Below we presented the list of the 5 best telemedicine stocks to buy now. For our detailed discussion and a more comprehensive list please see 12 Best Telemedicine Stocks to Buy Now.
5. Nuance Communications, Inc. (NASDAQ:NUAN)
No of HFs: 45
Total Value of HF Holdings: $3.05 Billion
Nuance Communications, Inc. ranks as the fifth-best telemedicine stock to buy now. They are one of the most popular companies when it comes to conversational AI innovations. Recently, the company launched the Dragon Ambient eXperience for Telehealth. It is a solution that revolutionized the physician-patient experience by securely capturing conversations and automatically create clinical notes.
In an article, RGA Investment Advisors, LLC highlighted a few stocks and NUAN was one of them.
“Early in the first quarter, we made a new investment in Nuance Communications. Nuance provides conversational artificial intelligence to healthcare (two thirds of revenue) and enterprise end markets. Within healthcare, in addition to owning a functional monopoly in radiology documentation with PowerScribe, the company has a strong suite of products powering the digitization of the industry. Nuance is best known for its Dragon medical dictation product, used by 55% of doctors in the United States. 11 They are currently transitioning Dragon medical dictation into a high margin, recurring revenue, cloudbased product called Dragon Medical One. Dragon Medical One grew revenue 54% last quarter, showing clear progress in the transformation.