OTCPK:MEDVF - Post by User
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Hiddensecretson Feb 16, 2021 12:17am
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MEDV has entered a $ 155 Billion Market (Telemedicine: Huge)
MEDV has entered a $ 155 Billion Market (Telemedicine: Huge) 2020 Outlook: Telemedicine
May 28, 2020 | Business Valuation, COVID-19, Telemedicine
Emerging as an essential tool in the efforts to combat the novel coronavirus (COVID-19), the telemedicine industry is expected to reach $155 billion, growing at a compound annual growth rate of over 15 percent through 2027
According to IHS Markit Ltd, physician demand will grow faster than supply in the U.S., leading to a projected primary care and non-primary care shortfall of between 46,900 and 121,900 physicians by 2032.
The use of telemedicine is able to alleviate the physician shortage in many ways. The increased access to preventive care through telemedicine may help prevent emergency room visits, while remote patient monitoring has the ability to help reduce hospital admissions, re-admissions and emergency room visits.[8] Telemedicine may also benefit rural communities through efficient utilization of physician resources. Specialty physicians who have excess availability may treat patients outside of their typical markets, benefiting both physicians and patients alike. Lastly, telemedicine companies have increased the efficiency of providers by using the power of artificial intelligence to help triage/diagnose patients.
https://healthcareappraisers.com/2020-outlook-telemedicine/
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