2 Big Telemedicine Stocks You Can't Buy Yet

TL;DR

Privately-held telemedicine companies MDLIVE and American Well are attracting major healthcare backers and reshaping healthcare delivery.

Transcript

Shannon Jones: Todd, with the time we have left, let's switch gears just a bit and talk about two privately-held companies, the first of which is a company called MDLIVE. It started back in 2006. It sounds very similar, to me, to Teladoc. But, it's attracted the likes of some big-name healthcare backers and partners. Todd Campbell: What's interesti... Read More

Key Insights

• 🥺 MDLIVE and American Well are leading telemedicine companies with significant funding and strong industry partnerships.
• 🧑‍💻 Insurers like Cigna and tech giants like Philips are investing heavily in telemedicine, signaling confidence in its future.
• 🪛 Telemedicine offers investors a compelling opportunity to tap into the evolving healthcare landscape and drive innovation.
• 🇦🇸 The growth potential for telemedicine companies like MDLIVE and American Well is substantial, with opportunities for expansion and impact in the healthcare sector.
• 💄 Telemedicine's role in addressing healthcare costs and improving accessibility is crucial, making it an attractive prospect for investors and patients alike.
• 😃 Investors should keep an eye on the telemedicine sector for potential growth opportunities in a rapidly evolving healthcare industry.
• 😨 The convergence of technology and healthcare in the telemedicine space is reshaping patient care delivery and transforming traditional healthcare models.

Questions & Answers

Q: What are the key differences between MDLIVE and American Well as leading telemedicine companies?

MDLIVE focuses on virtual visits with strong insurance partnerships, while American Well gained prominence through the Apple health study and substantial funding.

Q: How are major healthcare players like insurers and tech companies investing in telemedicine?

Companies like Cigna, Novo Holdings, Philips, and Anthem Health are heavily investing in telemedicine companies, recognizing their potential to reshape healthcare delivery.

Q: What opportunity does telemedicine present for investors and patients in tackling rising healthcare costs?

Telemedicine offers a valuable investment avenue with potential growth and efficiency benefits, presenting patients with low-cost and accessible healthcare options.

Q: What does the future hold for telemedicine companies like MDLIVE and American Well?

As telemedicine continues to gain traction, these companies are primed for significant growth, potentially becoming major players in the healthcare industry.

Summary & Key Takeaways

• MDLIVE, founded in 2006, is a significant player in telemedicine, expecting 500,000 virtual visits per year with backing from insurers like Cigna and Novo Holdings.

• American Well, involved in the Apple heart study, raised $366 million with investors like Philips and Anthem Health, showing strong support for telemedicine's future.

• Telemedicine presents a promising investment opportunity for both investors and patients, aiming to revolutionize healthcare delivery and control costs.