By Garima Kamo
May 10th, 2020
Healthcare is a multi-billion-dollar industry, and it is growing. The dynamics and size of the sub-segments within this vast industry are shifting.
Consumers’ demand for Telehealth services at home is exploding. The consumer demand for Telehealth shifted from 11% in 2019 to 76% after COVID-19. Telehealth claims rose by over 4000% from March 2019 to March 2020. Several factors have contributed to this. Some of the drivers and enables include the need to stay safe in the pandemic, insurance covering telehealth claims, reduction in travel time and cost, increasing tech-savvy consumer, and broadband availability.
Telecom service providers have an opportunity to get a slice of the multi-trillion-dollar Healthcare market by being the single point of consolidated access to a significant amount of healthcare service needs, for example, Telehealth and Aging in Place being a couple of them.
Healthcare providers have an opportunity to modernize and retain their consumers by partnering with telecom service providers. DTS calls this inter-industry collaboration Telecom for Healthcare (T4H).
There is a frenzy of confusing activity in the marketplace. The market is huge, with many players and the need is urgent. Device manufacturers, opportunistic application developers, and telecom operators can all do with external help to address this opportunity promptly. Duke Tech Solutions can be that “external” help.
Key Words: T4H, Telehealth, AIP, DTS Services