Telehealth Trends & News - April 2024
Spring has officially sprung and the digital health industry continues to move fast. It can be hard to stay on top of all the news, trends, technology and insights breaking through in the digital health space. That’s why, while you focus on serving your patients, we’ll do the work for you with an April telehealth recap.?
Curious about what’s new in telemedicine? Stay up to date on the Moderna and OpenAI partnership, the Joint Commission's news telehealth accreditation program, Maven Clinic’s expansion into male fertility and 7 ways telehealth is reshaping medicine
OpenLoop CEO, Dr. Jon Lensing, is speaking at ATA Nexus 2024
Our very own CEO and Co-founder, Dr. Jon Lensing is set to present to attendees at ATA’s 2024 conference. Lensing will be speaking on investor funding and what health startups need to build a solid pitch from pre-seed to Series C. Attending ATA Nexus? Click the link below and add the session to your calendar!
Interested in meeting up and hearing more about OpenLoop? Reach out to Bailey Hawn or Trevor Elmitt on LinkedIn and let's get something scheduled!
Technology, Insights and News
At Moderna, OpenAI’s GPTs Are Changing Almost Everything
Moderna is expected to announce a partnership with the AI heavyweight, OpenAI. The deal aims to automate nearly every business process at the biotechnology company and boost the ChatGPT maker’s reach into the enterprise. Moderna CEO Stéphane Bancel called the OpenAI partnership, and its use of AI in general, key to helping the vaccine maker transform every business process.
Four Strategies For Surviving The Digital Health Shake Out
In this Forbes article, the author identifies four strategies he sees at work in companies who are doing well in the industry. These include strategies like focusing on the total value rather than specific outcomes or offering services over platforms. For the rest of these key strategies, check out the full article below.?
Policy and Regulatory
FTC Votes To Ban Noncompetes, With Far-Reaching Effects On Doctors
In a 3-2 vote, the Federal Trade Commissioners voted to ban non-compete agreements at the end of April 2024. This ban will have far-reaching effects on the healthcare field that often relies on non-competes. According to the FTC’s Bureau of Economics, the final rule would lower healthcare costs by $194 billion over the next decade.The new ban won’t be met without challenge though. The U.S. Chamber of Commerce plans to sue over the ruling.?
The Joint Commission unveils new telehealth accreditation program
The accreditation agency will be rolling out new accreditation standards for telehealth delivery. The new program will go into effect July 1, 2024. These standards will detail the structures and processes needed to deliver high-quality virtual care. Check out the full article for more info on the new accreditation requirements and more.
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Industry Conversations
Is Japan Leading a New Digital Health Movement?
With Japan’s unique blend of technological innovation and an aging population, their digital health market is expected to show a CAGR of 7.29% from 2024 to 2028. This article dives into the factors that contribute to Japan’s prominent position in the rapidly evolving field of digital therapeutics and why it matters to the global life sciences industry.
7 Ways Telehealth Is Reshaping Medicine For The Better
While some may try to convince you that telehealth is a rapidly declining industry, they’re not looking at all the data. According to this article by AMA, about 74% of physicians work in practices that offer telehealth. This article dives into just some of the ways telehealth is actually reshaping the way care is delivered across medicine.?
Growth, Funding and Innovation
Included Health Launches Virtual Specialty Care Clinic With Initial Focus On Cancer, Weight Loss And Menopause
The virtual care and navigation company Included Health plans to launch a virtual-first specialty care clinic. Their goal for these clinics is to give its members access to 4,000 specialists, physicians and care navigation The company will launch three of these clinics in 2025 focused on cancer care, women’s health and weight loss. Read on to learn more about their new virtual-first clinic program.
Maven Clinic Expands Fertility Support For Males Alongside Health Coaching Program
The virtual women’s health company has made big moves in the male fertility space. The virtual care provider is now offering health coaching for reproductive health services for male fertility and the expansion of its fertility and family building program.?
OpenLoop News and Resources
Defining Employer Health Plans: PEPM vs. PMPM
Discover how employer health plans, like PEPM and PMPM, differ. Plus, learn about their advantages, challenges, and how to overcome them.
How To Cut Costs and Scale Using Healthcare AI
Learn how healthcare AI tools like generative AI and large language models can help reduce wasteful spending at your healthcare organization.