The digital health space refers to the integration of technology and health care services to improve the overall quality of health care delivery. It encompasses a wide range of innovative and emerging technologies such as wearables, telehealth, artificial intelligence, mobile health, and electronic health records (EHRs). The digital health space offers numerous benefits such as improved patient outcomes, increased access to health care, reduced costs, and improved communication and collaboration between patients and health care providers. For example, patients can now monitor their vital signs such as blood pressure and glucose levels from home using wearable devices and share the data with their doctors in real-time. Telehealth technology allows patients to consult with their health care providers remotely without having to travel to the hospital, making health care more accessible, particularly in remote or rural areas. Artificial intelligence can be used to analyze vast amounts of patient data to identify patterns, predict outcomes, and provide personalized treatment recommendations. Overall, the digital health space is rapidly evolving, and the integration of technology in health

Tuesday, November 5, 2024

The Death of Teladoc and the rise of Doximity, Privia, Curai, and - the drum roll - your neighborhood EHR

 

Teladoc

As I predicted in my recent "Telehealth Masquerade" review, the telehealth industry, as we know it, is collapsing. It's a natural selection process, where companies with zero innovation and poor management, such as Teladoc and Amwell, are yielding way to those who already have telehealth as part of their integrated solution: Doximity, Privia, Curai, and - the drum roll - your neighborhood EHR. Teladoc has just reported earnings. It's bad. The CEO blamed "the macro-economic environment". Really? At a rare time when we have the coveted three "3s": 3.3% real GDP growth, 3.1% inflation rate, 3.7% unemployment rate. Teladoc's management has no one to blame but themselves. In the latest edition of "AI Health Uncut", I'm taking a deep dive into the disappearance of the telehealth industry as we know it, as well as Teladoc disastrous decision to acquire Livongo via the leveraged buyout (LBO), a move spurred by the venture capital industry with 7wireVentures at the helm.
 It is no surprise this has occured. The decreased necessity for social distancing with the conclusion of the covid19 pandemic as well as reduced and unlimited funding for conferencing has inevitably created this situation.



Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)