In 2019, the total annual revenues of US telehealth players were an estimated $3 billion, with the largest vendors focused in the virtual urgent care segment — helping consumers get on-demand instant telehealth visits with physicians (most likely, with a physician they have no relationship with).
Before the pandemic, Statista predicted that the telemedicine market size would increase to $41.2 billion by 2021. With the acceleration of consumer and provider adoption of telehealth and extension of telehealth beyond virtual urgent care, up to $250 billion of current US healthcare spend could potentially be virtualized.
The Xigem Platform (the “Platform”) consists of a comprehensive cloud-computing solution for remote business operations, giving increased safety and access to remote virtual work environments. The Platform’s focus is synchronizing business practice and management productivity, providing virtual, face-to-face interactions instantly anywhere in the world.