Getting Insurance Coverage for Your Digital Health Product
Although most people are aware that digital health products are reimbursable, the reimbursement process is complex and can be time consuming. In addition, the reimbursement process for digital health products differs from other medical equipment. The reimbursement rate depends on the type of product and its intended purpose. For example, if you have a smartphone app that tracks heart rate data or a wearable device that measures blood pressure, it will probably be covered under Medicare Part B (which covers services such as outpatient care). On the other hand, if you're selling an app that helps patients manage their diabetes or manage symptoms of depression and anxiety through cognitive behavioral therapy (CBT), then these products might not qualify for reimbursement due to insufficient evidence regarding their efficacy in treating chronic conditions like diabetes or depression/anxiety disorders.
How Digital Health Startups Can Sell to Health Plans & Secure Adoption
When it comes to selling to health plans, you have to be patient. It can be a long process, but if your product has value and is scalable, then it will pay off in the end. Remember that every health plan is different so don't try and sell yourself short by selling directly through one of their vendors or distributors. Instead, find out what type of contracting model they use (like capitation or risk) and approach them directly with an offer tailored specifically for them!
How Digital Health Companies Can Sell to Employers
There is no shortage of articles discussing why healthcare startups fail. From product-market fit to leadership team, there are many factors that need to be just right for a new startup to gain traction. One of the most commonly cited challenges is business model: New healthcare companies must understand the nuanced and sometimes complex relationships between patient, provider, and payer in order to develop a business that is financially viable and scalable. These relationships are rarely linear in healthcare, where consumers of health services are often disconnected from those paying for the services.
Guide to Clinical Trial Advertising
Clinical trial advertising plays a vital role in recruiting participants for clinical trials. Digital health startups and digital therapeutics companies are increasingly driving the clinical trial volume, rather than traditional pharmaceuticals. In this article, we will discuss the basics of clinical trial advertising, including its purpose, importance, and regulations. We will also examine whether digital ads can be used for clinical trial advertising and the average cost per participant. Additionally, we will delve into the stages of clinical trial advertising and provide peer-reviewed studies to support our findings.
Understanding Venture Capital in Digital Health
Digital health venture capital refers to the investment of capital into digital health startups by venture capital firms. Digital health startups are companies that use technology and data to improve healthcare, including the development of digital health products and services, such as telemedicine platforms and medical devices.
Leadership Transitions Are Difficult, But It's Possible To Get Them Right
Leadership transitions are notoriously difficult for startup CEOs and boards. No matter how smart the team is, the departure of a key person is often fraught with tension.
How to Enroll Employees in Digital Health Offerings
Employers who offer digital health products have a unique opportunity to improve employees’ health and wellness. Employees can enroll in these offerings with a few clicks on their smartphones or laptops, but it’s up to employers to make sure that enrollment is easy and accessible. In this post, we break down the steps you need to take as an employer if you want your employees to participate in digital health programs.
Understanding CPT Codes: A Primer for Digital Health Startups
CPT codes, or Current Procedural Terminology codes, are a standardized system of codes that are used to describe medical procedures and services. They are used by healthcare providers and payers to accurately document and bill for medical services. Understanding CPT codes is important for digital health startups that are developing products or services that are used in the healthcare industry, as they can help ensure accurate billing and reimbursement.
Selling to Medicaid and Medicare Plans: A Primer for Digital Health Startups
When selling healthcare products or services, it is important to understand the differences between Medicaid and Medicare plans. Medicaid and Medicare have different eligibility requirements, coverage rules, and cost-sharing requirements, and they are administered by different entities. Understanding these differences can help you tailor your sales approach and ensure that you are meeting the needs of potential customers who are enrolled in Medicaid or Medicare.
What is All the Buzz about Direct-to-Consumer Digital Health?
Learn how DTC digital health can improve access to care, reduce healthcare costs, and promote better health outcomes for both consumers and health plans. Find out who provides DTC digital health services and how you can benefit from this model of healthcare delivery.
Healthcare Startups in Austin
Austin, Texas is becoming a hotbed for health care technology startups, and that's great news. The city has been building up its tech scene over the past few years and now boasts over 700 companies with a combined valuation of $10 billion.
As Tech Valuations Shrink, Digital Health Startups Can Get Even Stronger
By directly billing CPT codes for their services, digital health startups can bypass lengthy sales cycles, increase their reach, and prove their clinical impact. This will help them secure their place in a crowded market and contribute to a healthier future for all.
Best Neighborhoods in Tallahassee: Living in Betton Hills
Living in Betton Hills, Tallahassee, is nothing short of a dream. This neighborhood effortlessly combines the charm of a close-knit community with the conveniences of modern living. From the moment you drive through its tree-lined streets, you feel the warm, inviting atmosphere that makes it such a special place to call home.
Best Places to Live in Tallahassee: Betton Hills
The homes in Betton Hills, Tallahassee, are nothing short of stunning. This neighborhood is a treasure trove of architectural character and thoughtful design, with each property offering something unique. From charming mid-century ranch-style homes to elegant, custom-built houses, every street feels like a showcase of timeless style and quality craftsmanship.