As the financial markets continue to struggle, digital health companies are conserving resources, slowing hiring and minding their burn rate given the uncertainty around the current economic slowdown and whether the economy enters into a recession, Fenwick and West Life Sciences Group writes for JDSupra.
Despite the challenges, many digital health companies remain favorably positioned as consumers, insurers and healthcare providers continue to look for new ways to extend care beyond the walls of health facilities and increasingly demand easier access to important healthcare data.
Recent deals and partnerships—especially those involving consumer and enterprise tech giants—hint at a sustained uptick in business for digital health companies.
Apple, Google, Microsoft and other technology leaders are pushing deeper into healthcare, and may consider partnering with, funding and acquiring digital health startups to reach their goals. And although 2022 has been a challenging year for these megacap tech companies, it hasn’t stopped them from making moves that show their healthcare ambitions are continuing full-steam. Read more.
