By Sharon Lawrence
The COVID-19 pandemic
has impacted almost every aspect of the health care and pharmaceutical
industry, forcing companies to reevaluate the entirety of their operations. One
of the most profound consequences of the pandemic is telehealth — the ability
of consumers and providers to exchange information via telecommunications
technologies — and wearable electronic devices such as heart monitors and
smartwatches, often eliminating or delaying the need for in-office visits.
Many health care
researchers believe that by 2040, most care will be delivered at home, in
outpatient settings or virtually. Adapting to this new way of care — in terms
of supplies and delivery methods — will require relationships with different
types of vendors, such as retailers, contract employees and technology
providers. The challenge lies in reimagining supply chains that can deliver
nonhospital-based care in a safe and cost-effective way manner.
According to a Harris
Poll conducted on behalf of Johnson & Johnson Medical Devices Cos., 81% of
those surveyed who discussed telehealth options with a health care professional
during COVID said they would be comfortable using telehealth to manage their
care. Almost half — 47% — of those who have discussed telehealth services with
a health care professional during COVID reported an increased likelihood of
scheduling a necessary surgery or medical procedure if they had the option of
staying connected with their health care professional via telehealth before or
after the procedure.
Opening digital doors:
In response to the
burgeoning adaptation of telehealth platforms by patients and providers, many
health care and pharmaceutical companies have rolled out new services.
In June, Merck & Co.
Inc. and Facebook Inc. introduced the Alliance for Advancing Health Online, an
initiative to advance public understanding of how social media, online
engagement and behavioral sciences can be leveraged to improve the health and
resilience of communities around the world. Merck and Facebook have each
committed $20 million to this multiyear initiative, which will initially focus
on addressing vaccine hesitancy and vaccine equity with a strong focus on
historically excluded or marginalized communities. While the initial focus of
research supported will be on COVID vaccinations, the alliance intends to
create a global network of centers of social media and health research focused
on improving health behavior via online platforms.
Johnson & Johnson
Medical Devices Cos. launched My Health Can’t Wait, an online resource hub
aimed at encouraging people to prioritize their health. Myhealthcantwait.com
provides patients with resources and information to communicate with their
health care providers about prioritizing needed care.
Ashley McEvoy, executive
vice president, worldwide chairman, medical devices, said, “Through My Health
Can’t Wait, we hope to provide patients
and health care providers with resources to help stay connected and prioritize
their health care, both during this pandemic and in the future.”
In 2020, the pandemic
inspired CVS Health Corp. to launch E-Clinic, a telehealth solution for its
MinuteClinics, which conducted nearly 20,000 visits. It also opened 650
HealthHUB locations which — in addition to offering a broad range of in-store
health services — provides online streams of wellness and nutrition content in
place of in-person classes.
“CVS Health emerged from
2020 better positioned to improve health care for the millions of people who
depend on us,” said President and CEO Karen Lynch. “We believe virtual
engagement with our HealthHUB locations will only continue to accelerate and
will build our future offerings to beyond brick-and-mortar locations.”
Earlier this year,
Boston Scientific Corp. acquired Preventice Solutions Inc., the maker of
wearable cardiac sensors for remote patient monitoring. Scott Olson, senior
vice president and president, rhythm management, said the acquisition is
intended to flesh out the medical tech company’s broader push into the cardiac
diagnostics and services space. Specifically, Preventice’s ambulatory
electrocardiogram business would sit alongside Boston Scientific’s recent
exploration into the complementary implantable cardiac monitor space.
“We are confident that,
by adding the broad technology portfolio and expertise of Preventice, our
combined teams can continue to deliver rapid growth in these highly attractive
markets while also establishing an important adjacency to our core cardiac
rhythm management and electrophysiology businesses,” he added.
Suppliers, take note
The global market for
emerging medical device technologies is expected to grow to $146.2 billion by
2025, up from $81.9 billion in 2020. For suppliers, much is still unknown.
Consumers will continue to expect care to be available when and how it’s most convenient
and safe for them which includes virtual care, at-home prescription delivery,
remote monitoring, digital diagnostics and decision support.
According to David
Gillan, senior vice president of emerging solutions and supplier engagement at
Vizient Inc., “Treating or triaging patients at home could mean that suppliers
will have to shift where they send and service medical products.” The shift
could also mean making smaller, consumer-friendly devices that monitor vital
signs from home, and that agility, innovation and knowledge of advances is
vital.
“We will continue to see the emergence of virtual care solutions across the care continuum from telehealth visits to virtual hospital care and home-based care,” he added. “It will be important for suppliers throughout the supply chain to align their virtual strategy with the changing needs of their markets and growth strategy, along with evolving payment models and [providing] a natural progression to support providers and patients in a more meaningful way.”