When others in the community came to us and said, ‘business must be good for Beam now’, our response to that was: we’ve believed in Telemedicine for years and the only thing COVID has done is open the eyes of the payers to cost-savings and efficiency and made healthcare communities more innovative.
So yes, it made it easier that we didn’t have to explain the word telemedicine and the ‘why’ anymore, but the COVID surge is not a business model for Beam. Especially when our healthcare facility partners were hurting by 60-70% in revenue during the surge. We are a company based on long term partnerships instead of a short term opportunistic view. We were here long before COVID and we will be here long after to serve the community.