4 Stocks That Continue To Gain From Telehealth Offerings

Various healthcare providers have developed vaccines to fight the COVID-19 virus, with the Pfizer (PFE - Free Report) -BioNTech one, the Moderna one, and the recent COVID-19 vaccine of Johnson & Johnson getting the Federal regulators’ approval. However, the massive vaccination drive across the United States is unlikely to lessen the wide-scale adoption of telehealth services by Americans. Innumerable health woes induced by the COVID-19 pandemic have been plaguing the nation and new variants of the virus have been adding to the woes.

With a spike in coronavirus cases, remote connection of doctors with patients will continue to be the safer option for Americans. Usage of web-based or cloud-based applications will result in smooth integration of telehealth into existing clinical workflows and systems, thus improving provider and patient experience. Also, there needs to be enhanced reimbursement policies in place for telehealth visits, which is expected to provide a boost to the growing popularity of virtual platforms over the long term.

4 Top Stocks to Watch

These four Zacks #3 (Hold) Ranked stocks mentioned below have been offering telehealth services and remain well-poised to gain amid the growing popularity of remote services. 

UnitedHealth Group Incorporated (UNH - Free Report) is making concerted efforts for bolstering its telehealth services suite ranging from collaborating with well-known companies, launching teledentistry services to inaugurating a digital health therapy with an aim to bring about improved health outcomes for people suffering from type 2 diabetes. Recently, the launch of new virtual care model Right2You by UnitedHealthcare aims to provide its members with an online service for custom-programmed hearing aids.

For 2021, the Zacks Consensus Estimate for the company’s revenues and earnings are pegged at 8.3% and 7.8% year-over-year growth, respectively.

Centene Corporation (CNC - Free Report) has been making every effort to offer telehealth offerings across every corner of the United States including the underserved ones. For this purpose, it collaborated with Samsung Electronics America last year. With digitization an integral part of daily lives, the company has acquired Apixio for availing enhanced AI technology solutions and digitizing its administrative activities.

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