Top 5 Companies in Telemedicine
Telemedicine represents a growing segment of the healthcare sector, and telemedicine companies are reaping the benefits of its rising popularity. According to the Global Telemedicine Market Outlook 2020, published by RNCOS Consultancy, the global market for telemedicine technology was estimated at $17.8 billion as of 2014, with a projected compound annual growth rate of 18.4% through 2020. (For more, see What Are the 5 Hottest Emerging Industries in 2015?)
Telemedicine Is on the Rise
With telemedicine seemingly on an upward trajectory, it’s likely that competition among companies may increase as newcomers enter the field. REACH Health’s 2016 U.S. Telemedicine Industry Benchmark Survey found that nearly two-thirds of healthcare providers included in the survey ranked telemedicine as one of their top priorities moving into 2017.
If you’re interested in telemedicine, either from an investment perspective or as a consumer who’s looking for more variety in how you receive medical care, here are five companies that have proven themselves as industry leaders.
Founded in 2010, CareClix coordinates with board-certified physicians around the world to provide a variety of telehealth services, including high-definition video examinations and remote consultations. CareClix also operates a provider care group, allowing physicians to offer their patients general and specialized services on demand around the clock.
On the patient side, the CareClix platform allows you to file and track claims online. You can also schedule telemedicine visits online and update them anytime through the self-scheduling feature.
Doctor On Demand
Doctor On Demand takes the house call virtual, making it possible for doctors and patients to connect via live video conferences. Patients can be treated for a range of minor medical conditions, including sore throat, sports injuries, rashes and flu symptoms. In June 2015 the company announced a $50 million Series B funding round, designed to allow Doctor On Demand to expand its range of services and grow its customer base in the process.
Read the Rest of Story – Source: Top 5 Companies in Telemedicine | Investopedia
By Rebecca Lake