I had my first telehealth consultation last year, and there is a good chance that it will too. Since the start of the pandemic, consumer uptake of remote healthcare has increased by 300%.
Speaking as an unvaccinated city dweller: I’d rather talk to a nurse or doctor via my laptop than trying to stay physically away on a bus or a pockmarked commute to / from their office.
Even after things get back to (rolls my eyes) to normal, if I thought there was a reliable way to receive high quality health care in my living room, I would choose it.
Clearly, I am not alone: a McKinsey study from May 2020 set annual national telehealth revenue at $ 3 billion before the coronavirus, but estimated that “up to $ 250 billion in current health spending in the United States could potentially be virtualized” after the pandemic is reduced.
That’s a staggering number, but in a category that includes startups focused on sexual health, women’s health, pediatrics, mental health, data management and testing, it’s clear to see why the funding for digital health topped over $ 10 billion in the first three quarters of 2020.
Bryan Roberts and Bob Kocher, Partners, Venrock
Nan Li, Managing Director, Obvious Ventures
Elizabeth Yin, General Partner, Hustle Fund
Christina Farr, Principal Investor and Head of Health Technology, OMERS Ventures
Ursheet Parikh, Partner, Mayfield Ventures
Nnamdi Okike, co-founder and managing partner, 645 Ventures
Emily Melton, Founder and Managing Partner, Threshold Ventures
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Since COVID-19 has renewed Washington’s focus on healthcare, many investors have said they expect a favorable regulatory environment for telehealth in 2021. Additionally, healthcare providers are looking for ways to cut costs and reduce barriers for patients seeking behavioral support.
The story continues
“The remote really works,” said Elizabeth Yin, senior partner at Hustle Fund.
We’ll get into digital health in more detail this year through additional surveys, vertical reports, founder interviews, and more.
Thanks so much for reading Extra Crunch this week; Hope you have a relaxing weekend.
Walter Thompson Senior Editor, TechCrunch@yourprotagonist
8 CVs in agreement: behavioral support and remote visits make digital health a strong bet for 2021 Woman having a medical videoconference with her doctor using a digital tablet. Senior woman on a video call with a doctor using her tablet computer at home.
Image credits: Luis Alvarez (opens in a new window) / Getty Images
Lessons from the Top Hat Acquisition Frenzy
Image credits: Bryce Durbin
Last year, edtech start-up Top Hat acquired three publishing companies: Fountainhead Press, Bludoor and Nelson HigherEd.
Natasha Mascarenhas interviewed CEO and founder Mike Silagadze to learn more about his content acquisition strategy, but his story also spoke of “some consolidation booms and exits in electronic technology.”
How VCs Invested in Asia and Europe in 2020
Image credits: Nigel Sussman (opens in a new window)
This morningAlex Wilhelm looked at Q4 venture capital totals for Europe, which recorded its lowest number of deals since Q1 2019, despite a record investment of $ 14.3 billion.
The Asian venture capital industry, which has seen …
- According to the source Digital health venture capital survey, edtech mergers and acquisitions, deep tech marketing, more
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