Telehealth Industry Growth Makes These Stocks Must-See: WHSI, TALK, UPH, AMWL, HIMS, DOCS
From 2010 to 2017 the American Medical Association conducted a study that found the number of US hospitals that connect with patients through the use of telemedicine increased from 35% to 76%. COVID-19 boosted these numbers like so much vaccine, the U.S. Centers for Disease Control and Prevention saw a 154% increase in telehealth visits during the last week of March 2020 compared to the same period in 2019.
Moving forward, telehealth looks to be a major part of the future of healthcare. Thereby, companies with telehealth services and products will benefit. That’s why investors would benefit from researching the following companies.
Wearable Health Solutions (OTCMKTS:WHSI) is a manufacturer of next-generation, advanced technology personal medical alarms and safety alert devices. WHSI’s technology can provide a leading edge for the Company in our current cutting-edge technology-driven markets.
● Unique Opportunity
Only Publicly Traded Small-Cap Stock in the $7.4 Billion PERS Market
● Major Marketing Campaign Kickoff Imminent
WHSI is launching a worldwide marketing campaign to expand its international network of distributors. Production is underway for the company’s spots on the weekly ‘Worldwide Business With kathy ireland®” show.
Ireland’s Company Reaches Over 200+ Million Households broadcast on FOX Business Network, Bloomberg International Television and video streams on all major social media platforms.
● iMax 4G Release
WHSI’s iHelp MAX™ 4G device is reportedly launching this year. The device will do more than transmit an emergency alarm for the user. It will also send medical personnel vital signs, such as heart rate.
This next-generation release would be huge for WHSI stock.
● WHSI Up Listing
WHSI’s Mark Cayle recently commented after releasing its Form 10, “Once our Form 10 Registration Statement is effective, we will consider an up listing to a broader stock exchange which could expand our exposure to institutional investors, money managers, family office funds, broker dealers, and other investors which is an important milestone in our corporate progression,” he concluded
An uplisting would be a major catalytic event.
UpHealth Inc (NYSE:UPH) Earlier on in the month UpHealth Inc had been in the news after it announced on March 9 that it appointed a new Executive Vice President of Integrated Care in the form of AshishhChona. The appointment went into effect immediately. It was was a major appointment for the company considering the range of Chona’s responsibilities.
He is going to be in charge of customer experience, overall operations, optimisation, implementation and delivery of the company’s integrated care management platform SyntraNet. The appointment could even lead to the creation of considerable value in the future for UpHealth and hence, it was a major development.
American Well Corporation (NYSE:AMWL) As far as health stocks go, it could be a good move from investors at this point to take closer look at SilverCloud Health, which is responsible for operating the biggest digital mental health platform in the world. Last week the company had come into focus among investors once again after it announced the launch of a six course program suite.
The suite consists of content, programs, videos and other tools that are meant for helping family’s with their mental health issues. The company had come up with the suite so as to help families combat mental health issues which may have been caused by the COVID 19 pandemic.
Talkspace Inc (NASDAQ:TALK) stock was in action on Tuesday with a jump of 12.50% to $1.53. The company announced a new app that helps parents become more confident in their approach to parenting. The app, called the Lasting Parenting Guide, comes at a time when parents are under unprecedented amounts of stress. A recent study from the American Psychological Association found that more than 70 percent of parents are concerned for their children’s social, academic and emotional development.
Doximity Inc (NYSE:DOCS): Computing technology is beginning to shake things up in the medical field, and Doximity is just one example of how that’s happening. Think of Doximity as a type of social network app but on steroids. Often compared to Microsoft’s LinkedIn, key features keep medical professionals up-to-date on the news, help them stay in touch with other care providers, and provide a marketing platform for the industry.
Hims & Hers Health Inc (NYSE:HIMS) Last but not least it is the multispecialty telehealth platform operator Hims & Hers Health Inc that investors could consider looking into at this point in time.
Earlier on in the month on March 2 the company came into focus after it announced that it had gone into a partnership with the integrative digital clinic Goodpath. It was a major new announcement from the company considering the fact that it was going to help in providing the company’s clients with even better service.
