QUALCOMM, Inc. (QCOM): A Long Road To The Revolution

My take is that Qualcomm has rapidly established itself as the de facto standard for connecting with medical devices. The company isn’t doing it alone, though. It teamed with Ingram Micro Inc. (NYSE:IM), the world’s largest technology distributor, to support the implementation, logistics, and financial services related to the 2net hub and platform. This partnership should help propagate QUALCOMM, Inc. (NASDAQ:QCOM)’s technology more effectively than the company could have done on its own.

A perfect storm
In some ways, a perfect storm seems to be happening for telemedicine. Reimbursement and regulatory obstacles could be moved out of the way soon. Demand is building for solutions to health care provider shortages and for controlling medical costs. Health reform is pushing hospitals to reach patients outside their walls increasingly more to reduce readmissions. The technology is better than ever before.

ATA CEO Jonathan Linkous thinks that use of telemedicine will double within the next few years. Research firm InMedica projects a six-fold increase in telemedicine and related technologies by 2017. I suspect they’re both correct.

Telemedicine will revolutionize health care. In doing so, it will create tremendous opportunities for companies leading the way — like QUALCOMM, Inc. (NASDAQ:QCOM) and a few others — as well as their investors. This slowly unfolding revolution is primed and ready for its “overnight success.”

The article 1 Slowly Unfolding Health Care Revolution and Its Unlikely Leader originally appeared on Fool.com and is written by Keith Speights.

Fool contributor Keith Speights has no position in any stocks mentioned. The Motley Fool owns shares of Qualcomm.

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