If you missed round one of the telehealth boom, you may get a second shot.
Global cases are rocketing higher.
Dr. Anthony Fauci just said the U.S. is “going in the wrong direction” and “would not be surprised if we go up to 100,000 a day if this does not turn around.”
On top of that, some states are just now rolling back reopening.
“The surge of cases in California and the upcoming Fourth of July holiday weekend will force a rollback in the state’s phased reopening plans and stricter enforcement of health orders such as wearing masks, Governor Gavin Newsom said,” as quoted by CBS.
Globally, we’re up to 10.5 million infections, with 511,680 deaths.
The U.S. is up to 2.636 million cases. Brazil is up to 1.4 million. Russia is up to 65t3,479. India jumped to 585,481. The UK just recorded its 314,162nd case.
As the situation gets worse, we could see bigger demand for telehealth.
“COVID has catalyzed telehealth broadly across many healthcare subsectors. We think providers’ flip from reluctance to eagerness sparks biz model changes that are underappreciated,” Jefferies analyst David Windley said, as quoted by CNBC.
“Telehealth is ideally suited to meet the demands of inpatient care while at the same time reducing virus transmission, stretching human and technical resources, and protecting patients and healthcare workers in the inpatient care setting,” Duke University researchers in an article published in the Journal of American Informatics Association, as quoted by Healthcare IT News.
One of the top stocks to keep on radar is Teladoc Health (TDOC).
Since the start of the year, the stock has exploded from a low of $81.95 to more than $200.
“In the first quarter of 2020 alone Teladoc Health delivered two million medical visits to people around the world, while simultaneously expanding access to millions of new members,” said Jason Gorevic, chief executive officer. “As our clients and consumers have turned to us during these unprecedented times, our proven ability to meet their needs has elevated our global leadership role and accelerated our impact on the healthcare system overall.”