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2 Telehealth Stocks to Buy as the Delta Variant Continues to Spread By StockNews

by Mike Robinson

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© Reuters. 2 Telehealth Stocks to Buy as the Delta Variant Continues to Spread

As the spread of the Delta coronavirus variant is leading to rising COVID-19 cases, the telehealth industry is expected to keep growing. Thus, it could be wise to bet on fundamentally sound telehealth stocks NextGen Healthcare (NASDAQ:) and Computer Programs and Systems (NASDAQ:).Even though the COVID-19 pandemic wreaked havoc across several sectors, the telehealth industry significantly benefited from the increasing demand for remote care. In the coming months, there could be an increasing number of COVID-19-related cases due to the continuing spread of the Delta coronavirus.

Fortune Business Insights reports that the worldwide telehealth market increased 135.2% between 2020 and 2028. It is projected to grow to $636.38 million by 2028. In August 2021, more than $19million was invested by the Biden Harris Administration to increase telehealth across the country and provide better health care in rural communities.

It is possible to make a wise investment in quality stocks of telehealth NextGen Healthcare, Inc. and Computer Programs and Systems, Inc. These stocks will reap the benefits of the expected increase in demand in the coming months.

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