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The healthcare industry is a booming sector that doesn’t look to be slowing down any time soon. With the world’s population continuing to age, the demand for medical services and affordable access to health care will only continue to grow. This means that investors who take an interest in the space have ample opportunity for growth in the years ahead. The trick is figuring out which of the many stocks operating in this broad sub-industry are worth your money. If you’ve been contemplating investing in healthcare technology stocks as a worthwhile bet for the future, we’ve got you covered. Keep reading to learn more about seven of the best value healthcare technology stocks to buy in 2022, so you can start planning your strategy today!
Teladoc Health (TDOC)
Teladoc Health is a telehealth provider that allows patients to connect with board-certified physicians via phone, video, or email, without needing to schedule an in-office appointment. It also provides a variety of other healthcare services like health coaching, medical testing, and insurance verification. This company, which has been in operation since 1999, sees around 10 million patient visits per month and boasts a market cap of $4.4 billion as of this writing. Why TDOC is a Great Health Care Tech Stock to Buy in 2022: Teladoc Health offers a wide array of services to patients across the country, giving it a diversified customer base. The company’s services are valuable for a wide range of people, including those with limited access to healthcare, those who can’t get to a doctor’s office due to work or family obligations, and those who need help navigating the complexities of the healthcare system.
NextGen Healthcare (NXGN)
NextGen Healthcare is a healthcare solutions provider that specializes in software solutions for the business of healthcare. Its solutions include practice management, revenue cycle management, and population health management software. This company, which has been in operation since 1994, boasts a market cap just shy of $2 billion as of this writing. Why NXGN is a Great Health Care Tech Stock to Buy in 2022: NextGen Healthcare offers solutions that are both appealing and necessary to healthcare providers across the country. Without software solutions to help providers manage their businesses well, providers would struggle to stay afloat. NXGN’s software solutions enhance providers’ abilities to get the job done, and are therefore used by providers in the US and abroad.
Veeva Systems (VEEV)
Veeva Systems is a cloud-based software company that builds solutions for pharmaceutical and life sciences companies. Its key offerings include product information management, supply chain management, and laboratory integration. This company, which has been in operation since 2002, boasts a market cap of around $7 billion as of this writing. Why VEEV is a Great Health Care Tech Stock to Buy in 2022: Pharmaceutical and life sciences companies require complex software solutions to manage their businesses well. Veeva Systems has built a robust product line that appeals to these types of companies and is expected to see strong growth going forward. The company has partnered with several large customers and has been able to grow organically, which is always a good sign for investors.
Allscripts Healthcare Solutions (MDRX) Allscripts Healthcare Solutions offers a wide array of healthcare solutions. Its offerings include EMR, clinical documentation, population health, and financial services software. This company, which has been in operation since 1996, boasts a market cap of just over $3 billion as of this writing. Why MDRX is a Great Health Care Tech Stock to Buy in 2022: Allscripts offers a wide array of software solutions that appeal to a wide range of healthcare providers, including hospitals, ambulatory care providers, and integrated health systems. It has also expanded into international markets, which should continue to drive strong revenue and profit growth in the years ahead. All in all, Allscripts is a great option for investors looking to get into the healthcare technology industry.