Is technology the magic wand to fix health care?

Dear Angel Insights Reader, Today, I'm discussing how technology is impacting healthcare, and giving a lesson on how I analyze companies within this space from an investment perspective. How many telemedicine or phone appointments did your family have last year during the pandemic? While Teledoc has been serving up telemedicine for several years now, when the world shut down in early 2020, other telemedicine companies were also able to step into the gap by partnering with health insurance providers and appealing directly to consumers. In addition to Teledoc, companies like MeMD, iCliniq, Amwell, MDlive, Doctor on Demand, LiveHealth Online, Virtuwell, PlushCare, and HealthTap top healthline.com's top 10 list. But it's not just telemedicine in the health-tech space getting investor attention.

Health technology has several major problems to solve, including: Removing duplication and increasing continuity of care across multiple practitioners per patient through accurate and accessible health records Making virtual health more affordable to deliver and accessible beyond geography Free up practitioner time to connect with other practitioners and specialists and research, and less time in records. Leverage the availability of patient data and accessibility of anonymized patient data (cancer, as an example) to personalize more effective treatments, reducing costs and recovery times. In addition, technology has to avoid implementation side-effects, such as practitioner burnout. Click here to continue reading

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