Virtual Care is one of the hottest topics for all size of companies already in digital health and for companies who are entering this space. In today’s newsletter we are going to cover about how some of the newbies and some of the big players are building their platform or services in no time.
As Telemedicine is one of the core aspects of building a virtual care model, report from American Telemedicine Association suggests there are more than 200 telemedicine network which are in operations as on 2020. With 2021, the growth in telemedicine segment is going to continue with lot of newbies joining the race. The biggest driver for this is the current pandemic situation and shortage of doctors and nurses.
The global telemedicine market size was valued at $24.9B in 2016 and is expected to reach $113.1B by 2025.
1. Remote Patient Monitoring capabilities will remain biggest focus point for lot of players entering this space
Lifelight partners with Open Telehealth to realize scalable Population Health Management
With this partnership they are building a comprehensive and robust Remote Patient Monitoring (RPM) platform for healthcare professionals which provides remote care for thousands of patients worldwide.
CLOUD DX AND MAXWELL TELECARE PARTNER TO BRING ROUND-THE-CLOCK VIRTUAL CARE AND VITALS MONITORING TO RESIDENTS OF US LONG-TERM CARE FACILITIES
2. Leveraging open-source Components to build your video conferencing quickly
Jitsi.org as an open-source solution to build your video conferencing platform. Jitsi has many components that helps in rapid development –
· Videobridge – Jitsi provides a WebRTC compatible server designed to route video streams amongst participates in a conference
· Jitsi conference is a server-side component used in Jitsi Meet conferences that manages media sessions and also acts as a load balancer between each of the participants and video bridge
· Jitsi Gateway to SIP – It’s a server-side application that allows regular SIP clients to join Jitsi Meet conferences
· Jitsi broadcasting infrastructure – set of tools for recording and/or streaming a jitsi meet conference
Compared to Jitsi, there is another solution named BigBlueButton that is now targeted towards virtual care scenarios as well. The heart of this system is also a Web conferencing system, under an open-source license. BigBlueButton supports real-time sharing of audio, video, presentation, and screen along with some of the collaboration tools such as whiteboard, shared notes, polling, and breakout rooms. BigBlueButton can also support recording your sessions for later playback.
3. Building a solution that is HIPAA compliant and certified
With HIPAA compliance being a mandate, it is important to build the virtual care components keeping the security in the middle of the architecture decisions. To build things rapidly one shall carefully leverage the cloud services or can plug into a serverless architecture leveraging the existing HIPAA safeguards of the cloud players.
For some of the existing leading virtual care companies achieving HITRUST has always been one of the goals–
MD Live which is one of the nation’s leading tele health provider, achieved HITRUST certification for its patient portal, provider portal, and Care Connector portal
Teladoc, Inc. (NYSE: TDOC), one of the world’s largest and trusted telehealth provider, also earned the HITRUST Certified Status for information security by the Health Information Trust (HITRUST) Alliance back in 2017
Some of the news from the Virtual Care segment -
VR telemedicine platform XRHealth raises $7M
Folx Health lands $25M to develop its LGBTQA+ health platform, Digital PBM Capital Rx scores $50M and more digital health funding
Microsoft recently announced its first updates for its healthcare cloud offering with new virtual care capabilities, remote patient monitoring and care coordination
If you have a similar story or want to share with us about your journeys in virtual care, please feel free to write to us at firstname.lastname@example.org. We would love to collaborate and share your journey.