Global Health Crisis Shines Light on the Future of the Telehealth Industry
- FinancialBuzz.com News Commentary
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NEW YORK, Feb. 18, 2021 /PRNewswire/ -- With the pandemic continuing to spread throughout the United States and the world, the need for alternative healthcare options is becoming increasingly clear. Since a state of emergency was declared in March 2020, virtual healthcare visits have increased dramatically, rising by 2,938% between November 2019 and November 2020, according to
data published in the American Journal of Managed Care. "While many health plans had already been investing heavily in telehealth infrastructure prior to the pandemic, COVID-19 has been a tremendous adoption accelerator," said Connie Hwang, MD, MPH, Chief Medical Officer and Director of Clinical Innovation at the Alliance of Community Health Plans. Mind Medicine (MindMed) Inc. (OTC: MMEDF) (NEO: MMED), Teladoc Health, Inc. (NYSE: TDOC), 1Life Healthcare, Inc. (NASDAQ: ONEM), Telus Corporation (NYSE: TU) (TSX: T), WELL Health Technologies Corp. (TSX: WELL) (OTC: WLYYF)