As one of the last major holdouts in digitization, the healthcare industry is finally transforming with cutting-edge technology. In fact, over 88 percent of hospitals and health systems are investing in remote patient monitoring ‘RPM’ technologies to better connect hospitals with patients. This investment makes companies like Wearable Health Solutions, Inc. (OTCMKTS:WHSI), Epazz, Inc. (OTCMKTS: EPAZ), Teladoc Health (NYSE:TDOC), UpHealth, Inc. (NYSE:UPH) and several others mentioned later in this article top stocks for healthcare investors to ‘monitor.’
U.S. healthcare spending was around $4 trillion in 2020, Deloitte estimates that number will grow to $8.3 trillion by 2040. Health-focused technology will be a major driver for these ballooning expenses. To put into perspective what this growth looks like; US healthcare providers spent $11.36 billion on cloud-based technologies in 2020, a number that was 33% higher than the $8.55 billion spent in 2019.
To offset these costs, healthcare providers will start to push an already willing public to take a more active role in monitoring their health. RPM tools that track vitals, and send this information to doctors in real-time will save money not only by reducing visits but early detection and disease prevention.
25% US ADULTS SUFFER MULTIPLE CHRONIC CONDITIONS
One in four American adults suffers from two or more chronic health conditions. Medicare saved $36 million last year using RPM tech., which is significant for many reasons. That’s why Research and Markets predict the Global RPM market size will increase 128% by 2027.
RPM TECH COMPANIES TO ‘MONITOR’
While the pandemic saw several doctors turn to Zoom Video (NASDAQ:ZM) there are quite a few more healthcare-specific solutions in position to benefit from this booming market.
Wearable Health Solutions, Inc. (OTCMKTS:WHSI) is readying its iHelp Next Generation Platform (NGP) to monitor vitals such as blood pressure and oxygen levels. WHSI is developing a bio-sensor that can deliver vitals such as temperature, pulse and heart rate into a portal. Paired with peripherals, the iHelp 4G MAX is designed as a next-generation product.
It will have body-mounted sensors and artificial intelligence (AI). Fall detection and geofencing are other features. It features Wi-Fi, NFC (wireless data transfer) technology, and Bluetooth 4.0 Low Energy. WHSI works with 15 central monitoring stations and approximately 200 dealers. In the middle of last year, the Company reported 8,000 end users plus an order book of about 2,000+ potential activations.
Wearable Health, according to a recent report “appears poised to experience unparalleled revenue growth over the next 12 to 24 months following the iHelp MAX 4G launch.”
WHSI’s new iHelp 4G MAX will be telehealth-ready. Not only will it be capable of remote monitoring, but it will also plug into multiple devices and deliver vital signs in real-time. Technology and customer care differentiate WHSI from the rest of this ‘fragmented’ market
‘Telehealth’ is the key to the market. WHSI is readying its iHelp Next Generation Platform (NGP) to monitor vitals such as blood pressure and oxygen levels.
WHSI is also backed by a Reg A offering with $5 million to build and sustain its new 4G entry. WHSI projects full-year 2022 volume at $5.87 million.
Another nano-cap with a solution in this industry, Epazz, Inc. (OTCMKTS:EPAZ) is developing a technology that seems like something you would’ve seen on Star Trek years ago. Epazz, Inc. DeskFlex is a virtual office environment, the company announced it is now creating virtual clinics which will allow patients and doctors to perform visits and checkups in a virtual space. This will be a ‘Metaverse’ play as well.
Teladoc Health (NYSE:TDOC) is a bit more established as a virtual healthcare provider, although they are not in the metaverse ‘yet.’ Last year, the company booked $110 million in EBITDA, off of $1.09 billion in revenue. TDOC’s patients made 10.6 million medical visits. The company’s stock is trading 26x revenues, however, given its early lead in this space, it’s easy to see why.
One of TDOC’s competitors is UpHealth (NYSE:UPH), a company formed by SPAC GigCapital2 acquiring and merging UpHealth and Cloudbreak. In February, UPH announced that it’s HelloLyf™ CX digital dispensaries surpassed 2 million consultations in India. UpHealthoperates over 600 digital dispensaries. These digital dispensaries provide a complete primary and emergency healthcare solution from start to finish through consultation, confirmatory tests and dispensed medications. Consults in the digital dispensaries are efficient, requiring only 30 minutes on average.
A few other companies to ‘monitor’ in the remote patient monitoring space include iRhythm Technologies (Nasdaq:IRTC), Humana (NYSE:HUM), iRobot (Nasdaq:IRBT), and Castlight Health (NYSE:CSLT).
Wearable Health Solutions (OTCMKTS:WHSI) may provide the most upside from its current share price.
Disclaimers: Capital Gains Report ‘CGR’ is responsible for the production and distribution of this content. CGR is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available by CGR is not intended to be, nor does it constitute, investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report and publication. In no event shall CGR. be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or made available by CGR., including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. CGR. strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. For some content, CGR., its authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. CGR has been compensated three thousand dollars via wire transfer by Wearable Health Solutions, Inc. to produce and syndicate content for WHSI. As part of that content, readers, subscribers, and website viewers, are expected to read the full disclaimers and financial disclosures statement that can be found on our website.
The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.
Media Contact
Company Name: Capital Gains Report
Contact Person: Mark McKelvie
Email: Send Email
City: FORT MYERS
State: FLORIDA
Country: United States
Website: http://capitalgainsreport.com/