LVGO - Disruptor Alert: These 3 Companies Are Changing Healthcare
The U.S. population is aging and expected to continue getting older for the foreseeable future. As demand on the system causes prices to steadily rise, pressure is being applied to both consumers of healthcare services and the providers themselves. Add a pandemic to the mix, and it's clear (if it wasn't before) the system needs some help.
But just how to go about tackling the issues with healthcare is highly contentious. While the debate continues, though, technology is already at work. Business disruption is aptly named. It creates some pain along the way, especially for incumbents that have been slow to change and adapt. But ultimately, disruption can create a better outcome for those making use of a service.
Technology is already beginning to make a serious crack in the healthcare industry and is creating some much needed improved patient outcomes (just look at the work Intuitive Surgical has done for outpatient surgeries in the last decade-and-a-half). In the years ahead, I think the pace of change will accelerate even more. Three disruptive companies that demand some attention are Veeva Systems (NYSE: VEEV), Livongo Healthcare (NASDAQ: LVGO), and Teladoc Health (NYSE: TDOC).