3 Telemedicine Stocks You Never Heard of but Should Buy Now

Joseph Hogue
•June 7th, 2021
DESCRIPTION
Telemedicine could be one of the biggest trends over the next decade and these are the stocks to buy now. This is a multi-billion market opportunity in healthcare stocks as the industry finally adapts to new technology and drives telehealth stocks higher.
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One of the biggest changes from the pandemic was the shift to telemedicine. In the past, regulators and restrictions kept telehealth from expanding because of insurance reimbursement and it meant lower profits for doctors. The lockdowns meant regulators had no choice but to relax restrictions on telemedicine and it drove a 4,000% increase in virtual visits.
It’s a change that isn’t going back to how things were before. Doctors at the UCLA health network estimate that 20% of visits will continue to be through telemedicine, versus just 4% before the pandemic. The adoption of technology and virtual healthcare has not only unlocked cost benefits but has increased access to healthcare.
This is a trend every investor needs to get into now before these stocks become leaders in healthcare. They aren’t necessarily cheap after last year’s run in prices but they will look like steals in ten years when the shares are 10X higher.
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

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