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 (TDOC) is offering free, 24/7 telehealth services to residents and first responders affected by recent tornadoes in Kentucky. This allows individuals impacted by the disaster to access licensed healthcare professionals for non-emergency illnesses, including respiratory issues and cold symptoms, without any cost. The service also supports COVID-19 screening. Earlier, similar services were provided to those impacted by Hurricane Ida and winter storms in the southern U.S. For further details, visit the disaster hotline on Teladoc's website.
Teladoc Health (NYSE: TDOC) has announced its upcoming Investor Day scheduled for November 18, 2021, featuring insights from senior management, including CEO Jason Gorevic and CFO Mala Murthy. The event will focus on the rapid growth of the healthcare industry and Teladoc's strategic vision. Interested parties can access the event through a live audio webcast at Teladoc's Investor Relations page. A replay will be available for approximately 90 days following the event.
Teladoc Health (TDOC) reported an impressive 81% year-over-year revenue growth to $522 million for Q3 2021. Total visits reached 3.9 million, up 37% compared to Q3 2020. The company updated its 2021 revenue outlook to $2,015 million - $2,025 million. Significant partnerships with CVS Health and Centene were established, enhancing care access. However, a net loss of $(84.3 million) was reported, increasing from $(35.9 million) in the prior year. Despite the losses, Teladoc maintains confidence in continued growth and innovation moving forward.
Teladoc Health (NYSE: TDOC) will announce its third-quarter 2021 results on October 27, 2021, post-market close. A conference call for discussing the results will take place at 4:30 p.m. E.T. the same day. Participants can join via phone or a live audio webcast. A recording of the call will be available for 90 days afterward. Teladoc is recognized as a leader in whole-person virtual care and has received notable rankings for its telehealth services.
Teladoc Health has launched its Primary360 primary care service, targeting commercial health plans and employers across the U.S. This initiative addresses healthcare access issues, with two-thirds of new members lacking regular primary care. Early results indicate that 25% of Primary360 members have received new diagnoses of chronic conditions like diabetes and hypertension. The service enhances connectivity to various healthcare services, with over 50% of members utilizing additional offerings. Fortune 1000 employers are already engaged, with more expected to launch in 2022.
Quantum Health announces Zane Burke as the new CEO, succeeding founder Kara Trott, who remains as Chairman. Burke, previously CEO of Livongo Health, brings proven experience in scaling SaaS and enterprise software healthcare companies. Under his leadership, Livongo underwent a significant IPO and merged with Teladoc for $18.5 billion, creating a virtual care giant. Quantum Health is recognized for its effective healthcare navigation model, aiming to enhance member value and expand into new markets. The company, founded in 1999, has received multiple awards for its innovative consumer-first approach.
Teladoc Health (TDOC) offers free 24/7 telehealth visits to residents and first responders affected by Hurricane Ida in Louisiana and Mississippi. This initiative aims to ensure that displaced individuals can access medical care for non-emergency illnesses during this time of crisis.
Dr. Bimal Shah, Teladoc's chief medical officer, emphasized the importance of virtual care in supporting community health amidst the hurricane's impact. The service covers common conditions and COVID-19 screenings. Teladoc previously extended similar services to areas affected by forest fires and Tropical Storm Henri.
Teladoc Health (NYSE: TDOC) announced that COO David Sides and CFO Mala Murthy will speak at the Canaccord Genuity Growth Conference on August 11, 2021, at 1:00 p.m. ET. A live audio webcast of their presentation will be accessible, along with a replay, on the company's investor relations website. Teladoc Health is a leader in whole-person virtual care, aiming to enhance health outcomes through personalized interactions. The company was recognized as the best in KLAS for Virtual Care Platforms in 2020, reflecting its strong commitment to innovative healthcare solutions.
Teladoc Health reported a strong second quarter, with revenue reaching $503 million, a 109% year-over-year increase. Visits topped 3.5 million, marking a 28% increase from Q2 2020. The company also secured a significant agreement with HCSC for chronic care solutions and launched myStrength Complete for integrated mental health support. However, net loss for Q2 was $(133.8) million, increasing from $(25.7) million in Q2 2020. The updated revenue outlook for 2021 is between $2,000 million and $2,025 million.
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