Teladoc Health, Inc. - TDOC STOCK NEWS

Teladoc Health offers free virtual medical visits to Hawaii residents affected by wildfires

Teladoc Health reports strong financial results for Q2 2023, with a 10% YoY revenue growth to $652.4 million and adjusted EBITDA of $72.2 million. Net loss was $65.2 million, or $0.40 per share.

Teladoc Health announces collaboration with Microsoft to integrate Azure OpenAI Service, Azure Cognitive Services, and Nuance Dragon Ambient eXperience into the Teladoc Health Solo platform. The integrated solutions will automate clinical documentation during virtual exams, reducing administrative burden and improving the quality of shared medical information.

Teladoc Health, Inc. will release its second quarter 2023 results on July 25, 2023, after the market closes. The company will host a conference call to review results at 4:30 p.m. E.T. on the same day. Access to the conference call can be obtained by dialing 1-833-470-1428 for U.S. participants and using the access code # 447516. International participants can find global dial-in numbers at https://www.netroadshow.com/events/global-numbers?confId=51877. A live audio webcast will also be available at https://ir.teladoc.com/news-and-events/events-and-presentations/. A replay of the call will be accessible via webcast at the same web link for approximately 90 days.

Teladoc Health (TDOC) reported first quarter 2023 revenue of $629.2 million, reflecting an 11% year-over-year growth. However, the company posted a net loss of $69.2 million or ($0.42) per share, compared to a substantial loss of $6.67 billion in Q1 2022, which was mainly due to a prior goodwill impairment. Adjusted EBITDA decreased by 3% to $52.8 million. The Integrated Care segment saw revenue growth of 5% to $350 million, while BetterHelp revenue surged 21% to $279.3 million. Looking ahead, Teladoc projects Q2 2023 revenue of $635 - $660 million and expects a full year 2023 revenue between $2.575 - $2.675 billion. The financial outlook indicates potential improvement despite ongoing losses.

Teladoc Health is expanding its Provider-Based Care to include weight management and prediabetes programs, addressing a significant health issue in the U.S., where 42% of adults are estimated to live with obesity and 1 in 3 have prediabetes. This initiative builds on its existing diabetes and hypertension solutions, offering personalized care plans and coaching through digital tools. The new service aims to optimize medications like GLP-1 agonists and SGLT2 inhibitors, ensuring comprehensive support for individuals managing cardiometabolic health risks. Launching in Q3 2023, the expansion exemplifies Teladoc's commitment to improving health outcomes through innovative, evidence-based solutions.

PURCHASE, NY, April 12, 2023 – Teladoc Health (NYSE: TDOC), a leader in virtual care, will report its first quarter 2023 results on April 26, 2023, after market close. Following the earnings announcement, a conference call is scheduled at 4:30 p.m. E.T. for an in-depth review of the results. Participants can join by calling 1-833-470-1428 (U.S.) or accessing the webcast online. A replay of the call will be available for 90 days post-event. Teladoc Health focuses on empowering healthcare access and improving outcomes through innovative virtual care solutions, backed by over a decade of expertise and high satisfaction rankings in telehealth services.

Teladoc Health (NYSE: TDOC) announced new clinical findings demonstrating the significant impact of whole-person virtual care on chronic condition management. A peer-reviewed study revealed that individuals enrolled in multiple programs, including diabetes, hypertension, and weight management, achieved enhanced clinical outcomes. Those engaging in multiple programs saw an average A1c reduction of 0.44% and a decrease in systolic blood pressure by 6.8 mmHg. This research emphasizes the effectiveness of integrated health solutions and supports the transition from standalone programs to multi-condition management, reinforcing the value of Teladoc's services for employers and health plans.

On March 25, 2023, Teladoc Health (NYSE: TDOC) announced it is offering free, 24/7 telehealth visits for Mississippi residents affected by recent tornadoes. This service is available for those displaced or unable to access medical care, allowing them to consult licensed healthcare professionals for non-emergency conditions. The initiative reflects Teladoc's commitment to community health during disasters, providing essential care and prescription authorizations as needed. The company's ongoing response to federally declared disasters ensures uninterrupted access to healthcare for non-emergency illnesses, supporting recovery efforts in affected areas.