Big money will come for companies like ResApp IMO..
While it is predicted that a market correction is likely companies that have a remote Telehealth offering will likely increase in value..
It is likely that Telehealth codes will stay beyond September 30 and if this is announced expect a massive re-rate in our company as the huge rewards for companies like RAP will continue to grow rapidly. This will be massive news for this company guys keep an eye on this...
The new normal in healthcare
"Covid-19 has changed our lives in many ways and while the pandemic itself may be temporary (hopefully), some of the changes it has prompted are expected to be far more enduring. The healthcare sector has experienced a shift in practices that Morgan Stanley feels may be permanent.
The government introduced new Telehealth codes for GP attendance which now make up about 35% of current consultations. Retaining this could increase convenience for patients and cost savings for both patients and medical centre operators. GP supply constraints could also ease up.
Morgan Stanley analysts estimate the total addressable market (TAM) for GP consultations to be about $6.5bn (in the 12 months to March) of which Telehealth could constitute $2.8bn.
Sonic Healthcare ((SHL)) and Healius ((HLS)), with a notable share of the GP attendance market, will benefit in terms of cost savings.
The Australian Health Ministry is currently assessing options pertaining to retaining Telehealth codes beyond September 30, 2020."
