Welcome to our dedicated page for Teladoc Health news (Ticker: TDOC), a resource for investors and traders seeking the latest updates and insights on Teladoc Health stock.
Teladoc Health, Inc. (NYSE: TDOC) is a global leader in whole-person virtual care, pioneering the transformation of the healthcare experience through its innovative telehealth platform. The company offers on-demand healthcare services via mobile devices, the internet, video, and phone, ensuring accessible and personalized medical care for everyone, everywhere.
Founded with a vision to empower individuals to live their healthiest lives, Teladoc Health utilizes proprietary health signals and data-driven insights to deliver superior health outcomes across the full continuum of care. This approach spans every stage of a person's health journey, from preventive care to chronic condition management.
The company operates primarily in two segments: Health Integrated Care and BetterHelp. The Health Integrated Care segment focuses on providing comprehensive healthcare services, while BetterHelp offers tailored mental health support. Revenue is generated predominantly through access fees on a subscription basis, complemented by visit fees and equipment rental and sales to hospital systems.
Teladoc Health has forged strategic partnerships with employers, health plans, and health systems, extending its network to millions of members globally. The company has also broadened its reach by marketing directly to consumers and continuously expanding its service offerings.
In recent years, Teladoc Health has been recognized for its excellence, including being ranked best in KLAS for Virtual Care Platforms in 2020. The company's robust financial performance is highlighted by an 8% revenue growth to $2,602.4 million in 2023 and a significant rise in adjusted EBITDA by 33% to $328.1 million. The company continues to innovate with integrated app experiences and provider-based chronic condition management, setting itself apart in the marketplace.
Noteworthy recent achievements include a new Comprehensive Weight Management solution designed to combat obesity-related health issues through a holistic approach that integrates medical, wellness, and technological support.
With a steadfast commitment to delivering world-class healthcare and expanding its offerings, Teladoc Health remains a pivotal player in the virtual care landscape, driving better health outcomes and improved quality of life for its users worldwide.
Teladoc Health has launched a new comprehensive digital application to provide a fully integrated health care experience, offering seamless access to primary care, mental health, and chronic condition management. The app will support both English and Spanish speakers, catering to the 40 million Spanish speakers in the U.S. The company has expanded its network with over 100 Spanish-speaking providers, showing early positive impacts on user satisfaction. The integrated experience emphasizes comprehensive care by addressing physical, mental, and socioeconomic needs.
Teladoc Health (NYSE: TDOC) will have CEO Jason Gorevic and CFO Mala Murthy participate in the 41st Annual J.P. Morgan Healthcare Conference in San Francisco on January 9, 2023. The event will feature a live audio webcast and a replay of their presentation, enhancing accessibility for stakeholders. Teladoc Health is recognized as a leader in whole-person virtual care, focusing on transforming the healthcare experience by using proprietary health signals and personalized interactions to improve outcomes across all health stages.
Teladoc Health (NYSE: TDOC) will have CEO Jason Gorevic and CFO Mala Murthy participate in the Piper Sandler 34th Annual Healthcare Conference in New York on November 30, 2022. This prominent event will showcase Teladoc's leadership in whole-person virtual care. A live audio webcast and replay of their presentation will be accessible through Teladoc's investor relations website. As a leader in virtual healthcare, Teladoc Health focuses on improving health outcomes using innovative technology and data-driven insights.
Teladoc Health (TDOC) announced a milestone of surpassing 50 million visits delivered through its global network of clinicians. This achievement highlights the company's significant impact on health access over its 20-year history. Key growth metrics include a 4x increase in primary care visits year-to-date and a 30% rise in nutrition consultations. Additionally, 34% of patients in chronic condition management are utilizing multiple programs. The company has gained recognition in 2022, being named among America's Most Trusted Companies by Newsweek.
Teladoc Health reported a 17% year-over-year revenue increase to $611.4 million for Q3 2022 and a net loss of $73.5 million or $0.45 per share. Adjusted EBITDA fell 24% to $51.2 million. The company's cash flow from operations for the quarter was $63.0 million. U.S. revenues grew 17% while international revenues matched this growth. Despite the revenue growth, stock-based compensation and amortization charges contributed heavily to the net loss. For Q4, Teladoc expects revenue of $625 - $640 million.
Teladoc Health (NYSE: TDOC) has appointed Laizer Kornwasser as President of Enterprise Growth and Global Markets, effective October 24, 2022. Kornwasser will focus on enhancing revenue and profit from the company's whole-person care strategy across various client channels, including US Group Health and BetterHelp. With over 20 years in healthcare, he previously led CareCentrix and held positions at Medco. CEO Jason Gorevic highlighted Kornwasser's expertise in driving growth and managing teams as vital for strengthening Teladoc's market position.
Teladoc Health (NYSE: TDOC) will announce its third quarter 2022 financial results on October 26, 2022, after market close. A conference call will follow at 4:30 p.m. E.T. where executives will discuss the results. The call can be accessed by U.S. participants at 1-844-200-6205 or internationally at 1-929-526-1599, using access code #270257. A live audio webcast will also be available. Teladoc Health is known for its innovative virtual care solutions aimed at improving health outcomes.
Teladoc Health (TDOC) is offering free, 24/7 telehealth services to Florida residents affected by Hurricane Ian. Those displaced can access care for non-emergency conditions by calling 855-225-5032. Dr. Vidya Raman-Tangella emphasized the importance of prioritizing health during such crises. This initiative is part of Teladoc's long-standing commitment to provide virtual care during federally declared disasters. Over the past five years, the company has responded to various natural disasters, ensuring community access to healthcare services and necessary prescriptions.
Teladoc Health (NYSE: TDOC) announced free 24/7 telehealth visits for Florida residents impacted by Hurricane Ian. Those displaced can access licensed healthcare professionals for non-emergency illnesses by calling 855-225-5032. Chief Medical Officer Dr. Vidya Raman-Tangella emphasized the importance of health during such disasters, noting that virtual care is crucial for community wellbeing. Teladoc has a history of providing disaster support, aiding thousands during various natural emergencies across the U.S., ensuring access to necessary care and prescriptions.
Teladoc Health (TDOC) has launched an at-home A1C testing program as part of its Livongo chronic care solution, enabling members to better manage diabetes. The service, provided by LetsGetChecked, allows for convenient self-testing and aims to close care gaps. Notably, 58% of members opted for the service, which boasts a significantly higher return rate than alternatives. Furthermore, 87% of users reported controlled A1C levels under 8%, compared to a 54% average in commercial health plans. This initiative enhances access to care and improves health outcomes, aligning with Teladoc's commitment to whole-person health.
FAQ
What is the current stock price of Teladoc Health (TDOC)?
What is the market cap of Teladoc Health (TDOC)?
What services does Teladoc Health provide?
What are the main revenue sources for Teladoc Health?
What segments does Teladoc Health operate in?
Who are Teladoc Health’s partners?
How does Teladoc Health use technology to improve healthcare?
What recent innovations has Teladoc Health introduced?
What are Teladoc Health's latest financial highlights?
How does Teladoc Health support weight management?
What is Teladoc Health's mission?
Where can I find more information about Teladoc Health?
