Becker's Healthcare October 22, 2021
Telemedicine startups have pulled a record year of funding, with more than 500 companies securing $13 billion as of Oct. 18. However, with uncertainty surrounding state licensing waivers and reimbursement, some key players are concerned about growth stalling out, The Wall Street Journal reported Oct. 21.
Six things to know:
1. Venture capitalists have backed much of the growth startups have seen this year by investing $13 billion in 538 financings of U.S. telemedicine companies through Oct. 18, nearly double the $7.7 billion raised in 2020, according to PitchBook Data.
2. Startups also were supported by the temporary waivers of restrictions on telemedicine that many states allowed, including the provision letting physicians be licensed in their state...
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