SECOND
PART- TRENDS AND DEVELOPMENT OF SPECIFIC TELEHEALTH SECTORS
SECOND PART- TRENDS AND DEVELOPMENT OF SPECIFIC TELEHEALTH SECTORS
Sectoral legal advice for clients from the telemedicine sector requires from lawyers to constantly monitor the market in this sector and constantly expand their knowledge of market needs. It is the duty of every lawyer of KIEŁTYKA GŁADKOWSKI to be up-to-date with the sector of economic activity on which they provide legal services. Proper legal advice requires from lawyers to know the market practice of a given sector, and above all, knowledge of complex IT terminology and the basics of the pharmaceutical market.
I
Telehealth trends’ perspectives
On
the Telehealth Investment Trends we can have a look from different
perspectives.
One
of these perspectives is a funding perspective. In the 2nd quarter
of 2021 we can notice a funding record broken for the 4th quarter in
a row (from the 3rd quarter of 2020). The deal count amounted 163
deals and the funding amounted 5,038 (in millions of dollars).
The
continental differences. It is explicitly noticeable that European investment
nearly quintupled QoQ to reach a record high of $915M. Asian investments almost
halved, north American investment slightly increased but European made an incredible
investment growth which might be a long-perspective tendency (especially
regarding the COVID-19 pandemic and Europe’s ageing an increasingly digitalized
society). Among these reasons and investment tendencies the polish executive
in the abovementioned ordinance included the procedures to impart instructions
about e- medical prescription realization, additional treatment, tests
realization (including laboratory tests) and possibility to sign up an Online
Patient Account[1].
These procedures and medical services requirements can be (and in deed will be
for sure) unquestionably helpful for older people who are yet to learn with
increasingly used IT systems.
The
differences between early-, mid- and late- stage deal percentage. It is worthy
to notice that in the 2021 early-stage deal share tracked at a historical low
but at the same time the late-stage share at its high level (12% in comparison
to previous 8%). This may reflect the increasing sophistication and maturity of
the telehealth industry and of course the maturity and investment development
and advancement of telehealth entities.
MEDICINE
TELE-SECTORS- TELE-TECHNOLOGIES AND NEW OPPORTUNITIES FOR PATIENTS
MEDICINE TELE-SECTORS- TELE-TECHNOLOGIES AND NEW OPPORTUNITIES FOR PATIENTS
Nowadays
an issue like telehealth or telemedicine is not something abnormal,
extraordinary or an extravagancy for richer part of the society. Moreover under
circumstances of COVID-19 pandemic the telehealth sector became more known
(thus in many countries telemedicine is a well-known medicine and services sector) and, what is more
relevant, it became one of the most (or even the most) crucial and indispensable
way to communicate with the doctor and to take care of yourself.
Fast,
easy to operate, straightforward and accessible for every internet and phone
users telehealth expanded into our life and our health-life. It is a undoubtful
fact that it is one of the most rapidly, dynamically, successfully branch of
economy, especially in the life sciences sector. The 4th economic
revolution we are experiencing and participating (consciously or unconsciously)
impressed us on the fact that an iphone just a smartphone has become the
command and management centre of our lives. Therefore we also use our phones (electronic
devices in general) to control, observe and manage our health- life or even
health life of our children, relatives and pets. Companies have long noticed
this medical-technological trend, but now (also due to the global situation) it
has significantly accelerated.
In
support of this thesis, we want to submit you a new report (CB Insights report)
about the state of telehealth sector and polish, detailed regulation (The
Minister of Health ordinance from 12th August, 2020) about the
tele-med-guidance rules.
FIRST
PART- TELEHEALTH MARKET RECOVERY
I
The
CB INSIGHTS published a report- State Of Telehealth Q2’21 Report: Investment
& Sector Trends To Watch which in a very adequate, professional and analytical way pointes the
main global trends in a telehealth economic sector out and uses the examples of
the biggest transactions, M&A with extensive use of statistical data,
diagrams and schemes.
On the 3th July 2021 the amendments of the Rules of Polish Civil Procedure and other statutory laws (especially the statutory law about solutions related to preventing, counteracting and combating COVID- 19) have entered into force.
The Act of the Council of Ministers’ initiative provides for a number of changes in the Polish civil procedure, including:
more
online hearings,
participation
of witnesses in remote hearings,
examination
of the case by a single-judge panel,
new
procedure for the service of judicial documents,
A powerful impact of Covid-19 on hospitals and healthcare systems
The coronavirus pandemic and associated
restrictions have made it necessary for the healthcare system to adopt
telehealth solutions to contact patients remotely and ensure adequate safety
for patients whose health conditions require a face-to-face and physical visit
to a specialist. It can be said that Covid-19 somehow motivated healthcare
institutions to adopt hybrid models of care, the introduction of which had been
considered for a long time.
According to the Accenture 2021 Digital Health
Tech Vision report, the majority (86%) of 399 healthcare managers from six
countries believe that their healthcare organization’s business and technology
strategies are becoming inseparable. Underscoring this point is a new survey
from FoxitSoftware examining the shift to paperless medical documents and
processes, including which departments continue to use paper and why. It turns
out that the Covid-19 pandemic situation made healthcare organizations want to
make most paper records into digital records as quickly as possible. According
to Deboshree Sarkar, Product Marketing Manager and Healthcare Marketing
Vertical Leader with Foxit, “collecting, managing, and sharing the data from
healthcare documents securely has become the top priority for every healthcare
organization we have worked with”.
“Urgent” adoption of electronic
document formats by health care organizations
“Since the start of the Covid-19 public health
crisis, how big of a priority has it been to adopt an electronic document
format for patient-facing healthcare forms and documents?” – a whopping 46% of
respondents replied “significant” or “urgent”. Many of the hospitals forced to
rapidly expand the virtual care services now are faced with the need to
digitize those paper-based documents that they continue to use for tasks such
as patient feedback. The fundamental problem is therefore how to reduce paper
dependence as much as possible and digitize these documents. Of the respondents
who completed the survey, 41% are from the C-Suite, 9.4% are health
practitioners, 9.4% are in quality, compliance or operations, and 7.8 percent
are in IT.
On June 24 – June 26, 2021 KIELTYKA GLADKOWSKI KG LEGAL is taking part in the Global DeFi Summit devoted to decentralized finance and the future of financial markets.
Produced by Blockchain Venture Studio Draper Goren Holm, the Global DeFi Summit is 2021’s leading annual gathering of DeFiers in the blockchain and cryptocurrency community.
The event is gathering an unparalleled group of DeFi innovators and change-makers to share their stories about how they are defining the next era of global finance.
Some of the topics discussed will be: the current state of DeFi; the rise of Dubai as the global hub of DeFi; the evolving landscape of venture capital in decentralized finance; how DeFi micro-loans will empower 3rd world countries; the current state of DeFi on Tezos Blockchain.
KIELTYKA GLADKOWSKI KG LEGAL has extensive experience in advising within the sector of decentralised finance, smart contracts, blockchains, DApps, flash loans, and all aspects of transactions.
