The healthcare industry is growing faster than any other sector, and the demand for digital solutions in the medical field is increasing rapidly. These trends lead to increased adoption of new technologies in the health care industry, especially patient monitoring systems and telemedicine software. In addition, the rise of “wearable” devices such as activity monitors, electronic medical records, and computer-assisted diagnostic software has opened up many investment opportunities for investors looking to profit from this booming industry. These stocks may be worth your attention now or in 2022.
Phreesia, Inc. is a telehealth solutions provider specializing in remote patient monitoring and integrated medical communications. The company provides cloud-based services that enable clients to track patient health and assist with the workflow required to treat them remotely. Phreesia’s solutions are mainly used for cardiac care and diabetes management. The company operates in the Americas, Europe, and the Asia Pacific. Phreesia is headquartered in Reston, Virginia. The company’s remote patient monitoring platform combines electrocardiography (ECG) sensors, data analytics, and secure mobile communications solutions. The sensors are connected to an app installed on the patient’s mobile device. The sensors measure ECG and other vital signs and transmit the data to the app. The app allows patients to track their health data 24/7 and share it with the physician.
Schrodinger, Inc. is an artificial intelligence (AI) company that designs solutions for the pharmaceutical and biotechnology industries. The company operates in two segments: pharmaceutical AI and biopharma services. The pharmaceutical AI segment develops and deploys AI-enabled solutions that enable pharmaceutical companies to accelerate drug discovery and development. The biopharma services segment provides outsourced research and development solutions, including drug discovery and cell therapy process development services for biopharmaceutical companies. The company’s AI solutions are based on advanced machine learning algorithms and proprietary data assets. In addition, it has a collaborative research agreement with the University of Toronto, located in Toronto, Canada, to develop and commercialize new AI solutions for the pharmaceutical industry. The company was formerly known as Mycogen Limited and changed its name to Schrodinger, Inc. in May 2019. Schrodinger, Inc. was founded in 1999 and is headquartered in Toronto, Canada.
Teladoc Health (TDOC)
Teladoc Health, Inc. provides telehealth services in the United States. The company offers online and telephonic health care services, such as virtual visits, virtual mental health care, virtual urgent care, consultations with licensed health care professionals, and referrals to health care providers. It also offers health and wellness products, such as general health screening, hearing, diabetes, and cancer screening tests, and health education content, such as emergency preparedness, substance use disorder, and sexual health care information. The company offers its services through its website and mobile applications, as well as through third-party websites, mobile applications, and call centers. As of December 31, 2018, it had approximately 15.8 million members; and more than 25,000 health care providers were actively providing services through its platform. The company was founded in 1998 and is headquartered in Arlington, Virginia.
Evolent Health (EVH)
Evolent Health, Inc. provides virtual care services for health care plans. The company serves employer groups, health care organizations, and health insurance companies with a software-as-a-service (SaaS) technology platform that delivers high-quality care outside a traditional clinical environment. Its services include virtual, telehealth, care management, behavioral health, and work injury management. The company serves customers across the United States. Evolent Health, Inc. was founded in 2015 and is headquartered in Salt Lake City, Utah. These are some of the best health care technology stocks to buy in 2022. If you’re looking to buy healthcare stocks beyond 2022, you can look at our list of the best healthcare stocks.