Connect with us

Hi, what are you looking for?

News

Telehealth to remain in demand even after COVID-19 pandemic

917VENTURES’ telemedicine provider KonsultaMD expects the high demand for subscription-based telehealth services to continue post-pandemic.

“Telehealth is definitely here to stay. COVID-19 (coronavirus disease 2019) has certainly accelerated adoption for it, but it’s not going to disappear post-COVID,” KonsultaMD Chief Executive Officer Cholo A. Tagaysay said during a virtual briefing on Wednesday.

He added that even when coronavirus cases subside, usage of KonsultaMD remains high.

917Ventures, which serves as the corporate venture builder of Globe Telecom, Inc., expects KonsultaMD to follow the footsteps of its sister company Globe Fintech Innovations, Inc. (Mynt), the operator of GCash, in the coming years.

“We’ve had high hopes for KonsultaMD even before the pandemic. We saw it as a way to address the pain points in Philippine healthcare, which was suffering from a lack of healthcare professionals, inadequate health infrastructure, and limited accessibility, not to mention the high cost of medical consultation,” 917Ventures Managing Director Vince T. Yamat said.

“People were wary of using the service before as they are used to traditional face-to-face consultations, but with the pandemic, things have changed. Telehealth has become an important innovation that will stay and evolve,” he added.

According to KonsultaMD, medical consultations on its app have “skyrocketed to 1,549% versus pre-pandemic.” Mr. Tagaysay said he could not disclose the exact figures, but said the service has reached “over one million members who enjoy 24/7 unlimited access to licensed doctors via voice or video call for as low as P60 a month.”

“Our situation has taken away the reluctance of many Filipinos to try telehealth services. People are looking for ways to stay safe from the virus while our hospitals are overwhelmed with patients. KonsultaMD has become a platform that connects Filipinos to much-needed medical consults for non-emergency cases,” he said.

KonsultaMD app users can consult with doctors specializing in different fields — from general medicine, family medicine, obstetrics and gynecology, pediatrics, rehabilitation medicine, mental health support, psychiatry, dermatology, ophthalmology, dentistry, ENT, and surgery.

KonsultaMD said it also provides digital management of health consultation records and issuance of medical documents such as e-prescriptions, e-laboratory requests, e-referrals, and e-medical certificates. — Arjay L. Balinbin

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by enabling them to publish their stories...

News

Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by enabling them to publish their stories...

News

source: https://bit.ly/2GswBI6 ING BANK N.V.-Manila will leave the Philippine retail banking market before 2022 ends, just about three years after its foray into the...

Editor’s Pick

Autonomous warehouse robot maker BotsAndUs has secured $13m (£10.6m) in a seed round led by Swiss venture capital firm Lakestar. London-based BotsAndUs will use...

Editor’s Pick

Porsche Ventures has invested $1.5m (£1.2m) into British cycling insurance provider Laka as part of a wider $13.5m (£10.9m) Series A funding round. Headquartered...

Editor’s Pick

Netflix has announced another round of job cuts as it grapples with slowing growth and increased competition. The streaming giant said it was cutting...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Financial Advisors

The healthcare ecosystem is one that has thrived on the cusp of scientific progress, benefitting enormously from the winds of change in the technological...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.