Originally published on Best Stocks Category: best stocks to buy nowThe healthcare sector is booming, with new technology and services creating almost endless opportunities. In response, manufacturers, service providers, and other related businesses are increasing their focus on the healthcare industry. Moreover, given the aging population, the growing prevalence of chronic conditions like diabetes and obesity, and the increasing availability of high-deductible health plans that incentivize using preventative services, many lucrative opportunities are available to savvy investors in the healthcare space right now. The healthcare industry is one of the fastest-growing and most lucrative in the world. According to data from Statista, the global healthcare market is expected to exceed $9 trillion by 2021. As a result, investors have flocked to stocks related to healthcare services as a way to capitalize on this growth trend. This article will highlight the best healthcare services stocks to buy in October 2022 if you have a bullish long-term outlook on this market segment. These companies offer subscription services, diagnostic tests, or other types of medical care that don’t require hospitalization or surgery. We’ll look at their latest earnings reports, financial guidance, analyst recommendations, upcoming catalysts, and potential risks before making an investment decision. Humana Inc. Humana is one of the largest health insurance companies in the United States. It offers various medical health insurance plans to individuals, families, employers, and governments. As a result, it has a significant and recurring revenue stream that’s not tied to a particular patient’s health. This makes it less risky than other healthcare stocks. The company is also one of the largest providers of Medicare Advantage plans. Medicare Advantage plans are government-subsidized private healthcare plans for senior citizens that supplement Medicare coverage. Humana has also expanded into other areas like telemedicine and home health care. It’s likely to expand into other regions as the healthcare industry grows and becomes more integrated. Wellcare Corp. Wellcare is a health insurance company that offers Medicaid plans to low-income families. It does this by contracting with state governments to provide managed care services. Wellcare is one of the largest providers of Medicaid services, and it’s expected to see significant growth over the next few years. It’s also the largest managed care service provider to Medicaid populations in the United States. The company’s high-growth profile and recurring revenue model make it an appealing healthcare stock. There’s also been a significant increase in demand for Medicaid plans in the United States. As a result, Wellcare has seen substantial growth over the past few years. It’s expected to see even more growth in the coming years as the nation’s population grows and ages. UnitedHealth Group Inc. UnitedHealth Group is a diversified healthcare company that offers a wide range of products and services. It has a significant presence in the healthcare insurance industry. It also provides pharmaceutical products, services, and information technology solutions to the healthcare industry. As a result, it has a significant recurring revenue stream and a low-risk profile. The company also has a strong presence in the specialty pharmacy space. Specialty pharmacies dispense medications that require special handling, like liquid antibiotics. These treat difficult conditions like infections, cancer, and rare diseases. Specialty pharmacies are expected to grow in the coming years as the population ages, and people live longer with chronic conditions. Aetna Inc. Aetna is one of the largest health insurance companies in the United States. It offers various medical health insurance plans through government-sponsored Obamacare marketplaces and privately purchased health insurance plans. It also provides Medicare Advantage plans that the government subsidizes. This diversified revenue stream makes it less risky than other healthcare stocks. In addition, Aetna has been diversifying into new areas to diversify its business beyond health insurance. For example, it has acquired several companies that offer behavioral health, telehealth, and health management services. It’s also begun offering specialized wellness plans that reward customers for making healthy choices. CVS Health Corp. CVS Health is a pharmacy and retail health services company. It operates 9,700 retail pharmacies, the online health services company Healthways, and the retail health clinic MinuteClinic. It’s also the United States’ most prominent provider of prescription drug insurance coverage through its CVS Caremark division. CVS Health has seen a significant increase in revenue due to rising healthcare costs. As a result, more and more people are utilizing pharmacy and health insurance services. It has also benefited from the shift to retail health services from traditional healthcare providers. CVS Health is also in the process of acquiring healthcare services company Aetna. This will significantly increase its presence in the healthcare services space. It will also give it access to Aetna’s vast network of healthcare providers. This will help it expand its retail health services business. Conclusions Healthcare services stocks are an excellent way to diversify an investment portfolio. This industry is expected to grow as people live longer and have higher standards of healthcare coverage. As a result, investors have flocked to healthcare stocks. The stocks listed above have a low-risk profile and a high growth profile. Therefore, they should benefit from the continued growth of the healthcare industry. However, they are also likely to be acquired by larger healthcare companies looking to expand their presence in the industry. This article highlights the best healthcare services stocks to buy in October 2022 if you have a bullish long-term outlook on this market segment.