What Entrepreneurs Need to Know About the Post-Pandemic Telehealth Industry

Covid-19 has dominated the headlines for well over a year now, and it's clear that the pandemic has led to significant changes in the healthcare industry. Digital initiatives for healthcare that were once considered optional have become a vital part of the system. With this shift, opportunities have emerged for entrepreneurs to make an impact in this new landscape. By accelerating a massive shift to the use of telemedicine across the globe, the telehealth ecosystem has been growing at a fevered pace to accommodate the needs of both patients and healthcare personnel. A recent McKinsey & Company study suggests that “up to $250 billion of current U.S. healthcare spend could potentially be virtualized.” If that’s accurate, then entrepreneurs will get their shot at overhauling the medical industry through digital transformation. With growing consumer acceptance, the conditions are ripe for some to succeed. Between 2010 and 2017, the percentage of American hospitals that provided care to...

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