The digital health gold rush is on. Teledoc’s $18.5 billion acquisition of Livongo reflects the valuation and consumer demand for virtual care. The capital, talent, utilization — and, let’s face it, speculation — driving the boom are creating a historic opportunity to reimagine how health care works and who it works for.
We may one day look back on this moment and say, “That’s when the digital health transformation became real.” Or maybe it went bust as investors and the public turned their backs on the hype and unfulfilled promises.
Digital health companies are making broad promises about immediacy, universal access, affordability, early detection and intervention, treating the untreated, overcoming the social determinants that have been barriers to good health. Making good on those promises, and completing a transformation into an industry that people not only trust but turn to, is serious business. Establishing industry-wide standards for research, clinical