The MobiHealthNews team spent the past week at HIMSS’ mHealth Summit, which was located just outside of Washington D.C. In case you missed the event or were too busy to follow along while you were there and could use a review, we’ve got you covered. The in-depth report that follows is a collection of some of the more provocative comments we heard both on-stage and off. We’ve also rounded up much of the news announced at the event and linked out to some of our previous coverage from the past week. Let us know what we missed in the comments section below.
Most everyone’s excited about CMS’s $42/patient/month: On the reimbursement front, one change coming in 2015 that was brought up a number of times during conversations at the mHealth Summit was that CMS would begin reimbursing physicians $42 per patient per month for providing virtual visits and other remote care. We heard that a number of digital health companies expect big things from that new revenue channel next year — and in the years to come.
Why one investor argues insurance companies aren’t great customers right now: During a thoughtful panel session that included three venture capitalists on-stage, Dr. Stephen Block, General Partner, Canaan Partners said: “Payers are all looking at their business models now and saying, ‘what we historically did for insurance — we are very, very good at managing risk, providing insurance through employers, processing claims — but we all know that there probably is a new business model that we are going to have to evolve to.’ And they are all experimenting on the edges and trying to figure out what they are going to be doing in the future. It’s different in different regions and obviously there are some national payers who are very experienced and have a lot of resources. I’ve seen some, like Aetna, be very active the last couple of years, and take on some small company investments, start things in-house, and try to be entrepreneurial. But they didn’t actually have a lot of success, and they started retrenching pretty heavily in the last year, and pulling back. They are also trying to deal with other problems, with pricing, with the exchanges and what not. So I don’t think they’re necessarily great customers right now.” Keep reading>>