Telemedicine companies join Uber, Lyft among most-funded companies

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Of the 10 most funded on-demand companies in 2016, including Uber, Lyft, GrubHub and Instacart, two are telemedicine companies, reports Forbes, citing an Accenture report.

Teladoc comes in No. 5, having raised a collective $245 million. American Well takes the No. 7 spot, having raised $141 million.

Though those numbers still fall far behind investment totals for Uber and Lyft, which take the top two spots at $7.8 billion and $1 billion, respectively, Accenture projects a significant growth in on-demand health services, reports Forbes. In 2014, investment in on-demand health was $200 million, and it is expected to reach $1 billion in 2017, according to the report.

"This provides an optimistic outlook for telehealth platforms and other on-demand startups, reflecting the increasing value placed on engagement, accessibility and ease of use by the modern patient," Brian Kalis, managing director of digital health at Accenture, told Forbes.

More articles on telemedicine:

Saint Luke's Health System launches app offering virtual physician visits 
New RI law requires health plans to cover telemedicine services 
Arkansas telemedicine rules fail to gain approval 

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