According to Kalorama Information, the telemedicine market could strike $86.6 billion by the year 2020. Some telemedicine providers are developing innovation to provide solutions that enable the patients to access care from the comfort zone of their homes. The innovation will allow patients to text or video conference to the therapist. A variety of telemedicine apps are being provided to accommodate dynamic needs and preferences. The telemedicine providers are increasingly flooded with competitors, and we can anticipate in witnessing significant shifts in the coming years as companies compete and test new business approaches.
Here are some examples of telemedicine providers that are transforming the way patients receive medical care.
American Well collaborates with employers, health plans and provides networks to bring telemedicine programs to the market. The company’s web technology and mobile offer an easy avenue for people to access to health care. American Well has expanded its services beyond care including post-surgical follow up and chronic care management.
Doctor on Demand
This telemedicine provider was established by TV personality Dr. Phi and his son Jay McGraw. They jointly produced the Doctors talk show on the television. The Doctor on Demand assists people to visit a physician to diagnose diseases through video consultations. According to Forbes, the Doctor on Demand reached a $21 million series A round led by Venrock.
This telemedicine provider helps consumers to send a text to a doctor at any time to ask fundamental health questions. This First Opinion telemedicine allows patients to know if it is necessary to see a doctor. The devices enable the customers to reach the doctor via texting. First Opinion has collected over $8.6 million in funding.
This type of telemedicine helps people to avoid wasting time in the waiting room and get urgent care by phone. It allows customers to pay $99 for a visit fee even if they are not insured. The PlushCare is used to diagnose non-emergency including medication refills, sinus problems, and urinary tract infections.