Telehealth has been an emerging trend for quite some time. The pandemic has only accelerated the speed at which our nation was moving toward digital health. What we’ve seen with Covid is its been the catalyst in many ways forpeople to rethink lots of different areas of life, and access to and delivery of health care is one of the first and foremost.
Telehealth has been an emerging trend for quite some time. The pandemic has only accelerated the speed at which our nation was moving toward digital health.
What we’ve seen with Covid is its been the catalyst in many ways forpeople to rethink lots of different areas of life, and access to and delivery of health care is one of the first and foremost.
And how big is the market? According to Grand View Research, the global digital health market grew from $95.8 billion in 2018 to $114.5 billion in 2019. And this year that number is expected to reach $144.4 billion.
There are several privately held companies that are surging. But for the purposes of your portfolio, let’s focus on five of the biggest publicly traded companies. Shares of these companies have been climbing since the beginning of 2020.
Telehealth Stocks: Teladoc Health (TDOC)
Teladoc has resources in place to match patients with licensed physicians to help investigate symptoms, prescribe tests and medications if necessary. When necessary, the doctors can make referrals to specialists or emergency departments.
Livongo Health (LVGO)
Livongo comes at telehealth a bit differently from Teladoc. The company sells personalized coaching services to employers and health systems. At the end of March, the company had sold its services to 1,252 clients — that was a 44% sequential increase. The company’s No. 1 productnamed Livongo for Diabetes has more than 328,000 members. This is a growth of over 100% over the same period in the prior year.
Telehealth Stocks: One Medical (ONEM)
Patients pay the company a $199 annual fee. This gives them access to the company’s primary-care physicians and services. In some cases, the company gives patients the ability to text their doctors to schedule same-day appointments. One Medical is using its capabilities to launch billable telemedicine visits while helping facilitate testing, collecting patient specimens at outdoor testing sites and designated respiratory care clinics.
Referencing Article:
Chris Markoch. The 5 Best Telehealth Stocks on the Market Right Now InvestorPlace 2020
