Teladoc completed 240,000 remote visits between January and March

By Aditi Pai
12:05 pm
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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 percent year-over-year from $43.5 million in 2014. Revenue came from two sources: subscription access fees brought in $63.3 million and visit fees brought in $14.1 million.

Teladoc also added 870 new clients in January. About 40 of these were Fortune 500 companies, including Dell, Monsanto, Sherwin-Williams, Panasonic, DuPont, and Kohl’s. Financial data for Q1 2016 is still forthcoming.

“Our utilization trends are a byproduct of our PMPM model, our strong consumer analytics, and our proven track record of engaging members,” Teladoc CEO Jason Gorevic said at the time. “Much has been debated about the merits and viability of the PMPM model, and we believe these results validate two things: one, the PMPM model works, and two, Teladoc's engagement campaigns are highly effective.”

In January, Teladoc 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.

Later that month, the Mississippi Insurance Department selected Teladoc to provide its remote visit services to the 13,000 Mississippi Volunteer Firefighters and their dependents. And in February, East Jefferson General Hospital signed with Teladoc to offer remote visits to New Orleans-area residents.

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