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Can Health Systems Help Push Digital Health Development Forward?
The highly competitive digital healthcare market is teeming with companies looking to achieve a singular goal: create solutions with staying power. In recent years, companies have launched and folded in short order, showing that developing effective digital health tools is a formidable task. As companies struggle to cater to complex healthcare needs, well-resourced healthcare provider organizations have taken the matter into their own hands — entering the market as investors, developers, and development partners.Mass General Brigham has its Center for Innovation in Digital HealthCare, Icahn School of Medicine at Mount Sinai has its Center for Digital Health, and Providence its Digital Innovation Group. Mayo Clinic offers a suite of products to support the development and deployment of digital health solutions through the Mayo Clinic Platform, including the recently launched Solutions Studio.
Medigy Insights
Healthcare finances were left in shambles following multiple waves of the COVID-19 pandemic. Though Kaufman Hall data shows that hospital operating margins are improving, the recovery has been gradual.According to Thom Bales, PwC's health services sector leader, this has resulted in immense cost and growth pressure, prompting healthcare provider organizations to throw their proverbial hat in the digital healthcare ring.
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