Telemedicine Companies Are Seeing A Spike Among Americans | Forbes

The following video is brought to you courtesy of the Forbes YouTube Channel. Click the video below to watch it now.

Recently, GoodRx cofounder and co-CEO Doug Hirsch and his team had an idea: what if their company could organize telemedicine practices in the same way that they’ve organized drug pricing? “Maybe I’m just some super organized kind of guy,” he told Forbes, but “nobody is helping Americans figure out what the right service is for them.” That’s why GoodRx today launched its telemedicine marketplace, where Americans can compare prices for dozens of telemedicine services.

The telemedicine market is booming, and has only accelerated due to the current COVID-19 pandemic that has been causing people to stay in their homes and seek out alternative ways to talk with a doctor. “Every day I wake up and there’s another service,” Hirsch jokes. The Santa Monica, California-based company, valued at $2.8 billion, acquired its own telemedicine company, HeyDoctor, last September. The new marketplace compares plans from that service, as well as 98point6, One Medical, Hims, K Health, and other telemedicine companies. Hirsch declined to say if it was also partnering with other telemedicine giants including Teladoc and AmWell, but says it’s continuing to add more companies “on a day to day basis.”

Telemedicine has been around for almost two decades, but still remains relatively unpopular with most Americans. According to a J.D. Power survey last year, only one in ten Americans have tried a telemedicine service. Reasons for that vary. For some, it’s because of barriers, including access to the internet in rural areas or a lack of insurance coverage (until this month, Medicare didn’t cover telemedicine services). Direct-to-consumer pharmacy brands like Hims and Ro have boosted telemedicine’s profile, but the majority of Americans still see their doctors face to face. But the current pandemic may be changing their minds. Hirsch says that the coronavirus outbreak has caused an “unprecedented demand” for telemedicine services.

Read the full profile on Forbes: https://www.forbes.com/sites/leahrosenbaum/2020/03/26/the-coronavirus-has-created-a-surge-of-telemedicine-demand-goodrx-now-lets-consumers-compare-services/#5cf2844f47f5

Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1

Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.”

Forbes

Forbes

Leave a Reply



Recent Posts


Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<