Technology | 05.28.21
Telemedicine Startups Are Positioning Themselves for a Post-Pandemic World
While telemedicine has been around for decades in some form or another, it wasn't until the pandemic year of 2020 that it entered the mainstream consciousness. Telemedicine has previously faced such challenges as meeting HIPAA compliance requirements and insurance companies unwilling to pay for virtual visits. But when COVID-19 started raging worldwide, both the insurance and healthcare industries had no choice but to adapt. Nearly $3.1 billion in funding flowed into the telehealth sector last year -- almost triple the funds from a year prior. Startups that provide services around virtual care continue to be poised for success and are looking to take telemedicine to the next level. Some of the investors backing these newer companies include Alphabet, Andreessen Horowitz, First Round Capital, Human Ventures, Kaiser Permanente Ventures, Maveron, StartUp Health, and U.S. Venture Partners.
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