Digital health should brace for 'significant amount of churn' as hospitals reconsider COVID-era tech contracts

According to a recent survey by Panda Health, digital health companies should prepare for a potential shake-up as contracts signed during the COVID-19 era with hospitals are nearing expiration. Many hospitals are considering replacing digital tools such as telemedicine and remote patient monitoring platforms, which were rapidly adopted during the pandemic under short-term contracts. The survey, which involved 100 hospital and health system executives, highlighted 11 product categories where adoption was primarily driven by the pandemic and revealed that several three-year contracts for these offerings are set to end. The need for rapid deployment during the crisis limited the evaluation process for hospitals in selecting these solutions.