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Virtually everyone has heard the tale of Zoom Video Communications Inc. (NASDAQ: ZM) – the came-out-of-nowhere winner of the coronavirus pandemic.
With its work-from-anywhere software and hundreds of millions of meeting participants, Zoom has changed the way we look at our jobs.
And that promises to change the American workplace and the U.S. economy.
Here's why I'm telling you this.
There's another innovator out there – a tech firm that promises to have a bigger and longer-lasting impact on a different sector – the $1.7 trillion U.S. healthcare market.
This company – which I'm referring to as the "Zoom of Healthcare" – could be one of the biggest winners of the COVID-19 pandemic.
But many investors have never even heard of it.
This tech firm – and the pandemic-supercharged telemedicine wave that it's riding – are part of an enormously profitable trend that will only get more necessary in a post-COVID world. I grabbed my colleague and good friend Michael Robinson, editor of the Radical Technology Profits advisory and one of the sharpest tech experts you'll ever meet, to talk about how big this is for investors. We covered:
- The massive telemedicine wave and the huge opportunity it offers investors.
- A "hidden in plain sight" tech play – whose revenue could get a "telemedicine boost" of 35% to 63% a year.
- And the lowdown on our "Zoom of Healthcare" stock play.
These are opportunities you can start to get into today. So let's get started.
William Patalon, III: Michael, let me share a personal tale with you that I think a lot of readers now can relate to…
A couple weeks back, I had a doctor's appointment – one that had been scheduled for some time – and a few days beforehand, I got a text from the doctor's office that they were converting it to a teleconference call.
This was a first for me. And it came a week or so after I'd first used Zoom software to dial into an idea conference here at Money Map – joining the 300 million other folks who've embraced the work-from-anywhere technology.
But it's the telemedicine trend that has me so intrigued – thanks to a series of personal experiences that brought into focus the new industry that's being created and the massive upside it's creating for investors.
Not long after my "remote doctor's appointment," my Mom, who's in her 80s, had a similar experience. She had a follow-up appointment with a specialist, and they told her they'd do it remotely. They sent her a link ahead of time and – with a little help from my sister Kathy Ann – the appointment went off without a hitch.
About the Author
Before he moved into the investment-research business in 2005, William (Bill) Patalon III spent 22 years as an award-winning financial reporter, columnist, and editor. Today he is the Executive Editor and Senior Research Analyst for Money Morning at Money Map Press. With his latest project, Private Briefing, Bill takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish... and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.