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 pioneering voice-activated general medical virtual care service in collaboration with Amazon Alexa. This innovative feature allows U.S. customers to connect with Teladoc care providers 24/7 using supported Echo devices. Users can initiate a consultation by saying, 'Alexa, I want to talk to a doctor.' Initial consultations will be audio-only, with video visits planned for the future. Costs can be as low as $0 with insurance, or $75 without. This partnership aims to enhance healthcare accessibility and convenience for consumers.
Teladoc Health (TDOC) reported a robust fourth quarter revenue increase of 45% year-over-year, reaching $554.2 million. The total visits surged 41% to 4.4 million. For the full year, revenue grew 86% to $2.03 billion with cash flows from operations at $194 million. The company projects 2022 revenue of $2.55 to $2.65 billion, indicating a growth rate of 25% to 30%. Despite a net loss of $11 million in Q4, the adjusted EBITDA rose 53% to $77.1 million.
Teladoc Health (NYSE: TDOC) published its annual corporate social responsibility (CSR) report, highlighting its commitment to community service amidst ongoing global challenges. In 2021, approximately 53% of new U.S. hires identified as racial minorities, with a target to increase leadership diversity by 10% in 2022. The company aims to enhance health equity by improving access to culturally aware healthcare. Teladoc also offered free support to communities affected by climate change and exceeded its goal of 10,000 volunteer hours in 2021. The full report is available on their website.
Teladoc Health (NYSE: TDOC), a leader in whole-person virtual care, announced CEO Jason Gorevic and CFO Mala Murthy will attend the Citi Healthcare Conference on February 24, 2022, and the Cowen Healthcare Conference on March 9, 2022. A live audio webcast and replay will be available on their official investor relations site.
Ranked best in KLAS for Virtual Care Platforms in 2021, Teladoc aims to transform healthcare experiences through personalized interactions and proprietary health signals.
Teladoc Health has launched Chronic Care Complete, a comprehensive chronic condition management solution aimed at improving health outcomes for individuals living with multiple chronic conditions. The program offers a unified experience combining health monitoring devices, coaching, and support from healthcare professionals, specifically targeting pre-diabetes, diabetes, hypertension, and mental health. Leveraging insights from the 2020 merger with Livongo, this initiative highlights Teladoc's commitment to whole-person care. Chronic Care Complete will be accessible through health plans or employers.
Big Health announces Gabriela Perez as its new Chief Commercial Officer to lead global commercial growth and strategy. With over 20 years of experience in healthcare technology, Perez previously managed significant growth at Ovia Health, which was acquired by Labcorp (NYSE: LH) in August 2021. She also contributed to Best Doctors, acquired by Teladoc Health (NYSE: TDOC) in June 2017. Under her leadership, Big Health aims to enhance coverage and reimbursement for digital therapeutics, leveraging its innovative products proven effective in mental health treatment.
Teladoc Health (NYSE: TDOC) will announce its fourth quarter and full year 2021 results on February 22, 2022, post-market close. A conference call for discussing the results will follow at 4:30 p.m. E.T. The call can be accessed by dialing 1-844-200-6205 for U.S. participants or 1-929-526-1599 internationally, using conference ID #335463. It will also be available via a live audio webcast. An on-demand replay will be accessible shortly after the call for about 90 days.
Teladoc Health, a leader in whole-person virtual care, announced that CEO Jason Gorevic and CFO Mala Murthy will participate in the J.P. Morgan Healthcare Conference on January 10, 2022, at 9:00 a.m. ET. A live audio webcast of their presentation will be available on their investor relations website. Teladoc Health is known for its innovative healthcare solutions, recognized as the best in Virtual Care Platforms by KLAS in 2020 and ranked #1 in telehealth satisfaction according to J.D. Power in 2021. For more details, visit teladochealth.com.
Teladoc Health has expanded its partnership with the National Labor Alliance (NLA) to provide a comprehensive suite of virtual healthcare services to its six million members across the U.S. This partnership builds on an existing relationship that began in 2016. The services include general medical, mental health, expert medical services, and chronic condition management. The goal is to improve healthcare outcomes while reducing costs, especially for labor members who often face difficulties accessing medical care. The partnership underscores Teladoc's commitment to whole-person virtual care.
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