The year 2019 was good to Teladoc Health. Although still operating at a loss, the virtual care provider enters the new year hot with reports that revenue and visits — domestic and international, paid membership and visit fee — all outpaced the company’s projections.
Teladoc said during a Wednesday afternoon earnings call that it is expecting that growth to continue. Part of this is due to the...
This weekend, Teladoc Health announced its $600 million purchase of InTouch Health, a fellow telehealth provider focused on enterprise offerings.
The big ticket move is an effort to build a single point of entry for integrated virtual care across conditions, and across provider and consumer markets, the companies wrote in their announcement.
''Today marks a bold leap forward in Teladoc Health's...
Editor's note: This article has been edited after publication.
Last December, Teladoc Health made an unannounced deal with TelaDietitian (formerly Nutrify), a consumer and enterprise platform for video consultations with registered dietitians, according to documents provided to MobiHealthNews.
This strategic acquisition provided Teladoc access to the smaller company’s multi-state network of...
Teladoc Health stuck to its game plan in the second quarter and first half of 2019, the company reported last week in its earnings call.
Total revenue, membership and service utilization are each trending upward while the telehealth company’s international and strategic investments appear to be taking hold. However, the company still has yet to turn a profit, although it is aiming to be cash flow...
Castlight Health is seeing some major change ups in leadership this week. Yesterday the digital health company announced that its current CEO John Doyle is stepping down as director. The company has tapped Maeve O’Meara as the company’s next CEO. Siobhan Nolan Mangini will also join as the company’s next president, and maintains her position as chief financial officer.
"With the appointments of...
Teladoc Health has tapped Mala Murthy as its latest CFO, the telehealth company announced on Tuesday. Murthy most recently held a CFO post within American Express’ Global Commercial Services Segment, where she oversaw financial planning and analysis, M&A and investment and operating expense management.
“Teladoc Health has reached an exciting and pivotal time in the company’s history and I’m...
Telemedicine giant Teladoc announced this morning that it is teaming up with Cincinnati Children’s Hospital Medical Center on a new project aimed at creating a consumer pediatric telehealth platform for hospital and health systems.
As part of the partnership, doctors from Cincinnati Children’s will lead the advisory team. The hospital team is set to advise on pediatric-specific workflows,...
Teladoc Health has announced another acquisition that will bolster its growing international line of business. The US virtual care company will acquire Paris, France-based MédecinDirect, which provides confidential medical consultations via phone and internet.
The terms of the acquisition were not disclosed, but Teladoc said “the acquisition will be immaterial to Teladoc Health’s financial...
Blue Shield of California has tapped Teladoc to assist with a $2 million relief effort for Paradise, California, the small town that was ravaged last year by fires.
The fire destroyed the largest clinic of Paradise Medical Group, one of the town’s major hospitals.
Blue Shield has helped the hospital in a number of ways, including assisting with its relocation to a new space in Chico, California....
Teladoc Health has big plans going into 2019. From a business perspective, the telemedicine company anticipates becoming cash-flow positive this year, CEO Jason Gorevic said on a recent earnings call. And from an operations perspective, the company plans to pursue a "virtual first" strategy over the next year.
Topline
In the full year 2018, Teladoc increased revenue 79 percent from $233 million...
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