Best healthcare tech stocks to buy now in 2022 –
The speed of change in the healthcare world is simply staggering. Individuals can now track their personal health statistics, monitor chronic conditions, and even book doctor appointments online; a far cry from the days when visiting a doctor required booking an appointment weeks in advance and traveling to the local hospital for checkups. This article takes a look at some of the best health tech stocks to buy now, if you want to invest in this booming sector. These companies either offer products that directly support the operation of hospitals and medical centers or solutions that provide solutions to common problems that patients face on a daily basis.
Schrodinger provides software-as-a-service (SaaS) solutions that help pharmaceutical companies and their partners manage drug discovery and development. in 2017 to $9 billion in 2022. This is thanks to the growing demand for personalized medicines, where the effectiveness of the medicine is adjusted for the individual taking it. This trend has created a greater demand for software that can track and manage the development and testing process. Additionally, the pharmaceutical industry’s shift towards digital transformation has created significant opportunities for companies that can deliver healthcare technologies.
Teladoc Health (TDOC)
Teladoc Health provides telemedicine services through a network of more than 40,000 doctors across the United States who can provide medical advice and prescriptions to patients at home, over the phone. Teladoc’s business has benefited considerably from the rise of telemedicine. The company’s revenue and profits have grown significantly over the past few years due in large part to the increase in the number of patients visiting their website and requesting a consultation. Teladoc is also expanding into the international, with the launch of its services in Canada and the United Kingdom in 2019.
Evolutionary Health (EVH)
Evolent Health is a health management organization (HMO) that provides a wide range of health services to employers across the United States. These include health benefits administration and claims processing, as well as health coaching and wellness programs. Evolent’s core business is its health benefits administration service, which helps employers manage their health plans and provide coverage to their employees. Evolent has signed contracts with more than 350 companies. , representing more than 5 million employees. Its services are also marketed to health plans and government-funded programs that provide coverage for families, individuals and retirees.
Phreesia provides healthcare services to patients through its online platform that allows individuals to book appointments with healthcare providers and pharmacies. The company currently serves customers in 15 states and is expanding into other areas. EHRs, or electronic health records, are now mandatory in most hospitals and medical centers. However, implementation has proven difficult due to their complexity and high cost. Phreesia’s platform is designed to provide a simpler and more affordable EHR that can be used by small and medium businesses.
Investing in health technology can be an extremely profitable business. And the best health tech stocks to buy now are those that are at the forefront of the digital transformation underway in the sector. These companies are disrupting healthcare with innovative products and services that help improve the lives of patients and deliver significant value to healthcare providers. These are exciting times for healthcare investors. , and the best healthcare tech stocks to buy now are those that are well-positioned to profit from the growth of this industry.