Telemedicine on phone Prior to the arrival of the novel coronavirus in March, the total annual revenues of U.S. telehealth players were an estimated $3 billion. (Photo: Shutterstock)

The COVID-19 pandemic has caused a massive acceleration in the use of telehealth services, with providers now seeing 50 to 175 times the number of patients virtually than they had before the public health crisis, according to a new report by McKinsey & Co.

The 10-page report found that up to $250 billion of the current U.S. health care spend could be virtualized, as providers have rapidly expanded telehealth offerings to meet increased demand to the pandemic.

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