2020 was the year of the telehealth gold rush. Now that virtual visits are set to inevitably fall back, what’s next for telehealth providers like Teladoc? 2020 was also the year of windfall gains for health insurance companies as public stayed away from hospitals and deferred elective procedures. That seems to be changing as well, going by the quarterly results for health insurance giant United Health Care.
The ONC has a new chief, Mickey Tripathi. The ONC also launched a synthetic health data challenge this past week. It is an interesting approach to drive innovation by offering medical data that “mimics” real life data that can be used to develop new algorithms. Read Damo Consulting’s Principal Consultant, Dr. Joyoti Goswami’s latest piece on obtaining reliable patient data and streamlining clinical workflows to advance remote monitoring programs.
We feature an interview this week with Dr. Ashwini Zenooz, head of healthcare for Salesforce, who advises startups to focus on the needs of caregivers in addition to patients. We also include a piece by a healthcare VC on how she evaluates and advises startups looking to collect and transform healthcare data.
We’re super excited to launch Season 3 of our highly subscribed podcast, The Big Unlock. Our guest this week is Dr. Vivian Lee, President of Health Platforms at Verily Life Sciences. Take a listen to our fascinating conversation.
Have a great week.
Paddy
Damo Consulting offers branding solutions for technology firms looking to gain visibility and access to healthcare executives and CXOs. Drop a line to info@damoconsulting.net for more details.
Podcast of the Week
In this episode, Dr. Vivian Lee shares some examples of how the intersection between traditional healthcare and technology can be beneficial to improve healthcare outcomes and reduce costs of care.
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This Week in Digital Health Markets
We are selectively featuring guest posts in our newsletter from senior leaders in healthcare and technology. Reach out to us if you would like to contribute a blog to one of our upcoming newsletters.
How Teladoc is teeing itself up to dominate in telehealth after the pandemic subsides
What happens after the pandemic-related spike in telehealth visits inevitably drops? How will the leading telehealth providers transition to the new normal? Stat News
How to win physician confidence in remote patient monitoring programsÂ
CIOs need to look beyond just EHRs and explore standalone platforms to enhance care delivery – keeping focused on reliable patient data and streamlined clinical workflows. Healthcare IT NewsÂ
Micky Tripathi named by Biden administration to lead ONCÂ
Congratulations to Mickey Tripathi, new ONC Chief. Healthcare IT NewsÂ
UnitedHealth’s Profit Slips as Health-Care Visits Return
Good news for healthcare providers as patients return to hospitals for deferred elective procedures. The Wall Street Journal
Health Care In 2021: Five Trends To Watch
Due to COVID-19, we might see some key shifts that will ultimately improve healthcare’s cost, quality, reliability, and underlying data infrastructure. Susan Devore, CEO of Premier also addresses the new political climate and suggests there will be momentum for programs that have bipartisan support. Health Affairs
Discipline during a gold rush? Yes, now more than ever when healthcare data is involved
A health tech VC offers advice to the digital health startups collecting, transmitting or transforming healthcare data. MobiHealth NewsÂ
Dr. Ashwini Zenooz Wants Digital Health to Work for Everyone
Digital health startups can better serve not just patients, but clinicians too, says Salesforce’s CMO Dr. Ashwini Zenooz in an interview. Startup Health
COVID-19 hastens hospital’s revenue cycle outsourcing moves
The COVID-19 pandemic lit a fire beneath a trend that had already been heating up: hospitals hiring outside help to handle their billing and revenue collection. Modern Healthcare
ONC’s Synthetic Health Data Challenge seeks new approaches to analytics
The Office of the National Coordinator for Health IT this week launched its new Synthetic Health Data Challenge – offering researchers a chance to explore new avenues of medical research. Healthcare IT News
Key takeaways from BioNTech CEO’s JPM presentation
Takeaways from BioNTech CEO Ugur Sahin about the mRNA vaccine platform, its ability to be used across other infectious diseases as well as in the development of cancer vaccines. MedCity News
Chart of the Week
This chart is about the prevalence of telehealth use by condition, modality, and own doctor. Data are from the American Life Panel Survey on Impacts of COVID-19. 3 Proportions of patients who used telehealth are shown above bars. Proportions of telehealth users who saw their own doctor are shown within bars.
Source: Springer
Events
Damo Consulting Thought Leadership and Research
Healthcare digital transformation: 5 predictions for 2021
Consumerism, telehealth, and the learnings from the pandemic will drive priorities in the year ahead.
Technology brings care to home for chronically ill patients
Video visits, temperature sensors and wearable scan replace the need for clinic visits. The pandemic has only accelerated this process – and shown the need to innovate infrastructure and make investments.
A mid-year review of the financial and market performance of global technology consulting firms in healthcare.
The WITCH Monthly Monitor - Our monthly update on major global IT consulting and services firms in healthcare provides the latest financial and market performance updates on WITCH companies along with other global IT consulting firms. *WITCH Monthly Monitor is now available as a free 1-year subscription with every purchase of The WITCH Report.
This research paper, based on focus group discussions with CHIME members, discusses the challenges with digital transformation for mid-tier health systems and what CIOs must do to accelerate digital transformation in their organizations.
