May 11, 2016
Teladoc reported a strong first quarter, driven by both strong sales on the company's part and some favorable regulatory shifts and legal rulings.
During the quarter, Teladoc pulled in $26.9 million in revenue, up 63 percent from Q1 2015. Of that total, $20.7 million was from subscription fees and $6.2 million was from visit fees. This year visit fees are made up a larger piece of the pie than...
May 9, 2016
Doctor On Demand has hired Hill Ferguson, a former PayPal senior executive, as the company’s CEO. Ferguson will replace Doctor On Demand’s current CEO Adam Jackson. According to the press release, Jackson and the Doctor on Demand board decided the company needed a CEO with a different set of skills to grow its enterprise and direct to consumer businesses.
“Over the last three and a half years,...
April 5, 2016
A study of eight leading telemedicine companies shows that, for a number of common conditions, remote video and telephone visits are equally accurate, both are more accurate than webchat, and accuracy of diagnoses and adherence to best practices for in-person care varied greatly from company to company.
In the study, published in the Journal of the American Medical Association, UCSF-affiliated...
February 4, 2016
Teladoc, a video visits company, has hired Stephany Verstraete as its chief marketing officer. Before working at Teladoc, Verstraete worked in marketing for Truveris, as their CMO. She's held past marketing positions at Kraft, Frito Lay, Hostess, Match.com, and Expedia. Teladoc CEO Jason Gorevic said in a statement that Teladoc most valued Verstraete’s experience building brands and working in...
February 2, 2016
Doctor on Demand has announced that its Chief Medical Officer, Dr. Pat Basu, has left the company and will be replaced with the company’s medical director, Dr. Ian Tong.
The company also announced that it signed its 400th employer customer and will begin offering psychiatric video visits nationwide starting today. Doctor on Demand has offered mental health via psychologist video visits since...
December 10, 2015
The CVS MinuteClinic will roll out new mobile app features in 2016, MinuteClinic President Dr. Andrew Sussman announced this morning at the MassTLC Healthcare Conference. A feature currently being piloted in Washington, D.C. will allow users to see wait times for various MinuteClinic locations and to sign up remotely for an appointment. They'll then receive a notification 30 minutes before a...
November 3, 2015
On it's third quarter earnings call, Teladoc announced continued growth and a number of new customers, but also stopped to address what appears to be growing investor unrest about the per member per month (PMPM) payment model, likely inspired by competitor Doctor on Demand. They also reminded investors of a previously announced increase to visit fees, the first in three years. The increasing will...
October 26, 2015
Following up on their report on consumerism in healthcare, Rock Health Managing Director Malay Gandhi sat down with a few entrepreneurs that are trying to make direct-to-consumer business models in healthcare work. They grappled with the question of whether an increase of patients engaging with their health really translates to viability for direct-to-consumer healthcare companies.
October 8, 2015
About a year into offering remote doctor visit services to employees, one of the most surprising findings that Jon Kipp, executive director of strategic health initiatives and services at Comcast NBCUniversal, pulled out of his data was that employees were using the service during business hours, when a doctor's office is open.
He and Andy Rosa, director of benefits and workforce health at...
October 8, 2015
Even as Teladoc and American Well fight out their legal battle over patents, the two companies continue to duke it out in the marketplace as well, as does another challenger, Doctor on Demand. On Friday a Deutsche Bank analyst broke the news in a research note that Highmark, a health insurer in Western Pennsylvania, chose not renew contracts that represented $1.5 million in...