Healthie Digital Health Newsletter: July

As a reminder - you’re getting this newsletter as a Digital Health company? Healthie ?has interacted with before, either as a current or potential customer or we just met and became friends ??

What’s in This Month’s Newsletter?

• Telehealth News ??:?Its early days, but we’re keeping an eye on some State-based proposed legislation alleviating the need for a collaborating physician
• First Hackathon ?? :?Healthie sponsored our first Hackathon along with 100+ Hackers and Sponsors
• The One Big Idea ??:?A recent survey shows nearly 50% of hospitals are unhappy with their telehealth choices
• Healthie Highlights ??:?Review our platform & API updates
• Marketplace Corner???:?Announcing?our partnership with Tripment Health, for lab and imaging results directly within Healthie.?

Telehealth News: Collaborating Physician State-Legislation

In about ~25 States, its mandatory for an NP/PA or similar provider to have what’s called a Collaborative Physician (e.g., an MD) sign off ??? on some of their work when standing up their own telehealth practices ??

• In the other ~25 it is not mandated by the State but still many insurance companies will require it.?
• States like Missouri ,?Texas ?and others are putting forth legislation that would lift these Collaborating Physician restrictions.?

Given the provider shortage ?(which is only growing year-over-year) and the need to increase healthcare access in America more broadly, this topic is sure to be a debated topic over the coming years. Balancing access vs. quality??? (or perceived quality), as well as the ability for NP/PAs to launch their own businesses independently will be hot button issues.

Our First Hackathon???

We were so excited to sponsor our first Hackathon put on by? Paulius Mui, MD . The Hackathon had 270+ Applicants from across the healthcare ecosystem???- it took place over a weekend in June and had over 30 teams with?thousands in prize money???

• ?? Watch the recap?here
• Healthie was a financial as well as technology sponsor; teams used Healthie’s API (free access here ) as part of their ideas??and submissions?
• Check out the winners across 5 categories
• We loved Gus’ from Turquoise breakdown of the whole hackathon ?- the digital health community is alive and thriving!?

?? Huge shoutout?to some of our fellow partners &?sponsors including:

The One “Big Idea”: Hospitals Churning on Virtual Products???

In a recent Fierce Healthcare article , a survey by Panda Health outlined a potential market opportunity?for digital health startups - namely: Hospitals??? purchased a host of technology and implemented it quickly in order to keep up with the pandemic?demand. Now they are realizing that those technologies might not be the long-term solutions they were hoping for?:

For the telemedicine solutions?that?drove massive spikes????in virtual encounters????during the onset of the COVID-19 pandemic, 88 out of the 100 hospital and health system executives polled by Panda Health said they currently were using the technology at their organization and near uniformly credited the pandemic for their adoption.

Nearly half said they were either “not satisfied” or “moderately satisfied” with their current platform, and 30% said those contracts????are set to expire between now and the end of 2024.

Extrapolating the latter value to the total number of hospitals operating in the U.S. suggests that 1,693 hospitals will be in a position to decide whether they want to stick with their telemedicine platform, let the contract lapse or switch to something new by the end of 2024, per the report.

• While that extrapolation is statistically questionable, we agree with the sentiment; quick, patchwork decisions were made during Covid that are finally being examined. This may mark the beginning of an inflection point for Hospitals,?slowly,?making commitments to virtual-front doors??? ??
• This is especially true in?an environment where hospitals are revenue-constrained ?and will likely continue to be?
• While pitching/selling to hospitals is a long and arduous road, the door??? may be opening a hair more than in the past?
• Random but related:?We also liked this article from Becker’s detailing what EHRs might look like in 25 years

Healthie Highlights ??

Healthie has updates to the platform going live almost daily, check out some notable releases from June:?

• More team members?permissions ???so admins can fully control the access & abilities for each member???
• Get notified when client insurance ?? is expiring (so your team can proactively, and electronically collect new insurance details)?
• A bunch of new?API webhooks ,?(just a note, all new functionality added to the platform this month is also available via the API)?

?? Review all of our recent updates in our?June Release Notes

Marketplace Corner???

We're excited to announce our partnership with? Tripment Health ??? a healthcare e-commerce platform, providing access to affordable imaging and labs, taking the stress out of surprise bills?and appointment bookings ???

• They partner with major CLIA-certified labs and free-standing ACR accredited imaging facilities across 49 states to provide bloodwork, MRIs, CT-scans, mammograms, x-rays, and more
• ? Get Tripment results directly in Healthie, learn more?here .

That's it for this month!?

Team @ Healthie?

Eager to learn more? You can always?book time with our sales team here ?or email?[email protected]