COVID-19 has greatly changed how we care for ourselves and has resulted in a massive change to how we connect with our doctors. Providers are seeing 50-175 times the number of patients via telehealth visits than they did before the pandemic, and Forrester predicts that virtual care visits will soar to more than 1 billion by the end of 2020, including 900 million visits related to the coronavirus.
Telehealth has great potential to increase healthcare access for everyone during the pandemic, and this is especially important for older adults and other populations at higher risk of contracting COVID-19. But, virtual visits can also be stressful for those with an aversion to using technology to speak with their doctor.
As patients who might’ve shied away from technology in the past now need to use it to connect with their doctors, it’s important for healthcare providers to ensure their telemedicine platforms
In international relations, a proxy war is an armed conflict between two smaller groups each representing the interests of larger nations. Two recent examples saw the U.S. and Iran supporting opposing factions in Iraq in the mid-2010s and the U.S and Russia doing the same in Afghanistan during the early 1990s.
Although the stakes are not comparable, there may be similarities in how the telehealth industry takes shape over the next decade. Fast-growers Teladoc(NYSE:TDOC) and American Well(NYSE:AMWL) (recently rebranded as Amwell) are getting a lot of attention due to their recent transactions: an acquisition and an IPO, respectively. But technology giants Apple(NASDAQ:AAPL) and Google parent Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) are taking up positions that may make telehealth players pawns in a larger battle.
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The right place at the right time
The telehealth market is estimated to grow to $23 billion in 2025 from only