Oct. 2021 – The COVID-19 pandemic drove the demand for telehealth in 2020, but experts say that telehealth will likely become a permanent fixture in both the tech and healthcare landscapes.
In fact, global venture capital funding for digital health companies hit a record $15 billion in the first half of 2021, according to a report by Mercom Capital Group.
“Research on telehealth use conducted during the pandemic showed that there was a 1400-percent increase in substance use care in telehealth,” said Weinstein.
“Additionally, a survey found that 81 percent of addiction treatment providers in California said that telemedicine use had increased since stay-at-home orders, and 78 percent said that telemedicine had moderately or completely addressed barriers to treatment.”
One of the biggest virtual rehab companies is Lionrock Recovery. Licensed in 47 states, they’ve been providing private treatment to thousands of people through video conferencing technology.
Now other virtual rehabs are cropping up. The new startup company Quit Genius recently raised $64 million for its telehealth addiction treatment.
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