But investors seem to be getting more interested in the sector. The number of investments in the sector has nearly doubled since 2019 and the total annual amount of funding has increased from $57 million to nearly $500 million in the same time, according to Grata.
TELEMEDICINE ENABLERS
Nearly as important to telehealth platforms as the health care personnel is the information technology infrastructure and other backend management systems that make telehealth work. Known as telemedicine enablers, Grata has identified 114 of these businesses that average about 3.6% employment growth per year—a sure sign of strong growth.
Telemedicine enablers include companies like Meditab, a software business based in Sacramento, California, that helps physician offices manage electronic medical records and billing.
Providers that had existing telehealth infrastructure before March 2020 capitalized on this investment and thrived relative to their competitors in terms of being able to access patients, according to Cole.
“Technological advancement—for example in the areas of biometric sensors, advanced camera and audio data capture and even AI—offer very interesting opportunities to take telehealth to the next level,” he says, adding that there are opportunities for physician note transcription and prescription- writing to be automated as well.
Continued innovation is needed to increase access and usage, which will likely require federal and state support to broaden WiFi access to allow usage via mobile applications, potentially increasing the need for telehealth IT.
The market size of telemedicine enablers remains concentrated at the lower end of the spectrum, with more than half of companies employing 50 or fewer workers. However, 86% of companies in the market are independently owned—leaving plenty of opportunity for investment.
"middle" - Google News
January 12, 2021 at 05:26AM
https://ift.tt/2K6UBZd
7 Sectors Worth Watching - Middle Market Growth
"middle" - Google News
https://ift.tt/2MY042F
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update
No comments:
Post a Comment