Healthcare for the COVID Era To make good investments, you need to understand business. And part of that is understanding a company's customers. The pandemic has dramatically changed consumer behavior. A survey from the Alliance of Community Health Plans and the Academy of Managed Care Pharmacy shows that more than 40% of Americans have delayed care during the pandemic. And 41% are concerned about being able to see their doctor in a safe environment. Unsurprisingly, the survey also found that telehealth usage has skyrocketed during the pandemic. Forty-six percent of respondents said they feel comfortable using telehealth services, and 89% rated their telehealth experience as satisfactory. Companies like Teladoc Health (NYSE: TDOC), a virtual healthcare provider, have benefited greatly from this shift. Teladoc stock gained 150% over the course of 2020. Its innovative telemedicine model is perfectly suited for the COVID era. CVS (NYSE: CVS) is another company at the forefront of innovation. CVS, a member of The Oxford Communiqué's Trading Portfolio, operates more than 1,100 walk-in MinuteClinics across the country. Customers can access a wide range of services, from treatments for minor injuries, physical exams and diabetes screenings all the way to mental health counseling and, more recently, COVID-19 vaccines. CVS also provides telehealth services, including video appointments that are available 24/7. Alex has pointed out that CVS is on a mission to completely transform the American healthcare system. And, like Teladoc, it's well-positioned for the current environment. It's capturing patients who can't get appointments with their primary care doctors or who are avoiding doctors' offices due to COVID concerns. Since March 9, 2020 - when the market began its coronavirus crash - CVS stock has spiked nearly 30%. Growing Momentum These kinds of innovations are part of a larger trend in America: exponential growth. It can be hard to appreciate this kind of growth when you're used to modern-day technology. But to put it in perspective... When microprocessors were first produced in 1971, they could hold about 2,000 transistors. Today, they can hold more than 39 billion. In February 2005, Google launched its Maps service. The app is now on virtually all smartphones, making paper maps a thing of the past and making getting lost nearly impossible. NASA launched Curiosity, the largest rover ever sent to Mars, in 2011. Just three years later, the rover made one of the biggest space discoveries ever when it found water under the surface of the planet. In short, innovation is at historic levels. That's why Alex is so excited about what's coming. This trend is only going to accelerate. There are four innovations in particular that he believes will not only change the world but also reward investors. He has more details here. So keep an eye out for innovative sectors... They may just help make your portfolio. In the words of author Arthur C. Clarke, "Any sufficiently advanced technology is indistinguishable from magic." Invest well, Allison |
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