Telehealth delivers temporary revenue stop gap among large providers, Fitch says

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Doctor HCA Healthcare, Universal Health Services, Tenet Healthcare and Community Health confirmed the increase in demand for remote services throughout the second quarter of 2020. HCA carried out more than 500,000 virtual gos to; Tenet reported more than 190,000 virtual gos to within its physician company and tens of countless hospital-to-hospital telehealth sees; and Community Health handled more than 230,000 virtual sees.

The rapid boost in telehealth services across the U.S. due to the COVID-19 pandemic has worked as a short-lived profits stop gap for in-person check outs and social distancing steps, according to Fitch Ratings.

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Large doctor and suppliers are positioned to gain from the acceleration of telehealth as it supplies profits continuity and positive results through the health care supply chain because doctors can continue to prescribe medications, according to the Aug. 20 report.

The need for telehealth services after the pandemic, however, will depend on two factors: whether Medicare and personal payers continue covering telehealth sees and if clients continue seeing worth in virtual care.

Jackie Drees –
Thursday, August 20th, 2020

Teladoc Health also reported 2.8 million virtual check outs in the 2nd quarter, which is more than 3 times the number managed throughout the exact same period last year. The company prepares for gains to continue into 2021, according to Fitch.

Merger and acquisition activities, equity capital and other investors have created considerable capital in telehealth due to the need for tech-based facilities to support virtual care during the pandemic. However, post pandemic, growth might be stymied by compensation uncertainty, senior citizens access to high-speed internet services and questions about efficiency of video versus in-person check outs.

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