Teladoc Health revised its full-year revenue outlook Wednesday after the virtual-care giant reported a $6.7 billion net loss in the first quarter, a significant jump from an approximately $200 million loss in Q1 last year.
The company said the loss was driven by a $6.6 billion non-cash goodwill impairment charge, related to Teladoc's $18.5 billion acquisition of chronic care management firm...
Oura, maker of a wearable health-tracking ring, tapped Tom Hale as the company's new CEO.
The wearable startup touted Hale's track record of taking companies to an initial public offering. Hale was previously president of SurveyMonkey owner Momentive, which held its IPO in 2018. Oura's previous CEO, Harpreet Singh Rai, announced he was stepping down from his post in December.
"ŌURA answers an...
Rapid-diagnostics company Cue Health earned $223.7 million in revenue for the third quarter of 2021, compared with $137.4 million for the prior quarter and $4.7 million for the prior year.
The company went public in late September, raising $213.9 million in proceeds after underwriting fees.
Net income dipped slightly to $19.3 million compared with $19.8 million in the second quarter, and earnings...
There are a slew of digital health startups looking to change the surgical space to make it more connected, from Hillrom's surgical communication tool to Activ Surgical’s solution that gives surgeons real-time intraoperative visual data.
London-based virtual surgery platform Proximie is looking to tackle surgical connectivity challenges with its augmented reality, machine learning and artificial...
Virtual care company Teladoc Health is partnering with Trustmark Health Benefits to offer a virtual-first insurance plan.
The health plan, called myVirtualCare Access, is built around Teladoc’s primary care offering, Primary360, which was made available for payers early last month.
Members will pay $0 co-pays for virtual services and preferential cost sharing for in-person services that are...
Virtual care giant Teladoc Health announced Wednesday that its primary care offering, Primary360, is now available for health plans, employers and other payers.
Primary360 allows members to choose a primary care provider and work with a care team, which can also help them find in-person providers if necessary. Members can make personalized healthcare plans and schedule phone or video telehealth...
After a fiscally strong 2020, Teladoc reported a net loss of $1.31 per share – missing its expectations by $0.71, in its Q1 earnings call. This came out to a total net loss of $199.6 million.
However, it did manage to beat its revenue expectation by $1.76 million. The telemedicine giant also upped its Q2 expectations, as well as its full year expectations.
"As a result of the momentum...
Teladoc Health has capped off what has proven to be a defining year for the virtual care company, if not telehealth at large.
In its quarterly earnings call yesterday afternoon, the company announced that it had outpaced its revenue and earnings targets for both Q4 and FY 2020. In addition, CEO Jason Gorevic highlighted investments and acquisitions made throughout the year to develop services...
Teladoc Health has launched new pilots of its virtual primary care program and hopes to explore its take on a hospital-at-home offering with large health system partners before the end of the year, CEO Jason Gorevic said this week during a J.P. Morgan virtual presentation.
Shortly after the talk, Teladoc also announced a new pilot with continuous glucose monitor (CGM) company Dexcom for eligible...
Teladoc Health has been on the up-and-up throughout the course of the COVID-19 pandemic, and yesterday's earnings report suggests that the company is having little trouble booking new business.
In Q3 2020, the virtual care company outperformed its revenue and total visit projections, and fell about in line with its prediction of total U.S. paid membership and visit-fee-only access. However, the...
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