2 New Digital Health Stocks for Your Watch List
The U.S. spent a whopping $3.6 trillion on healthcare in 2018, and an aging population with lots of chronic conditions to manage is expected to drive up costs to a mind-bending $6 trillion by 2027. At the moment, overtreatment, fraud, and other sources of waste sap an estimated 30% of that spending.
Roughly $1 trillion worth of efficiency just waiting to be squeezed out of a complicated system is helping a giant wave of digital health start-ups make their case, at least to institutional investors. Livongo (NASDAQ: LVGO), and Phreesia (NYSE: PHR) recently pulled off successful initial public offerings, but they're still flying under the radar. Here's why they deserve a lot more attention than they've been getting lately.
Image source: Getty Images.
Source Fool.com
