More Americans are in favor of telehealth. In fact, according to a an Updox survey, out of 2,000 adults, 42% have used telehealth services since the pandemic began. Of those, 65% say it’s because telehealth visits are far more convenient to attend. Up to 63% said they like telehealth because it limits potential exposure to other patients.
“Following the current pandemic, telehealth will no longer be a ‘plus’ or ‘nice to have’ for practices -- it will become a requirement to stay in business. Virtual care and contactless offices will transform the way healthcare is provided, in response to both provider and patient concerns and preferences,” said Michael Morgan, CEO, Updox. “Today’s healthcare providers are seeking modern, impactful ways to maximize patient engagement, improve outcomes and enable more timely, efficient connections between patients and their trusted physicians. The experience must be consistent whether the visit is virtual or in office. Consumers have spoken to say this will be an expectation post-COVID.”
With the telehealth boom likely here to stay, some of the top companies that could benefit include CloudMD Software & Services Inc. (TSXV:DOC)(OTCQB:DOCRF), Teladoc Health Inc. (NYSE:TDOC), 1Life Healthcare Inc. (NASDAQ:ONEM), Anthem Inc. (NASDAQ:ANTM), and Humana Inc. (NYSE:HUM).
CloudMD Software & Services Inc. (TSXV:DOC)(OTCQB:DOCRF) BREAKING NEWS: CloudMD Software & Services Inc., a telemedicine company seeking to revolutionize the delivery of healthcare to patients, is pleased to announce that the Company has been invited to participate in the Canaccord Genuity 40th Annual Global Growth Conference August 11-13th, 2020. CloudMD’s CEO, Dr. Essam Hamza, will be presenting virtually on Wednesday, August 12th at 10am ET in track 11. The Company will also be participating in one-on-one investor meetings.
Dr. Essam Hamza, CEO of CloudMD commented, “With the significant changes in the healthcare sector, namely the growth in telehealth, we are looking forward to presenting CloudMD’s revolutionary healthcare delivery platform. Equally important, is learning about other sector leaders and potential synergies to continue digitizing the delivery of care and increasing the availability of telemedicine in North America.”
Other related developments from around the markets include:
CVS Health Corp. (NYSE:CVS) will hold a conference call with analysts and investors on Wednesday, August 5, 2020, at 8:00 a.m. (ET) to discuss its financial results for the second quarter of 2020. An audio webcast of the conference call will be broadcast simultaneously through the Investor Relations portion of the CVS Health website for all interested parties.
Teladoc Health Inc. (NYSE:TDOC) announced that it has completed its acquisition of Santa Barbara, Calif.-area based InTouch Health. With the integration of InTouch Health’s innovative telehealth capabilities linking providers to one another in complex medical environments, Teladoc Health will connect the care experience across in-patient, outpatient and home care settings, ensuring greater access to high quality care and better health outcomes. At a time when virtual care has never been more important, the company is now the only global end-to-end partner spanning the full spectrum from acute visits and chronic conditions management to complex specialty care and remote surgery. “As virtual care quickly becomes a necessity for all healthcare providers, the acquisition of InTouch Health positions us to lead this transformation in healthcare and be that single, integrated partner,” said Jason Gorevic, chief executive officer, Teladoc Health. “Doctors and hospitals need medical grade solutions and a unified virtual care strategy that can scale and grow with them. This acquisition makes Teladoc Health the first and only company to comprehensively deliver on that need.”
1Life Healthcare Inc. (NASDAQ:ONEM) announced that its second quarter 2020 results will be released on Wednesday, August 12, 2020, after the close of the market. The company will host a conference call on the same day at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results. A live audio webcast will be available online at https://investor.onemedical.com. The conference call can also be accessed by dialing 1-800-258-1651 for U.S. participants, or 1-612-979-9928 for international participants, and referencing conference ID 3165554. A replay of the call will be available via webcast for on-demand listening shortly after the completion of the call, at the same web link, and will remain available for approximately 90 days.
Anthem Inc. (NASDAQ:ANTM) has continued to take bold steps to directly support its health plan members, customers, care providers, associates, and local communities. “During these uncertain times, our business has continued to adapt and respond to the needs of those we serve in light of COVID-19 and the important discussions around health disparities and racial injustice facing our society. Now more than ever, our members, customers, and local communities are looking to us for support and I am honored by the trust they have placed in us," said President and CEO Gail K. Boudreaux. "Together, with our more than 78,000 associates, Anthem is guided by our mission of improving lives and building a better and healthier America." Anthem has been, and always will be, deeply connected and committed to our local communities. In addition to providing $2.5 billion of financial assistance to ease the burden of the COVID-19 pandemic, Anthem pledged $50 million over the next five years to focus directly on addressing health disparities, racial inequities, and the key drivers of health such as food insecurity, mental health, housing, and economic recovery.
Humana Inc. (NYSE:HUM), one of the nation’s leading health and well-being companies, and Heal, a market leader in transforming healthcare through in-home, comprehensive primary care, today announced a broad strategic partnership including a $100 million investment from Humana, bringing primary care to the home through house calls and one-touch telemedicine. Heal has pioneered 21st century house call based primary care, delivering more than 200,000 home visits in its first five years. This type of care not only provides a more comfortable and secure environment for patient care, but also allows doctors to observe indicators such as medication bottles, fall risks, allergens, and food insecurities. Heal telemedicine, telepsychology (CA only), and digital monitoring services round out a complete suite of services for patients in New York, New Jersey, Washington, California, Georgia, Virginia, Maryland, and Washington D.C.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. CloudMD Software & Services Inc. has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares of CloudMD Software & Services Inc. Please click here for full disclaimer.