What’s the expected future of Virtual Health?

May 13, 2022

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The COVID-19 pandemic has pushed a massive shift towards quick leverage of digital technologies in healthcare.Virtual health, remote patient monitoring and management are helping patients to get remote scheduled consultation.

About 87% of the patients are completely satisfied with the services provided this way.Seema Verma,administrator of CMS, said "I think it's fair to say that the advent of telehealth has been just completely accelerated and there's absolutely no going back." According to Digital Health Business & Technology, $30.7 billion funding was made in digital health companies in 2021 and a 107% increase over the total funding.So, virtual health is shaping the future of healthcare practically.

Virtual health clinics are celebrated as a game-changer in 2020-21 at the same time it is dealing with challenges like regulatory and legal framework, consumers concerned about privacy and security, ethical questions.A major question that arises ‘is it really the future of medicine we are looking for?’ Or is it just the need of the hour and the bubble created among health systems employees, payers and other end-users is going to burst soon?

As a physician-turned investor, Dr. Sunny Kumar said, “We are optimistic for the sector, as a whole, but are mindful of the fact that there may be some degree of correction, given the fact that not every single company can perform at the very, very top of expectations.” Developing better tools and making MSK and chronic condition management more efficient can make it comparatively potent. A bright future is expected in 2022, the peak is not because of the pandemic but in fact because of those virtual health companies who prioritize providing secure and satisfactory medical services.