What is an important issue facing insurance providers in the fast growing Telehealth space?
The Pittsburgh Post-Gazette highlights that insurance providers have played a major role in the growth of the digital health industry by providing policies which cover tele-health visits.
However, hardware costs needed for remote patient monitoring have obstructed insurance companies’ ability to support patients, as these high costs fall on the user rather than the provider.
An ideal solution for insurance providers is software as medical device (SaMD), which allows remote patient monitoring using only a smartphone and cancels out the need for expensive hardware.
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