In stark contrast with enthusiastic predictions of telehealth adoption in 2020 and 2021, the telehealth industry is currently facing a challenging reality and uncertain future. Last month, Optum announced that it was closing its virtual care business, which was only launched in 2021. That announcement was quickly followed by Walmart’s statement that it was closing Walmart Health Virtual Care, also launched in 2021, alongside its primary care business. Lastly, these announcements coincided with the two largest telehealth platform companies – Amwell and Teladoc – disclosing multiple rounds of mass layoffs, strategy shifts, executive leadership departures and continually plummeting stock performances.
Read the full article: Telehealth Demand: An Update Four Years after the Onset of the COVID-19 Pandemic //
Source: https://www.trillianthealth.com/insights/the-compass/telehealth-demand-an-update-four-years-after-the-onset-of-the-covid-19-pandemic