Rules about telemedicine are about to change in Texas, now that the state of emergency here is set to expire July 31. That could mean some adjustments for patients who got used to a more relaxed approach to remote visits with their doctor or therapist during the pandemic.
As healthcare continues to evolve, new technologies like remote patient monitoring, virtual reality and telemedicine have expanded the scope of care delivery. McKinsey reports 46% of consumers used telehealth solutions in 2020, up fourfold from just the prior year. As the CEO of a healthcare innovation and investment hub, I believe that in the future, conceivably 90%-95% of all interactions have the potential to be done without an in-person visit.
A recent report from venture firm Rock Health shows that digital health funding continues to break records as venture-backed companies raised $14.7 billion in the first half of the year.
Given the industry's solid growth prospects, Wall Street analysts expect key players in this space—Teladoc Health Inc., American Well Corporation, and iRhythm Technologies Inc.—to rally by more than 50% in the coming months.
As the CEO of a healthcare innovation and investment hub, I believe that in the future, conceivably 90%-95% of all interactions have the potential to be done without an in-person visit.
The public health crisis (the “Pandemic”) brought more attention, and more money, to the use of digital technologies to provide remote services to millions of individuals affected by the Pandemic. The use of digital technologies to provide medical services otherwise known as “telehealth”, exploded during the Pandemic but has since then made a steady growth across the healthcare industry, with many realizing the value of using digital technology to supplement, and in some cases, replace traditional methods of medical care.