Telehealth: The Future of Healthcare
Prior to COVID, annual gains in Telehealth usage were measured in basis points. The current episode has effectively compressed a decade or more of hoped-for adoption into a matter of months. From every quarter, the data keeps rolling in showing Telehealth services growing at a blistering pace. According to a study recently released by Fair Health, Telehealth claim lines increased 8,335% year-over-year during the month of April in the U.S. Telehealth is defined as the use of information and telecom tech to support long-distance clinical health care, patient and professional education, public health and health administration. Technologies include various real-time interactive communications such as mobile video and IP video conferencing as well as store-and-forward imaging, streaming media, and wireless communication between connected devices. This report takes a closer look into the market as well as companies in the ecosystem, M&A and private placement activity.