THE STATE OF VIRTUAL CARE IN THE US: The coronavirus is pushing telehealth into the mainstream — here's how traditional healthcare players are using it to retain business now and where the market is headed 2020/12/04 20:02:00 Business Insider
Summary List Placement This is a preview of the Business Insider Intelligence The State of Virtual Care in the US premium research report. Purchase this report here. Business Insider Intelligence offers even more healthcare coverage with our Digital Health Briefing. Subscribe today to receive industry-changing health news and analysis to your inbox. The coronavirus pandemic has been a watershed moment for telehealth — or the use of mobile technology to deliver health-related services, such as remote doctor consultations and patient monitoring — as patients have had to reimagine the ways they seek healthcare. While telehealth has been on the brink of taking off for years, consumer usage of the tech ticked up slowly before 2020. The coronavirus pandemic has given consumers the push they need to adopt telemedicine on a wide scale — and we expect adoption to keep climbing so long as the pandemic rages on. Once outbreaks became severe in the US, consumers began flocking to telehealth: Telehealth usage among US adults climbed 6 percentage points month-over-month from February 2020 — when 11% of respondents reported having tried telehealth — to March — when 17% said the same, per a survey by CivicScience.
Why Goldman Sachs Is Waiting For Teladoc's Merger Story To Unfold 2020/12/04 16:57:41 Benzinga
Teladoc Health Inc’s (NYSE: TDOC ) acquisition of Livongo Health (NASDAQ: LVGO ) was completed on Oct. 30 and has yet to generate impressive growth, according to Goldman Sachs. The Teladoc Health Analyst: Robert Jones initiated coverage of Teladoc Health with a Neutral rating and $206 price target. The Teladoc Health Thesis: The company has been a beneficiary of accelerated adoption trends amid the pandemic and appears to be on track to record around 71% revenue growth organically, … Full story available on Benzinga.com
Top Analyst Upgrades and Downgrades: Alliance Technology, Ally, Bill.com, Boeing, Cracker Barrel, Dish, FedEx, Marvell, Prudential, Stitch Fix, Teladoc and More 2020/12/04 13:57:13 24/7 Wall street
Lark Health partnered with Highmark as digital therapy makers continue riding the digital health wave 2020/12/03 14:53:23 Business Insider
Summary List Placement Lark Health partnered with Highmark—the 4th largest BCBS-affiliated organization—to give Highmark members 24/7 access to Lark Health's digital therapeutics (DTx) programs for hypertension and diabetes. DTx companies have been capturing the attention of pharma companies and payers this year: Pharma cos have been strategically pouring cash into DTx firms to capture a slice of the growing DTx market. For example, Boehringer Ingelheim signed a $500 million contract with Click Therapeutics to develop therapies for psychiatric conditions, Bayer invested $100 million in equity stake of digital diabetes startup OneDrop, and Novartis acquired ophthalmology DTx startup Amblyotech. And with the FDA greenlighting multiple DTx treatments—like Akili's ADHD therapy and Pear's schizophrenia program—pharma companies can invest in DTx solutions with more confidence that they'll see an ROI. Payers are wading deeper into the DTx space to pare down their shares of high costs for members with chronic conditions.
Treading Teladoc Stock Could Swing Higher 2020/12/02 19:19:42 Schaeffers Investment Research
TDOC's 200-day moving average could help it climb back up on the charts
Workable Strategy for Virtual Health Care Market 2020-2027 | Trends, Growth, Demand, Revenue, Gross Profit, Status & Forecast by 2027 | Google, Amazon, Google, Teladoc, Inc., Americal Well, AT&T Inc & More 2020/11/24 13:35:25 OpenPR
Market Overview: Virtual Health Care Market by 2020-2027 Virtual Health Care Market report has recently added by Healthcare Intelligence Market which helps to make informed business decisions. This research report further identifies the market segmentation along with their sub-types. Various factors
Cerner's free telehealth program could help it leapfrog Epic in the US EHR market 2020/11/23 14:37:00 Business Insider
Summary List Placement The electronic health record (EHR) giant launched a new telehealth platform, dubbed Video Visit, for its rural-based CommunityWorks community and critical access hospitals (CAHs) at no cost through the end of 2021. For context, CommunityWorks is a cloud-based system that allows hospitals to connect with other facilities and providers across geographies to help address the rising shortage of physicians in rural communities. Offering a telehealth platform to high-need rural communities at no charge paves the way for Cerner to bite off an even larger share of the EHR market . Cerner serves over 200 rural and CAH clients across the US—and it's hoping to expand its rural footprint via its cloud-based CommunityWorks product launched in July 2020. Rural hospital closures have been on a steady incline , and the cloud can alleviate the cost burdens of maintenance of an in-house EHR system. By offering its Video Visits program at no charge to its CommunityWorks clients, Cerner could further penetrate the rural provider market organizations—paving the way for it to potentially upsell its other products through their doors down the road: For example, its CareAware Connect cloud-based solution connects multiple devices and coordinates care, which could help care institutions solve their interoperability challenges.
'You cannot do everything yourself:' Amwell's CEO hints at buying a mental health startup and shares his simple 2-part criteria for potential acquisitions 2020/11/20 13:00:00 Business Insider
Summary List Placement For companies that help people get healthcare online, 2020 has been a good year. But investors are concerned that their success is tied to the coronavirus pandemic. One way to create staying power is acquiring companies that perform a wider array of services. For Amwell, the world's second-largest telehealth company, the strategy isn't off the table, co-CEO Ido Schoenberg said. "You cannot do everything yourself," Schoenberg told Business Insider after Amwell's earnings call on November 12, when asked if he would acquire mental health startups. Schoenberg noted that in the wake of the pandemic, people are more anxious than ever. In June, anxiety and depression symptoms were about three and four times more prevalent among US adults than a year prior, respectively, the Centers for Disease Control and Prevention found . "People are in great distress," he said. "And I see behavioral health needs growing in the foreseeable future." When looking at potential deals, Schoenberg explained the two criteria he's looking out for — technology and company culture — and why a big presence in the market isn't as important.
Talkspace mulls possible sale as consolidation heats up in the US telehealth market 2020/11/19 15:05:00 Business Insider
Summary List Placement New York-based telemental health provider Talkspace is considering selling its online therapy platform, according to people familiar with the matter via Bloomberg Tech. The startup is valued at approximately $1 billion—if sold to another virtual care player, it could mirror the Teladoc-Livongo megamerger, marking further consolidation of the digital health space. Talkspace's potential sale gives credence to our prediction that M&A activity will boil up as telehealth firms aim to stay competitive amid the virtual care boom—and telemental health will be a particularly active segment: The pandemic incited an unprecedented wave of telemental health use, and this demand likely won't fade as the pandemic exacerbates the mental health crisis. Sixty-two percent of consumers said they'd prefer a virtual visit for their mental health—even after it's safe to book an in-office appointment, according to Amwell data. Telemental health options give patients more versatility in accessing the mental healthcare they need, which is becoming more relevant than ever, considering the US is in the midst of a growing shortage of mental health specialists.
Teladoc's Charts Are Bearish - Avoid the Long Side for Now 2020/11/19 12:51:54 The Street RealMoney
Prices have broken the lows of August and September so the trend has turned down….TDOC
Amwell ranks No. 1 on telehealth satisfaction by users 2020/10/05 13:28:00 Business Insider
Summary List Placement Telehealth users going through direct-to-consumer (D2C) vendors are highly satisfied: On a 1,000-point scale, patients ranked their satisfaction with telehealth at 856, on average, according to a new JD Power survey of 4,302 US consumers. And while there wasn't much discrepancy among patients' satisfaction with specific vendors, Amwell came out on top with a score of 885—that's compared with MDLive, for instance, which earned a score of 843. Patients have been swarming to telehealth amid the pandemic—and telehealth vendors have responded by diversifying their offerings to win over customers and keep them happy. Thirty-six percent of US adults tried telehealth as of August 2020—a sharp increase from the 11% who used it pre-pandemic in January, according to CivicScience. And now we've seen top vendors diversify solutions to appeal to different pockets of the market: For instance, Doctor on Demand extended its service to Medicare beneficiaries in May before its prime competitors—giving itself a chance to corner off this segment of consumers and build out services to meet their needs.
Online Doctor Consultation Market is Gaining Momentum with key players LiveHealth Online, Babylon Health, TelaDoc 2020/10/01 09:03:46 OpenPR
A New Syndicate COVID-19 Outbreak-Global Online Doctor Consultation Market Study is added in HTF MI database compiled covering key business segments and wider geographical scope to get deep dive analysed market data. The study brings a perfect bridging between qualitative
Palantir's founders' stakes are worth a combined $4.9 billion, and an unusual class of common stock automatically gives them 49.99% of the firm's voting power 2020/09/30 18:12:37 Business Insider
Summary List Placement Palantir Technologies, Inc. is a technology firm that makes everything from software to help businesses manage and analyze data to government tools used to track terrorist activity . The company was launched in 2003 by PayPal cofounder Peter Thiel, current Palantir CEO Alex Karp, and current Palantir president Stephen Cohen, and has worked with US government agencies, including Immigration and Customs Enforcement , the FBI, and the Department of Defense. The company specializes in parsing through large data sets and finding usable patterns in that data. Palantir has drawn criticism from some quarters, particularly around its contracts with ICE . On Wednesday, the company is set to go public using a direct listing , which means that Palantir is creating no new shares, only selling pre-existing outstanding shares. Direct listings have grown in popularity recently — companies like Spotify and Slack have recently used direct listings — and are often cheaper and offer a quicker route to going public than traditional IPOs.
Cramer Weighs In On Disney, Teladoc And More 2020/09/30 11:25:16 Benzinga
On CNBC's "Mad Money Lightning Round," Jim Cramer said Switchback Energy Acquisition Ord Shs Class A (NYSE: SBE ) is another blank-check company. Until we find out more about it, we don't know if we have another Nikola Corporation (NASDAQ: NKLA ), added Cramer. Cramer's … Full story available on Benzinga.com
Best Buy Health partnered with Amazon to launch a telehealth-enabled flip phone for seniors 2020/09/25 12:55:00 Business Insider
Summary List Placement Electronics retail giant Best Buy's health unit launched a new flip phone—dubbed LivelyFlip—that can integrate with Amazon's Alexa voice assistant and boasts telehealth features to connect seniors to on-demand providers, per Becker's Hospital Review. The phone's Amazon voice-powered tech enables seniors to make calls and send texts—in addition to the device's urgent call button, which links a user directly to 24/7 access to care teams at telehealth company GreatCall. As more senior patients warm to virtual care, rolling out senior-focused telehealth tech should knock down lingering barriers to widespread adoption, like limited technology access and experience. The pandemic catalyzed rapid uptake of telehealth services for seniors as social distancing recommendations forced them to opt for virtual care in place of in-person visits: Telehealth adoption among seniors skyrocketed to 300% during the pandemic, according to a recent survey from healthinsurance.com . However, barriers like lack of smartphones or tech knowledge hindered other seniors from tapping these same services: For example, in April, primary care startup Oak Street Health pivoted to telephone visits after realizing that its seniors had difficulty acclimating to video-enabled telehealth, citing lack of smartphone access and discomfort with video visits as major hurdles to uptake.