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HIPAA-compliance costs for new telehealth solutions just went down 90%.
California, December 4, 2020, ZEXPRWIRE, Telehealth is one of the fastest growing and most necessary industries right now, and the barrier to entering has just been lowered ridiculously low.
- Telehealth is projected to grow from $45bn (2019) to >$175bn by 2026
- One of the biggest barriers for pre-revenue telehealth startups are HIPAA-compliance costs
- Another is finding a trusted technical partner experienced in healthcare innovation
- The Topflight Apps & Agora Partnership Programme slashes those costs by 90%
- Topflight Apps is a leading US healthcare app dev company whose apps raised $165m+ of funding in 2020
At the height of the pandemic, between 50% and 80% of all medical visits were conducted through telemedicine, up from only 1% before COVID-19, Harvard Business Review reports. Doctors around the world began using whatever they could, even using common apps like Skype, however, specialist tools are needed to improve patient and doctor outcomes alike. In the US, data protection and compliance with HIPAA creates huge costs for physicians, estimated at $8.3bn a year, or $35,000 a physician.
Topflight Apps, one of the US app dev companies at the forefront of disrupting the healthcare industry, is partnering with Agora, a HIPAA-compliant service provider, to lower the barrier of entry for early-stage startups by cutting their costs by 90%. This service tier usually generates a cost of at least $2,900/month to any hopeful start-up. To help overcome the global crisis that governments and healthcare systems have shown themselves to be incapable of overcoming, Topflight & Agora are able to reduce that cost to $300/month for 5 accepted participants, and provide HIPAA-compliant video chat, recordings, streaming, and real-time messaging.
All aspiring telehealth entrepreneurs are invited to apply, provided they have secured funding for their application and have sought external feedback to validate and iterate their idea. The program solves the critical sticking point of HIPAA-compliance costs for pre-revenue startups, while Topflight is a proven, trusted technical partner to several cutting-edge healthcare solutions such as Medable (revolutionizing clinical trials, $124.6m raised), DermaSensor (diagnosing skin cancer with near-perfect accuracy, $14.6m raised) and Stellar Health (motivating value-based care, $14.9m raised).
About Topflight Apps: Launched in 2016 in Irvine, California, Topflight is a software development company which specializes in disruptive healthcare solutions (Clients include: Medable, DermaSensor, Merck, Stanford Medicine, Stellar Health)
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