FemTech, which incorporates the whole lot from menstrual merchandise

to telehealth companies, is an business that rising quickly globally.

Austin Startup Week hosted a panel dialogue Wednesday with innovators from throughout the nation to speak about telehealth companies and the FemTech business.

Ladies’s telehealth is bridging the gaps of entry, mentioned

Shawna Butler, a registered nurse, who launched the panel.

“There’s a rising

consciousness of well being disparities and of well being inequities throughout all of our

well being indicators however particularly once we begin ladies’s well being and

ladies’s healthcare,” she mentioned.

The panel dialogue included Dr. Brittany Barreto, host of FemTech Focused podcast, who served as moderator. The panelists included Sigi Marmorstein, CEO and Founding father of BabyLiveAdvice, telehealth consulting companies in Los Angeles, Kiki Freedman, Co-founder and CEO of Los Angeles-based Hey Jane, a digital clinic that gives entry to abortion capsules and care, and Dr. Fahimeh Sasan, Kindbody’s founding doctor and an obstetrician-gynecologist in New York.

The FemTech market is estimated to be valued at $1.2 trillion globally by 2027, in accordance with FemTech Landscape research report, spearheaded by Barreto. And as of July 2021, the report discovered 657 energetic ladies’s well being firms globally. And about 20 new firms are added each month. And 80 % of them are led by ladies.

And whereas FemTech offers are getting cash, they don’t seem to be

getting sufficient, in accordance with the information. Within the first quarter of 2021, 22 offers

within the FemTech class attracted $418 million in funding, however that

represents solely 3 % of whole digital well being funding throughout the identical

interval, in accordance with S&P.

The Austin Startup Week panel additionally mentioned Texas’ new law, SB 8, that bans abortions at six weeks with few exceptions. The regulation additionally contains rewards for individuals who flip in ladies who break the regulation.

A gaggle of Austin-based startup tech leaders have spoken out in opposition to the regulation whereas huge tech firms have remained silent, in accordance with a Bloomberg news article recently. And a motion, Don’t Ban Equality, particulars the injury the regulation is doing in attracting and retaining feminine expertise to Texas in addition to its total financial impression.

“Present restrictions to abortion care as of 2020 in Texas already price the state over $14 billion yearly in financial losses,” in accordance with Don’t Ban Equality. “Even earlier than SB 8, a brand new report by Oxfam America ranked Texas because the 48th finest state for working ladies in 2021, making it the fourth-worst within the nation.”

Texas is among the many states that had been already thought-about to be hostile towards abortion rights, according to the Guttmacher Institute. It studies that in 2021, 90 abortion restrictions have been enacted this yr.

However whereas that is occurring, Hey Jane, a web based telehealth startup geared toward offering abortion capsules and care to ladies, raised $2.2 million in August. Hey Jane, which launched this yr, operates in California, New York and Washington.

Telehealth abortion entry was not authorized in Texas earlier than SB 8, Freedman mentioned. Regulation wants to vary in Texas to make entry out there, she mentioned.

Kindbody, fertility and household planning clinics with 12 places nationwide, which does in-person and digital care, just lately raised $62 million in Sequence C funding, bringing its whole capital raised to $122 million.

The marketplace for fertility and household planning companies is underserved as a result of the prices have been so excessive, mentioned Sasan. Numerous obstetrics care might be carried out by consultations on-line, Sasan mentioned.

“We actually marry digital and in-person remedies,” she

mentioned.

Telehealth is the place it’s at proper now, mentioned Marmorstein,

CEO and Founding father of BabyLiveAdvice.

Most individuals have cell telephones, and the price of knowledge has gone down dramatically, making on-line care extra accessible to extra individuals, Marmorstein mentioned.

In 2009, it price $15 to $16 for a telehealth appointment and

now it’s simply cents, she mentioned.

“That enables us to do extra for much less cash,” she mentioned.

The COVID-19 pandemic additionally led to the adoption of telehealth care companies amongst pregnant ladies and medical doctors, much more, she mentioned. That’s vastly wanted, as a result of ladies typically get info from unreliable sources like Fb, Google, and chat rooms with different ladies, she mentioned. Telehealth permits them to get higher info from medical doctors, she mentioned.

Telehealth entry to abortion grew to become a mainstream possibility throughout

the COVID-19 pandemic, Freedman with Hey Jane mentioned.

The pandemic unlocked extra knowledge on the protection and therapy

of telehealth companies like abortion therapy, she mentioned. That added to the

rising pile of proof that telemedicine abortion is protected and efficient, she mentioned.

That knowledge goes to result in regulatory modifications, she mentioned.

The pandemic additionally highlighted the necessity for extra telehealth companies to new mothers. There’s quite a lot of care given to ladies earlier than they offer delivery, however only a few visits following the delivery, Sasan mentioned. The six weeks after giving delivery has quite a lot of dangers for ladies ensuing from seizures, bleeding, and postpartum despair, she mentioned. Telehealth offers the physician entry to the affected person after delivery extra typically and from their house and that may forestall some main well being issues, Sasan mentioned.

As well as, telehealth can deal with psychological well being points for ladies even higher than in-person care and has been occurring even longer than medical well being, mentioned Marmorstein, with BabyLiveAdvice.

On-line postpartum help teams have grown from 40 a month to greater than 300 a month and they’re all full, Marmorstein mentioned. And it’s not only for ladies, many males additionally take part, she mentioned.

Telehealth additionally evens the taking part in area to present ladies entry

to healthcare, Freedman mentioned.

With telehealth abortion entry by Hey Jane, ladies now not must drive a whole bunch of

miles to get an abortion, she mentioned. By means of telemedicine, Hey Jane can provide 24-hour help and

ladies can attain out at any hour for assist, she mentioned.

There are states with just one maternity ward serving hundreds of thousands of mothers creating maternity desserts, mentioned Marmorstein. Due to COVID, the U.S. misplaced 33,000 OB GYNs who left the sector, she mentioned. And the scenario is getting even worse, she mentioned. Telemedicine can fills a few of these wants, she mentioned.





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