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Telehealth

Telemedicine may be a key option for Fitbit to boost the wearable technology company's subscription service, according to co-founder and CEO James Park, Tech Spot reports.

Telehealth adoption has accelerated during the COVID-19 pandemic as hospitals and health systems increase their virtual care programs and technologies to stay connected to patients.

The pandemic has accelerated the adoption of some digital health tools, but there are still significant obstacles preventing widespread use of these tools in the healthcare industry.

Telehealth has played a significant role in initial public offering activity among healthcare companies in 2020, totaling  nearly $30 billion in deals, according to a recent S&P Global Market Intelligence analysis. 

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