June 30, 2016
Lewisville, Texas-based telemedicine company Teladoc has announced plans to acquire Scottsdale, Arizona-based employee health benefits app-maker HealthiestYou for $125 million in a mix of cash and stock.
HealthiestYou, which raised $30 million from Frontier Capital in November, provided employees with an app to access a location-aware provider directory to read reviews, ratings and background...
June 15, 2016
It's looking more and more like the path to victory in the major turf wars of digital health will not be through patent litigation.
Earlier this week, a Massachusetts federal judge Indira Talwani ruled that American Well's telehealth patents, which the company had sued Teladoc for allegedly infringing, were unenforceably broad. She cited the same Supreme Court precedent, Alice v. CLS Bank, that...
June 9, 2016
Even as the legal battle between the Texas State Medical Board and Teladoc soldiers on, many of the involved parties in the state appear interested in putting the conflict behind them and moving on.
The Texas Tribune is reporting that lobbyists for groups affiliated with both telemedicine companies and physician organizations recently met in a closed-door session to discuss "modernizing our...
May 18, 2016
Teladoc plans to launch its first chronic condition management program by the end of the year, CEO Jason Gorevic revealed at a session toward the end of the American Telemedicine Association convention in Minneapolis.
“We’re still in the final stages of deciding whether it’s going to be cardiovascular disease or diabetes,” he said. “It’s a tremendous opportunity for more longitudinal care....
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...
April 11, 2016
Telehealth company Teladoc announced that the company completed 240,000 telemedicine visits during the first quarter of the year, up 61 percent from 149,000 visits during the same period last year.
Teladoc announced in its recent 2015 earnings call that, in total, physicians performed more than 575,000 visits with customers last year. Teladoc ended 2015 with $77.4 million in revenue, up 78...
March 3, 2016
Teladoc ended 2015 with $77.4 million in revenue, up 78 percent year-over-year from $43.5 million in 2014, the company’s CEO Jason Gorevic said on Teladoc’s year end earnings call. Revenue came from two sources: subscription access fees brought in $63.3 million and visit fees brought in $14.1 million.
Last year, Teledoc facilitated about 576,000 telehealth visits, up from 299,000 in 2014. And the...
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...
January 11, 2016
Teladoc CEO Jason Gorevic took the stage at the JP Morgan Annual Healthcare Conference in San Francisco this morning to share some preliminary metrics around his company's financial performance last year. Gorevic also announced a few new big name Teladoc customers and shared a slide that included Teladoc's estimates for how well their competitors are doing.
Gorevic said that Teladoc's revenues...
December 15, 2015
The judge in the case of Teladoc versus the Texas Medical Board has denied the board’s motion to dismiss the suit, responding to each of three claims that the suit was invalid, originally made in September. In the process, Judge Robert Pitman settled the issue of “active supervision”, a highly salient point in the case.
In April, Teladoc sued the Texas Medical Board, alleging that a 2010 rule...