HIMSSCast: Uptick in digital care spurs flurry of M&A exercise

Suppliers rapidly adopted digital care throughout the COVID-19 pandemic.

Digital specialist care firm Summus International noticed the utilization fee of its platform bounce by 3.1 occasions between January 2020 and January 2021, with membership rising greater than 1,000%.

CEO and founder Julian Flannery tells Healthcare Finance Information Government Editor Susan Morse he doesn’t see digital use declining to pre-pandemic numbers. Spurred by the expansion, seasoned gamers joined rising startups within the M&A digital care area. Oak Road Well being acquired RubiconMD for $130 million;  MDLive launched a distant affected person monitoring program for digital continual care administration; and One Medical and Humana launched their very own digital continual care choices. Flannery believes these acquisitions will proceed.

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Speaking factors:

• Summus International has raised over $40 million within the final 12 months
• Summus sells to each employers and enormous well being programs
• Sufferers are arrange with consultations inside a community of greater than 4,000 specialists throughout 48 hospitals
• Over 80% of customers say they may use digital care, submit COVID-19
• Over 75% of docs say they may proceed to make use of digital care
• The U.S. doctor scarcity will play a task within the progress of digital visits
• Digital care is evolving quickly to extra tailor-made care

Extra about this episode:

The COVID-19 disaster has ‘pressured folks into digital mediums,’ says CEO

RPM startup Athelas raises $132M and extra digital well being fundings

Oak Road Well being invests solely in value-based care

Oak Road Well being buys digital specialty care firm RubiconMD for as much as $190M