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August 13, 2021

August HealthXL Meeting Snapshot

Events
HealthXL team & HealthXL community
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August HealthXL Meeting Snapshot 

Our meetings create a space for industry experts to connect and discuss the most current and evolving topics in the digital health space. This segment highlights key learnings and ideas cultivated by our network of payers, providers, pharmaceutical companies, health care and technology organizations. 

DTx Employer Partnerships - August 5th, 2021 

We have seen a significant number of employers starting to incorporate DTx products into their benefits plans (e.g. Pear Therapeutics reSET, Freespira, etc). Employers are an attractive market entry route as they tend to demand lower evidence thresholds than others, favoring case studies over RCTs. This is a strong market entry route in the US, particularly in the advent of brokering agencies helping employers select specific, best-in-class solutions for their employee base. 

However, this route is not without challenges. In the EU this market entry route is next to non-existent as companies focus much more strongly on regulatory frameworks such as NICE and DiGA. We have also seen DTx predominantly addressing tier one therapeutic areas being selected by employers. These include diabetes, weight control and behavioral health solutions. This market entry route is more difficult for those addressing other areas such as respiratory disease. Additionally, employers are generally extremely risk averse and can be slow to get on board with new technologies or systems. Pricing models are also still in development for employers choosing to offer DTx as a benefit. What we’re seeing is a rise in consolidation, with major players such as Teledoc acquiring smaller DTx companies and then going on to offer their services to employers in the form of bundles.

DTx Overview of Market and Deals - July 21st, 2021 

The DTx market is estimated to be worth between 7 and 9 billion US dollars in the next 5 to 7 years and Prescription Digital Therapeutics (PDT) are expected to be the future of the DTx industry, representing 57% of total DTx investment in 2020. Just over the past few months we have seen a lot of exits in the form of IPOs and SPACs. For DTx companies that become too big to get acquired (e.g. platform-based companies), IPOs are a great exit strategy. SPACS have become the trend lately, however, this exit strategy can be challenging for companies that aren’t yet ready to become public and may ultimately lead to some failures in the next few months/years. 

Of the companies they invest in, trait investors expect scalability, potential expansion to other therapeutic areas, clinical evidence and scientific foundation, prescribable and reimbursed solutions and user engagement. For some investors it is also important that companies have had real partnerships with relevant impact. 

Pharma-DTx partnerships are also still a work in progress with strategic alignment between the two parties being critical to success. As many of these partnerships are still in the early stages, ROI is hard to define and is not expected in the near future for pharma. The ROI also varies across departments as the KPIs are different depending on the department that leads the partnership (e.g. marketing, business development, R&D, etc). We may likely see pharma move from the partnerships model to the acquisition model in the next few years. This is not an entirely new model; traditionally, biotech companies have taken this path as they don’t have the capacity to commercialize themselves. However, there are still some doubts about pharma being the right stakeholder to acquire DTx companies. 

The volume of competitor solutions may be a blocker to patient and physician adoption. To combat this we will likely see the DTx industry evolve to a branded unique platform model that provides multiple digital health solutions.

Best Routes to Market for DTx in the US - July 20th, 2021 

What are the most scalable and sustainable routes to market for DTx companies in the US? Beyond clinical evidence, the right commercialization model is key to drive adoption of DTx. A number of DTx companies have chosen pharma partnerships as their route to market, but is pharma the safest and most efficient commercialization model for DTx companies? Employer and payer partnerships have proven to be great options in the US and D2C can also be a valuable approach, especially for new players that aim to gain traction faster and easily collect RWD to improve the product.  An unexplored potential path is via medtech companies that are also seeking new ways to reach their customers. Perhaps routes to market undergo iterations as the product gains traction.

Several factors were identified as key considerations for approaching Payors with digital health solutions:

1) Demonstration of economic savings 

2) Therapeutic area 

3) Demonstration of scalability 

4) Treatment duration period with a preference for finite interventions

There is a diversity of health plans in the US and the truism is that when you know one plan, you know one plan. IDNs are likely to be more receptive to digital health solutions as they are economically aligned to manage the total cost of care for patients. Larger, national health plans are also keen to support innovation and can be a good target. Regional plans are likely to be followers of national plans as opposed to taking the lead on innovation in this area. 

Self-insured employers have been a successful route to market for digital health businesses, especially where therapeutic area interests align and there is sufficient data to support efficacy. As this segment of the market evolves, the role of platforms such as Solera Health and Virgin Pulse should be noted as they can be gatekeepers for access to employers who want to move from point solutions to platform solutions for their employees where data/efficacy between applications can be monitored.

Bear in mind that Payors seek to manage their costs and historically this has meant designing policies with restrictions rather than incentives to access therapies. This mindset can inform how they design the promotion of DTx programs in the future. While you may consider reduced pricing for early adopters, be aware that reference pricing is out there already and depending on the maturity of the app, further price rises may be difficult to execute. Starting with an “at risk” pricing model to prove efficacy can be a successful way to gain traction and allow for better pricing negotiations at a later stage.

Want to join the conversation? Check out our website for upcoming meetings and event

We can provide an introduction on your behalf so that you can contact them directly with any questions/queries on this topic. Simply click on the link below to request an introduction.

We can provide an introduction on your behalf so that you can contact them directly with any questions/queries on this topic. Simply click on the link below to request an introduction.

Request an Introduction

We can provide an introduction on your behalf so that you can contact them directly with any questions/queries on this topic. Simply click on the link below to request an introduction.

Request an Introduction

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Connect with peers and share insights

Don't miss out on the discussion of the latest insights and reports on digital health. Meet with peers and take a deep dive for 75 minutes. Unlike at webinars, you can freely exchange experiences and insights to solve challenges and design the future of DTx.

Digital Therapeutics (DTX)
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)

Sprint: Prescription DTx - Commercialization Models & Adoption

21st September @ 10:45AM EDT

Join this series of 2 meetings to discuss with other senior leaders Commercialization Models & Adoption in Prescription DTx. Limited spaces available so apply now to secure your place in the conversation.

Featuring
Lee Shapiro
Lee Shapiro
Managing Partner, 7wire Ventures
Michael Pace
Michael Pace
Founder and President at PalmHealth.co
Featuring
Lee Shapiro
Lee Shapiro
Managing Partner, 7wire Ventures
Michael Pace
Michael Pace
Founder and President at PalmHealth.co
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)

DTx - Medtech partnerships

23rd September @ 10:45AM EDT

Join us in this informal conversation with senior leaders how DTx companies should think about Medtech as the appropriate partner and vice versa. Apply now to connect with peers and network with new people.

Featuring
Lisa Suennen
Lisa Suennen
Group Leader, Manatt Ventures
Sean Cheng
Sean Cheng
VC Investor, Philips Ventures
Featuring
Lisa Suennen
Lisa Suennen
Group Leader, Manatt Ventures
Sean Cheng
Sean Cheng
VC Investor, Philips Ventures
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)

DTx in Mental Health: Scaling access to care - Fireside chat with Big Health Co-founder & CEO Peter Hames

23rd September @ 10:00AM EDT

Do you want to learn from one of the top DTx companies in mental health? Join us in this exclusive fireside chat with Peter Hames, co-Founder and CEO at Big Health, where we will talk about the early days of DTx in mental health, Big Health’s differentiated commercialization models, industry leading clinical evidence and the significant opportunity to address the mental health crisis by expanding access to mental health care.

Featuring
Peter Hames
Peter Hames
Co-Founder & CEO of Big Health
Martin Kelly
Martin Kelly
Co-founder & CEO, HealthXL
Featuring
Peter Hames
Peter Hames
Co-Founder & CEO of Big Health
Martin Kelly
Martin Kelly
Co-founder & CEO, HealthXL
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)

Sprint: DTx for Mental Health

28th September @ 10:45AM EDT

This series of 2 meetings to discuss in detail with other senior leaders the current state of DTx in mental health, what indications are best suited to such interventions, and commercial opportunities that they present.  Perfect opportunity to listen, engage and enjoy.

Featuring
Krys Zaluski
Krys Zaluski
Director Of Business Development - Digital Health at Sunovion Pharmaceuticals
Francesca Wuttke
Francesca Wuttke
Chief Digital Officer, Almirall
Featuring
Krys Zaluski
Krys Zaluski
Director Of Business Development - Digital Health at Sunovion Pharmaceuticals
Francesca Wuttke
Francesca Wuttke
Chief Digital Officer, Almirall

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Non-HealthXL Member? You can purchase the report HERE

HealthXL Digital Health Meetings

Want to join the discussion now?

Join our Digital Health Meetings and take a deep dive for 75 minutes into topics like digital therapeutics, patient support, telehealth, clinical trials, dermatology and many more. These Meetings are not regular webinars: No audience, no recording and no hiding behind a screen. You actively participate in a discussion to solve your present challenges and design the future of digital health. And with a free account on our Community Hub, you stay connected and up-to-date on the latest news and insights, allowing you to fully immerse yourself in the topic before, during and after.

Digital Therapeutics (DTX)
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)

Sprint: Prescription DTx - Commercialization Models & Adoption

21st September @ 10:45AM EDT

Join this series of 2 meetings to discuss with other senior leaders Commercialization Models & Adoption in Prescription DTx. Limited spaces available so apply now to secure your place in the conversation.

Featuring
Lee Shapiro
Lee Shapiro
Managing Partner, 7wire Ventures
Michael Pace
Michael Pace
Founder and President at PalmHealth.co
Featuring
Lee Shapiro
Lee Shapiro
Managing Partner, 7wire Ventures
Michael Pace
Michael Pace
Founder and President at PalmHealth.co
Telemedicine & Virtual Care Delivery
Telemedicine & Virtual Care Delivery
Telemedicine & Virtual Care Delivery
Telemedicine & Virtual Care Delivery

Commercialization models for Virtual Care in Cardiometabolic Diseases

21st September @ 9:45AM EDT

Join us as we discuss commercialization models for Virtual Care in Cardiometabolic Diseases. Our 75 minute sessions are highly interactive and give attendees the opportunity to hear from senior leaders in the space and also share their own thoughts on the topic

Featuring
Shahram Sharif
Shahram Sharif
Board Director, LindaCare
Abhishek Shah
Abhishek Shah
CEO, Wellthy Therapeutics
Featuring
Shahram Sharif
Shahram Sharif
Board Director, LindaCare
Abhishek Shah
Abhishek Shah
CEO, Wellthy Therapeutics
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)

DTx - Medtech partnerships

23rd September @ 10:45AM EDT

Join us in this informal conversation with senior leaders how DTx companies should think about Medtech as the appropriate partner and vice versa. Apply now to connect with peers and network with new people.

Featuring
Lisa Suennen
Lisa Suennen
Group Leader, Manatt Ventures
Sean Cheng
Sean Cheng
VC Investor, Philips Ventures
Featuring
Lisa Suennen
Lisa Suennen
Group Leader, Manatt Ventures
Sean Cheng
Sean Cheng
VC Investor, Philips Ventures
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)
Digital Therapeutics (DTX)

DTx in Mental Health: Scaling access to care - Fireside chat with Big Health Co-founder & CEO Peter Hames

23rd September @ 10:00AM EDT

Do you want to learn from one of the top DTx companies in mental health? Join us in this exclusive fireside chat with Peter Hames, co-Founder and CEO at Big Health, where we will talk about the early days of DTx in mental health, Big Health’s differentiated commercialization models, industry leading clinical evidence and the significant opportunity to address the mental health crisis by expanding access to mental health care.

Featuring
Peter Hames
Peter Hames
Co-Founder & CEO of Big Health
Martin Kelly
Martin Kelly
Co-founder & CEO, HealthXL
Featuring
Peter Hames
Peter Hames
Co-Founder & CEO of Big Health
Martin Kelly
Martin Kelly
Co-founder & CEO, HealthXL

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