Three Health-Care IT Stocks for the Future
Health-care IT aims to bring the industry into the 21st century.
We see several potential investment opportunities among companies focused on health-care information technology. These are technology firms whose products help the health-care system run more efficiently. Their offerings run the gamut, from computers that keep tabs on patients to digital prescriptions sent directly from the physician's handheld device to pharmacies. Such digital administration reduces health-care delivery and administration costs.
We've recently reviewed and updated our takes on the seven health-care IT companies in Morningstar's coverage universe. Strong industry trends gird these firms' fundamentals and our estimates of their fair value. Market noise can buffet their stock prices, though, making them volatile. The stocks of a few of our favorite health-care IT firms are currently approaching our "Consider Buying" prices.
Mike Taggart does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.