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About the Author:
Andrew Walsh
Managing Director
Andrew Walsh is a managing director in investment banking. Andrew has over 20 years of experience as a healthcare entrepreneur, executive and operator. Prior to joining First Analysis in 2019, Andrew was part of the senior leadership team of Ciox Health, a large private equity-backed healthcare technology company. Andrew brings a wealth of experience to the investment banking team and has served in senior executive roles at some of the most respected healthcare companies in the United States including UnitedHealth Group, Optum and Davita. Andrew also founded, grew and sold a successful population health company focused on helping vulnerable, high-risk populations. He saw this company through two exits, ultimately selling a combined entity to Guidewell in 2017. Andrew earned an MBA from the University of Notre Dame and a bachelor’s degree in economics from the University of Illinois.
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Andrew Walsh
Managing Director
Matthew Nicklin
Managing Director
Joseph Munda
Senior Vice President
Tracy Marshbanks
Managing Director
First Analysis Quarterly Insights
Healthcare Technology
Telehealth: The foundation for next-gen health plan design
October 11, 2022
  • The COVID-19 pandemic, which temporarily made remote healthcare a necessity, has been the catalyst for regulatory and societal changes that have made telehealth a mainstream healthcare delivery channel.
  • Telehealth's increased prominence has spotlighted its ability to bend the healthcare cost curve while at the same time improving healthcare quality and healthcare access equity. These compelling benefits have prompted innovation in designing health plans that leverage telehealth technology to improve healthcare delivery and access. The advent of virtual health plans (VHPs) is an example.
  • We trace telehealth's path from its early beginnings to its emergence into the mainstream and the advent of VHPs. We also discuss several VHP providers and telehealth's promising future.

TABLE OF CONTENTS

Includes discussion of ALHC, HUM, OSCR, TRMK, UNH and ReviveHealth

Key regulatory barriers to telehealth falling in the pandemic's wake

Telehealth + plan design = sustainable cost reduction?

Advantages of virtual health plans

Payer tech index sustaining Q3 rebound

Q3 healthcare technology M&A bounces back from low

Q3 healthcare technology private placement activity continues to decline

Key regulatory barriers to telehealth falling in the pandemic's wake

The earliest uses of telemedicine can be traced to 1959 when the University of Nebraska established a two-way television system to transmit information to medical students across campus and later linked the same system to a state hospital to perform video consultations. But although much of the technology needed for telehealth has been available for some time, numerous barriers have prevented widespread adoption until now. These barriers are primarily issues related to cross-state licensing for medical providers but also include regulatory challenges, financial challenges and lack of broadband infrastructure.

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