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Digital Health Pushing Telemedicine To Center Stage

Remote monitoring is proving to be the driving force in the industry’s quest to reduce costs by keeping patients out of hospitals, and telemedicine is positioned to become a major part of that scheme. However, telemedicine has a number of components and players, and while the market offers opportunities, it could also prove to be somewhat disruptive to companies and products that do not fit in the envisioned landscape.

Although it has been part of the backdrop for a while, cost pressures, technical advancements, and new optimism are positioning telemedicine to be the next powerful force capable of changing the health care landscape. Already, digital health solutions are becoming more important in the plans of medical providers, health plans, and employer groups, and those efforts are bolstering the telemedicine field. As a result, the market is attracting new players who aim to improve patient care as well as provide new competition that could potentially be disruptive in some cases.

In many ways, the growth of telemedicine is easily understood: it is much cheaper to use mobile monitoring devices and tools that cost hundreds of dollars to catch problems early,...

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