Which Digital Health Tools Will Be the Greatest Victim to Turnover from Hospitals?

The onset of the pandemic catalyzed a swift adoption of digital healthcare solutions within hospital settings, driven by the imperative to ensure safe and uninterrupted care delivery. Diverse medical technologies, ranging from hospital-at-home solutions to e-visit platforms, witnessed an unprecedented surge in uptake. Telemedicine visits, in particular, registered an astonishing 766% increase within the initial three months of the pandemic, underscoring the rapid shift toward virtual care modalities. Typically, contracts forged between hospitals and digital health vendors span a duration of three to five years, with many leaning toward the shorter end of this spectrum. Consequently, a significant cohort of digital health products that were integrated into hospital workflows during the pandemic is now approaching their renewal period, expected to occur within the current year and the ensuing one. These insights emerge from a comprehensive report by Panda Health, illuminating the impending decisions and strategies that healthcare institutions will need to navigate as they reassess and renew their digital health contracts in light of the ongoing transformation in healthcare delivery.