Beyond COVID-19: How Tech Solutions Are Changing Patient Behavior

March 7, 2021

Healthcare Business Today

The impact of technology in healthcare cannot be overstated. Specifically, telemedicine has seen incredible growth in recent years — especially in light of the COVID-19 pandemic.

According to a report published by the Centers for Disease Control and Prevention, doctors’ appointments conducted over the phone or through videoconference increased by 50% in the first quarter of 2020 compared with the same period in 2019. While only about 11% of patients had tried telemedicine before the pandemic, that number climbed to 46% after social distancing requirements limited most in-person appointments.

Last year’s unprecedented events spurred telehealth industry growth, but it won’t stop there. Estimates from McKinsey & Company suggest that up to $250 billion worth of current healthcare spending could shift to virtual avenues. Meanwhile, The Business Research Company expects the telemedicine market to balloon from nearly $50 billion in 2019 to about $194 billion by 2023 — expanding by more than 40% per year.

By: T. Scott Law Sr. – Zotec Partners, Founder & CEO

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