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 | | | A Surprising Healthcare Opportunity in the Era of "Social Distancing" | | Rebecca Barshop | Senior Managing Editor | The Oxford Club | | | | | Editor's Note: Our very own Matthew Carr just launched a YouTube channel!
Each week, Matthew will share with viewers his tips and tricks on maximizing returns while minimizing risk... especially during these tumultuous times.
I'll even tell you a secret...
His video for tomorrow features a special furry friend!
Click here to watch the first episode and SUBSCRIBE to the free channel.
- Kaitlyn Hopkins, Assistant Managing Editor | | | | | In times of chaos, there is opportunity.
And even during great upheavals - as my colleague David Fessler loves to say - "Technology marches on."
Yes, we are living through a surreal moment.
But this new environment - this new way of living - is fostering major changes. And not just in the way we do business.
There are plenty of essential services and industries that must continue to operate at peak performance, despite the crisis. And on the front lines is healthcare.
When the dust settles, this sector might be the most changed.
Due to the highly contagious nature of the COVID-19 virus, many doctors are encouraging patients who are exhibiting symptoms to visit them virtually.
To use "telemedicine."
Companies offering these services have welcomed a tsunami of interest since the onset of the pandemic.
In fact, the CEO of telemedicine platform provider American Well was recently on TV saying the company has seen a 10% to 15% increase in business directly related to COVID-19. | | | Competitors like Doctor on Demand and Teladoc are experiencing increased demand as well. The volume of virtual consults is increasing for both sick and healthy patients.
Additionally, an entire generation of new doctors is entering the field with the understanding that telemedicine is the future.
A friend of mine recently completed a year of research on the use of telemedicine video visits for children with medical complexities. These children are medically fragile and require costly pediatric care, making them prime candidates for treatment without travel.
This friend is one of thousands of doctors who are already equipped with the skills needed to make telehealth a reality beyond today's crisis conditions.
The silver lining of COVID-19 is that it could be a turning point for U.S. healthcare.
Before COVID-19 hit, telemedicine was clawing its way onto the scene. The global telemedicine market was valued at $40.1 billion in 2018. At the time, analysts forecast that the market would hit $148.3 billion by 2025.
Medical practices are notoriously slow to adopt new technologies like this. Patients and physicians are often hesitant to embrace something so drastically new.
But the current era of "social distancing" forces both to try out this new technology... and many are finding that it's not so bad.
Now, in the wake of COVID-19, I wouldn't be surprised if the market greatly surpassed that projected valuation before 2025.
Already, the sudden and widespread adoption of telemedicine has been so successful that telehealth providers don't expect to return to pre-pandemic levels.
It's here to stay. And COVID-19 helped accelerate its spread.
Stay safe and sanitized,
Rebecca | | ** Coronavirus Crisis: The Latest **
From Our Health Partners at Practical Health Today | A Better Way to Diagnose? This could be a big breakthrough for "flattening the curve."
If you wake up and can't smell the coffee, it's time to hunker down. The inability to taste or smell can be an early warning sign of COVID-19. And for many, it shows up well before the telltale cough and fever.
British researchers have found that patients who had a loss of smell and taste in addition to other COVID-19 symptoms were three times more likely to test positive for the virus.
More research is needed, but this study seems to indicate that if you can't smell or taste and exhibit other COVID-19 symptoms, it's critical you call your doctor... and self-quarantine for at least seven days to avoid spreading the disease.
For the latest news on the coronavirus and natural ways to fight back, check out the Practical Health Today website. Or sign up for e-letter updates by clicking here. | | | |
| | |  | | | | | |  |  | | | | David Fessler | April 1, 2020 COVID-19 has pummeled the energy sector, disrupting utilities and renewable energy projects. Read More | | | | |  | | | | Matthew Carr | March 31, 2020 As pot stocks tank, cannabis companies are at risk of having their shares delisted from major exchanges. Read More | | | | |  | | | | Matthew Carr | March 30, 2020 A market crash is usually the time to go shopping for discounts, but be wary of these five stocks right now. Read More | | | | | | | | |
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