June 4, 2018
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...
June 4, 2018
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...
May 14, 2018
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,...
May 3, 2018
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...
March 23, 2018
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...
March 5, 2018
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...
February 2, 2018
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...
December 4, 2017
When Texas passed its telemedicine law in May, Teladoc told MobiHealthNews that the passage of the law would functionally end the long lawsuit between Teladoc and the Texas State Medical Board. Last week that became official, as the telemedicine company officially announced the end of the suit.
"Effective today, Teladoc has voluntarily dismissed the longstanding lawsuit in Texas," the company...
October 12, 2017
Updated with new information and a statement from Teladoc.
Dr. Lewis Levy, the Chief Medical Officer at recent Teladoc acquisition Best Doctors, has stepped into the Teladoc CMO role. Former Chief Medical Officer Dr. Henry DePhillips has left the company to become SVP and Chief Medical Officer at Cedar Gate Technologies, which makes healthcare performance analytics tools for value-based care....
October 3, 2017
Today at Health 2.0, Teladoc rolled out the first tangible fruits of its acquisition of Best Doctors: a new mobile app for clients of both services.
"For over 20 million people today, Teladoc [delivers] healthcare that drives better convenience, better value, and better outcomes," Nita Stella, vice president of product strategy, said during a demo of the new app at the conference. "Now with our...