BlueJeans telehealth platform
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Can Verizon's Digital Healthcare Initiatives Boost Its Market Shares?
ZACKS· 2026-01-14 17:06
Core Insights - Verizon Communications Inc. is increasingly focusing on the healthcare industry by delivering advanced connectivity, secure digital platforms, and intelligent technologies that enhance patient care and improve operational efficiency [1] - The company aims to extend quality healthcare services to remote areas where traditional access is limited [1] Digital Healthcare Solutions - Verizon's high-speed 5G and private network connectivity, secure cloud and edge computing platforms, and advanced cybersecurity services strengthen digital healthcare systems [2] - These services enable telemedicine, remote patient monitoring, real-time data sharing, and more efficient healthcare operations [2] Security Enhancements - The company has enhanced its healthcare security by adding new tools like the Security Management Program–Healthcare (SMP-H) and Partner Security Program (PSP) to improve compliance and protect patient data [3] - Verizon has improved its telehealth services through the BlueJeans telehealth platform by adding features like a Command Center dashboard and patient image capture [3] Strategic Partnerships - Verizon has partnered with several healthcare organizations, including AdventHealth, Tampa General Hospital, and Cleveland Clinic, to advance digital health solutions [4] - The company has also teamed up with Emory Healthcare, where its 5G technology powers a healthcare innovation lab to develop remote care [4] Innovation Centers - Verizon operates a Connected Healthcare Center to showcase real-world solutions such as virtual wards, wearable-enabled emergency services, team collaboration platforms, and virtual group consultations for patient care [5] - These initiatives enable Verizon to expand into the digital healthcare industry while creating opportunities for long-term growth and revenues [5] Competitive Landscape - Verizon faces competition from AT&T and T-Mobile in the digital health market [6][7] - AT&T is expanding its presence in digital health by using its 5G network and partnering with companies like Sovato for virtual care and remote patient monitoring [6] - T-Mobile is collaborating with CitrusBits to use 5G for connected healthcare and advanced medical training [7] Financial Performance - Verizon has gained 1.9% over the past year, while the industry has declined by 3.6% [8] - The company's shares currently trade at a price/earnings ratio of 8.09, lower than the industry average of 11.17 [11] - Earnings estimates for 2025 have declined by 0.4% to $4.68 per share, and for 2026, they have dropped by 1.4% to $4.81 over the past 60 days [12]