital health platform for patients with chronic gastrointestinal conditions, has announced a new collaboration with the Mayo Clinic. 70 million people live with chronic GI conditions. The digital health company hopes to achieve better outcomes and cost savings for patients dealing with digestive diseases by working with the Mayo Clinic Complex Care Program to offer a new hybrid-care model. It will match patients with the appropriate virtual and in-person care based on acuity and need.
Read the full FierceHealthcare article here >>
OpenLoop News and Resources
Best D2C Telemedicine Companies in 2023
12 of the best D2C telemedicine companies of 2023 leading the way in virtual care. They cover men/women+ health, sexual and reproductive health, chronic disease management, mental and behavioral health and more. As the virtual care world turns towards a more personalized approach to care, here are some of the companies leading the charge.
Read the full OpenLoop blog here >>
OpenLoop CTO Reveals 6 Health IT Trends to Watch in 2024
It’s almost the end of 2023 and healthcare IT executives are looking to 2024 for better solutions and more innovative technologies. OpenLoop CTO, Curtis Olson, reveals his take on the ever-evolving healthcare IT market and what leaders should expect from the coming new year. Grab a pen (or mouse) and get ready to take some notes on what your team can expect in Health IT for 2024. Think LLMs, AWSHealthImaging and more!
Read the full OpenLoop blog here >>
Unlocking Nationwide Telehealth: Your Guide to the “MSO-Friendly PC Model”
In this whitepaper, we break down the "MSO-Friendly PC Model" and all of its independent stakeholders to give your telehealth company the tools to start expanding in all 50-states. You’ll learn:
Comprehensive overview of MSOs and PCs
So, why use a "MSO-Friendly PC Model"?
Taxation and tax benefits of PCs, MSOs and the Friendly PC Model
S corporation vs. C corporation
Tips for launching your "MSO-Friendly PC Model" successfully
Best states to launch in for your business goals