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As we look out over the horizon to 2023, we would anticipate a rebound of investment in the digital health space but with a simultaneous and a continuing level of focused regulatory diligence as this complex landscape continues to evolve.
Investment in digital health has slowed, but experts believe it is a temporary correction and the industry is still poised to make a significant impact on healthcare delivery. Companies that can deliver efficiencies for the healthcare system and demonstrate compliance sophistication will be of interest to investors, who are also looking for companies that recognize the regulatory environment and demands of their customers.
Challenges in accessing complete and accurate data at the point of care and the need for interoperability between systems are some of the issues facing the digital health industry.
There is also the issue of data privacy and security, as well as the need to address regulatory hurdles and align with the expectations of payers and providers.
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Telemedicine saw a tremendous uptick in usage in 2020; these services had been widely accessible for some time but had been underutilised, with many doctors not even offering them before the pandemic. …
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