Medical technology

A Pivotal Shift in Health Care Begins

Health care. The mere mention sparks debates. The one thing everyone seems to agree on is something needs to change.

In 2019, I believe big tech is going to stop waiting on Washington to figure it out and take over healthcare.

It’s already starting.

As the calendar flipped to 2018, Amazon, Warren Buffett and J.P. Morgan Chase announced a partnership to help tame health care costs.

Amazon had plans to become a wholesale drug distributor. Cutting out the middleman and cutting costs in the process. But, by April, Amazon dropped these plans due to cost and complexity.

It hasn’t stopped them.

Last month, Amazon started selling software that will comb through patient records that in turn could be used by doctors and hospitals to provide better treatment.

Amazon isn’t the only one trying to get their foot in the game.

Google recently hired a well-known hospital system-chief to oversee the healthcare side of their business.

And, Apple has been stepping up its game. The new Apple Watch is just one example. There is an EEG monitor that can provide doctors data while you’re on the go, fall detection that can direct you to help immediately, a breathing app to help you reach a calm state, and so much more.

Apple is also in talks with the Department of Veterans Affairs about software to help transfer veteran medical records to their iPhones.

But — I’m not recommending you buy Amazon, Google or Apple.

I think the best way to play this shift in health care is companies like Athenahealth Inc. (NASDAQ: ATHN).

You may not have heard of Athenahealth Inc, but they’re are a leading medical software and technical service company.

Athenahealth, Inc. essentially provides various network-enabled services for health care and point-of-care mobile apps and Wall Street’s noted the companies upside potential.

The company has strong guidance coming into 2019, with projected revenues falling in between $1.34 and $1.37 billion, as reported by Yahoo.

Additionally, Yahoo Finance reports the number of hedge fund bets on Athenahealth have increased 9% over the past few months.

This institutional investment bodes well for Athenahealth shares, but what’s driving the long-term sentiment is their basket of medtech products.

The company has a number of specialized networks and software that include, big data networks like athenaNet, athenaClinicals, athenaClinicals-Streamlined, athenaInsight, athenaCommunicator and athenaOne.

As the medical field becomes more and more dependent on medtech, companies like Athenahealth stand to benefit greatly.

Just Remember: ATHN is not an official Tech Profits recommendation. If you choose to act today, be sure to plan your entry and exit, conduct your own research and never bet more money than you can afford to lose.

To a bright future.

Ray’s Cannabis Corner

Big news coming out of California this week…

The California Public Employees’ Retirement System, the biggest pension fund in the U.S., released third quarter filings noting a small position in Tilray (NASDAQ: TLRY).

The fact that CalPERS is willing to make a public bet on cannabis investments is a big deal. As CalPERS goes, other institutional investors tend to follow.

If the trend continues it would really help finalize our push to full legalization.

For Technology Profits Daily,

Ray Blanco
Chief Technology Expert, Technology Profits Daily

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Ray Blanco

Ray Blanco is the editor of Technology Profits Confidential as well as Breakthrough Technology Alert, Ray Blanco’s FDA Trader, Penny Pot Profits,
Ray Blanco's Pot Stock Mastermind, and Technology Profits Daily. Ray has been with Seven Figure Publishing since 2010. In 2019, his closed positions in Technology...

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