Teladoc reported a strong second quarter, coming off its acquisition of Advance Medical. The company reported $94.6 million in revenue, with $6.2 million of that coming from Advance. That constitutes 112 percent year-over—year growth for the telemedicine company. The company saw 533,000 total visits in the quarter and 22.5 million paid US members.
“We’re now 60 days into the integration of...
With hundreds of digital vendors to chose from, figuring out the best way to provide quality care and wellness platforms to employees can be a difficult task for employers. Some companies are looking towards the most cutting edge apps, while others are seeking more traditional routes like implementing a telemedicine program. But as more companies dip their toes into the digital waters employers...
Key Benefit Administrators (KBA), an Illinois-based administrator of self-funded employee welfare benefit plans for enterprises, has brought a lawsuit against Teladoc alleging a breach in obligations, pecuniary loss, defamation, and tortious interference all stemming from $450,000 in overcharges.
In a statement to MobiHealthNews, Teladoc said that it was “optimistic” that this dispute could be...
With its eyes set on a global reach, telehealth giant Teladoc announced that it was acquiring fellow virtual care platform Advance Medical for $352 million this morning. The acquisition is expected to help Teladoc expand its clinical services internationally, specifically to multinational employers, and cater to patients in more languages.
“[Teladoc provides] a full suite of services—everything...
Correction: A previous version of this arcticle misstated the location of company. This story has also been updated with additional information.
This morning Purchase, New York-based telehealth giant Teladoc announced that it is acquiring Advance Medical, a company that specializes in virtual care, for $352 million.
The move is expected to help Teladoc grow its global market into Latin America...
Telemedicine technology has been improving steadily over the past several years, and as the tech gets better, so does its reputation.
Much of telemedicine's appeal lies in accessibility. The lack of access to care through telemedicine negatively affects patient engagement and follow-through, according to new research from telehealth provider Teladoc. Treating mental health, in particular,...
Amidst big gains in total revenue, memberships, and user engagement, Q1 2018 earnings reported by Teladoc show that the telemedicine company is still a long way from turning a profit.
But while this quarter’s reported net loss of $23.9 million is a noticeable increase over the $15.7 million of the same time last year, CEO Jason Gorevic said during an investor call that the company is still on...
Just about everyone agrees in the basic vision for telemedicine: When a person gets sick, instead of jumping in the car to drive to a doctor’s office or urgent care center, they can pick up a phone or tablet instead, and get in touch right away with a doctor.
But when it comes to which doctor should be on the end of that call — and who should be facilitating that connection — healthcare...
On its fourth quarter earnings call, Teladoc reported increases in total visits, utilization, and revenues, but also in net loss. CEO Jason Gorevic was optimistic, pointing to positive developments in Washington and the success of the platform during this year's worse-than-normal flu service.
Teladoc’s full-year revenue for 2017 was $77 million, a 106 percent increase from 2016. Net loss, however...
As the calendar turns to February, the beleaguered US healthcare system continues to battle an influenza season considered by Centers for Disease Control and Surveillance officials to be among the worst of this decade.
According to the public health agency’s most recent numbers, which include all cases of the disease reported to the CDC by January 20, this year’s flu season has seen a total of 11...
