Even though telemedicine seems to be having its day in the sun, with Teladoc’s forthcoming IPO and major funding for MDLive, Doctor on Demand, and American Well, one of the oldest, earliest telemedicine companies is shutting down. Bosch has officially closed its US subsidiary Robert Bosch Healthcare, reducing the scope its healthcare operations to a 50-person team based in Germany.
New data out of Ontario, Canada suggests that blood pressure home monitoring without any kind of feedback loop about the readings, can lead to an unnecessary strain on the healthcare system. In the study, published last week in the Annals of Emergency Medicine, an analysis of more than 200,000 emergency room visits across 180 sites showed a 64 percent increase in emergency room visits for hypertension from 2002 to 2012 — despite a 28 percent decrease in hospitalizations for hypertension over that same time frame.
Even as Teladoc and American Well fight out their legal battle over patents, the two companies continue to duke it out in the marketplace as well, as does another challenger, Doctor on Demand. On Friday a Deutsche Bank analyst broke the news in a research note that Highmark, a health insurer in Western Pennsylvania, chose not renew contracts that represented $1.5 million in annual revenue for Teladoc, or 3.6 percent of Teladoc’s projected 2016 membership, according to the Wall Street Journal.