DTS can assist you in entering this next multi-billion Telecom for Healthcare opportunity
In United States alone, several trillion dollars are spent in the healthcare industry annually. Although the spend continues to grow (~4.6% annually), the needs of certain segments of the population remain under served. With the increased adoption of Telehealth services (grew at 44% YOY over the past five years), quest to offer ubiquitous broadband coverage by FCC and availability of relevant technologies (such as IoT solutions, wearables etc.) – the opportunity is right for the Telecom operators to enter this inter-industry initiative. We at DTS call this inter industry initiative Telecom for Healthcare (T4H).
Per American Hospital Association (ASA), Telehealth adoption in hospitals have reached 76% in 2017 from 35% in 2010 (refer here) and is rising. The onset of COVID-19 has further accelerated that adoption. It is emerging as a fast-growing method of delivery of healthcare services. As shown, Aging in Place for elderly staying at home alone will reach $1.6Trillion by 2028. Telecom operators are uniquely positioned with access to the consumers and have presence at the point where they need the services. The enabling forces are stacked correctly for the Telecom and Healthcare collaboration. All that remains is for Telecom operators to transform themselves to address the T4H opportunity. An opportunity that not only will provide substantive revenue and will also position telecom operators as “saviors”.
DTS assists (the operators, the solution vendors, and the healthcare providers) with services such as the market entry strategies, business case creations, needs assessment, roadmap creation, packaged service offerings, organizational transformations etc.