My clinic of seven doctors are all onboarding to Healthdirect (Coviu) starting today. The deal from the government is 6 months free membership / use of the platform. An excellent deal for GPs!!!
Due to this financial incentive, and COVID-19, Coviu is continuing to experience "explosive demands". There has been network outage, 3 days out of the last 7. Today's outage was for 2 hours. I think they are working round the clock to deal with a demand so huge that they never expected.
Telehealth in Australia is definitely taking off now. Its usage will skyrocket in the coming months.
I estimate at least 50% of all GP consults will be via telehealth. Now that would add up to a lot of consults!!!
If we remember that roughly 50% of GP consults are for respiratory infections (I suspect this percentage will be even higher now with COVID-19), then that means there will be a lot of respiratory infection consults!!!!
And then, if you add in the fact that respiratory infection consults are very difficult without a stethoscope, that would mean that
alot of this huge number of respiratory infection consults would end up needing ResAppDx!!!So there will be a huge number of ResAppDx uses, at $5/use.
And that's only in Australia!
I don't think you can invest in a better stock in the stockmarket right now!