A Tidbit from The Motley Fool The COVID-19 pandemic greatly accelerated the adoption of this industry
The Canadian healthcare sector is greatly fragmented. If you’ve visited a hospital recently, you may have also noticed that many of the tools and protocols that are used today are very outdated. WELL Health Technologies (TSX:WELL) is working on changing that. Through its products and services, the company hopes to improve health outcomes and patient experiences.
WELL Health operates 27 primary health clinics and hosts more than 2,200 clinics on its OSCAR EMR network. In Q1 2021, WELL Health saw nearly 470,000 patient visits. It’s important to note that the company has also managed to penetrate the massive American healthcare industry. This provides the company with greater opportunities for growth. WELL Health is currently valued at $1.5 billion. If the telehealth industry manages to grow at the forecasted CAGR of 25.2% from 2020 to 2027, investors could see massive returns.