As 2022 draws to a close, MobiHealthNews asked digital health executives about the biggest surprises and most noteworthy events that took place over the past year.

While the economic environment proved more challenging for startups, leaders noted several major deals particularly by large retail players and argued that consolidation could be a bigger trend next year. 

Guillaume de Zwirek, founder and CEO of Artera (formerly WELL Health)

“Though not surprising, the market downturn was a noteworthy event this year. Even when you spot a market bubble, you often don’t know when it will burst. Another noteworthy trend is how retailers are moving aggressively to reshape their businesses and provide care for large populations. Examples: Walgreens with VillageMD, CVS with Signify Health, Best Buy with Current Health and Amazon with One Medical.”

Russell Glass, CEO of Headspace Health

“Point solutions across virtual care, and in particular, virtual mental

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Sociodemographic and health-related factors are associated with long-term use of digital health devices, according to a study published in npj Digital Medicine.

Researchers followed a cohort within the long-running and ongoing Framingham Heart Study that used three digital components: a smartphone app, a blood pressure cuff and a smartwatch. 

Participants received app-based surveys at enrollment and every three months. Step count and heart rate data were collected daily from the smartwatch, while blood pressure measurements were taken weekly. During in-person exams, researchers collected sociodemographic information as well as data about health status and behaviors.

The study found that older age (55 years and above) was associated with higher use of each device over the yearlong follow-up period. Women and participants with higher levels of education were more likely to complete the app surveys. Higher scores for depressive symptoms and lower-than-excellent self-rated health were linked to lower smartwatch use. 

“These

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San Francisco-based Augmedix has progressed from a Google Glass-based clinical documentation startup to a publicly-traded, AI-enabled ambient automation platform that documents patient encounters and generates medical notes that can be transferred to an EHR.

The company, founded in 2012, also provides pre- and post-visit documentation offerings to give providers a more complete digital picture of a patient’s health journey. 

Ian Shakil, founder, director and chief strategy officer at Augmedix, spoke with MobiHealthNews to discuss the company’s evolution and its anticipated release of a new product in 2023. 

MobiHealthNews: Can you tell me about Augmedix and how it works in the ambient documentation space?

Ian Shakil: I started the company about 10 years ago with the mission to rehumanize the provider/patient interaction. Originally, we were only operating on Google Glass. What we did is we put technology at the point of care when providers and patients are having conversations.

What

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MobiHealthNews spoke with several digital health stakeholders about 2022’s funding environment and how it affected digital health startups.

Investments in 2022 decreased drastically compared to the swells of financial capital raised in 2021, and that lack of funding forced companies to rethink their business models.

Read digital health execs’ insights on how this year’s decreased funding forced layoffs, business model redesigns and an increased focus on company value.

Dr. Jon Bloom, cofounder and CEO of Podimetrics 

“The funding environment for digital health startups in 2022 was, well, rough. As an industry, we went from being a beacon of innovative hope amid the pandemic to an unintentional harbinger of bloated valuations and a destroyer of shareholder value.” 


Dr. Jennifer Schneider, cofounder and CEO of Homeward

“The current market dynamics have forced entrepreneurs to focus clearly on what truly matters for the business and the industry more broadly. While the recent widespread

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After digital health startups scooped up huge amounts of investor dollars last year, the market slowed down significantly in 2022. But it’s still a relatively new field, and there’s plenty of room for startups that can prove their ability to improve care, says John Beadle, managing partner at Aegis Ventures.

He sat down with MobiHealthNews to discuss the growth in partnerships with health systems and venture capital firms, the changing funding environment, and what digital health investment in 2023 could look like.

MobiHealthNews: What are some of your big takeaways when you look back at digital health in 2022?

John Beadle: Despite the macro environment obviously turning down, the transformation and care delivery and innovation that was spurred by COVID is definitely continuing to accelerate in a lot of different areas. I think the industry has really hit a tipping point, and we should continue to see innovation advancing at

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