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September 4, 2020

News You Need - 3 Big Little Things from HealthXL

Announcements/News
Laura Loughrey
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It’s time for your monthly digital health news dose. We have looked back at three of the most noteworthy pieces of news from the last month and distilled what they mean for the industry and the key takeaways you should have on your radar. Interested in getting beyond the headlines? We’ve included three industry experts who can help you get behind these stories - just let us know if you’d like us to make the introduction!

It's a sign! ''Telavongo''

Story snapshot:
There is not one person we have all spoken to over the last 2 days who has not been talking about it. The Teladoc-Livongo mega merger is unmissable. Is this the sign that will move skeptics over to believers [in the promise of telehealth]? Are we on track to creating the largest virtual clinic of all time?

Why is it notable? 

Industry Implications 

Glen Tullman
Glen Tullman
Executive Chairman
Livongo

Glen recently spoke at our event HealthXL Interactive on the merger, and what this means for the future of care delivery.

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.

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Uber Health and Prescription Delivery

Story snapshot: Uber Health has partnered with NimbleRx to enable prescription delivery in Dallas and Seattle.

Why is it notable? 

Industry Implications -Patient data and market monopolization concerns need to be averted

John Brownstein
John Brownstein
Chief Innovation Officer
Boston Children's Hospital

John launched Circulation, a service to offer Uber and Lyft as non-emergency medical transportation.

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.

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Ro, Ro, Ro into telehealth

Story snapshot: In three years, Ro has managed to hit a reported $1.5 billion valuation for its transformation from a company focused on treating erectile dysfunction to a telemedicine service for a range of elective and urgent care-focused treatments.

Why is it notable? 

Evolving offerings of a very new company: Through Rory for women’s health, Roman for men’s health and Zero for smoking cessation, Ro now treats 20 conditions, including sexual health, weight loss, dermatology, allergies. They have gone from selling erectile dysfunction medication and hair loss supplements to becoming a telehealth company with three online health clinics (with a desire to expand into remote monitoring for chronic conditions)

Ro is D2C, and we as an industry wonder who pays in healthcare but they have demonstrated that in some cases, patients are willing to pay for their own benefit. 

Industry Implications 

Many billions: Not only is Ro valued at >$1 bil, its competitor, Hims is also looking to go public at the $1 billion mark. So, sometimes I wonder if all the conversations we are having on realistically making money from telehealth is an illusion. There is certainly a disconnect - do these valuations mean these companies are making money, have established ROI and robust business models?

Spread too thin: Lately, a lot of companies seem to be venturing into every possible arm of telehealth/virtual care. Will this dilute the quality and experience they are able to offer to patients, clinicians and others? Traditional wisdom would suggest focusing and delivering on one very clear value proposition.


Timothy Aungst
Timothy Aungst
Associate Professor of Pharmacy Practice
MCPHS University

Timothy is a pharmacist and teacher, and is passionate about all things that can enhance the delivery of care to patients.

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.

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