Jason Gorevic, CEO and board member of telehealth platform Teladoc Health, is stepping down after 15 years leading the company, and Mala Murthy, the company's chief financial officer, is stepping in as acting CEO.
Gorevic's departure, effective immediately, comes after the company's stock plummeted 22% in February. It missed fourth-quarter earnings estimates and projected 2024 revenue to be...
Teladoc Health stock rose Tuesday after the virtual care company reported a 10% increase in revenue year-over-year to $652.4 million from $592.4 million in the prior year.
For Teladoc Health's Integrated Care segment, revenue increased 5% year-over-year to $360.1 million, and for BetterHelp it increased 18% to $292.4 million in Q2 2023.
Revenue in the U.S. rose 8% to $561.8 million, while...
Telehealth platform Teladoc Health is expanding its collaboration with Microsoft to integrate the tech giant's AI solutions into its platform, allowing providers to automate clinical documentation creation during virtual exams.
The virtual care company will integrate Microsoft Azure OpenAI Service, Azure Cognitive Services, and conversational and ambient clinical documentation solution Nuance...
A federal judge dismissed a securities class-action lawsuit filed against virtual care company Teladoc Health pertaining to its $18.5 billion merger with chronic care company Livongo.
The complaint, originally filed by shareholder Jeremy Schneider in 2022 on behalf of parties that purchased Teladoc shares between Feb. 2021 and July 2022, alleged the virtual care company's representatives misled...
Chicago-based digital employee benefits platform HealthJoy is expanding its partnership with virtual care provider Teladoc Health to include virtual primary care services.
HealthJoy offers benefits navigation to employers as well as virtual services for chronic care management, dermatology, adult and adolescent mental health, musculoskeletal therapy, urgent care, nutrition and tobacco cessation...
Teladoc Health stock rose Wednesday night after the virtual care company posted a revenue boost and a narrower loss in the first quarter this year.
Teladoc reported revenue of $629.2 million, an 11% increase from $565.4 million in the first quarter of 2022.
Net loss was $69.2 million, or $0.42 per share, compared with $6.7 billion, or a loss of $41.58 per share, in Q1 last year. In 2022, Teladoc'...
We’re witnessing massive demographic and market shifts that will accelerate the race to value-based healthcare. Case in point: The Medicare Payment Advisory Commission (MedPAC) predicts that Medicare Advantage enrollment will soon eclipse traditional Medicare for the first time.
With more people becoming eligible for Medicare than ever before, our healthcare system is experiencing the broad shift...
As more patients avoid primary care while retail chains and virtual care players push into the space, panelists at ViVE 2023 discussed the future of preventive medicine and whether digital health could improve access.
Ali Parsa, CEO and founder of digital health firm Babylon, said more primary care options are a positive for the healthcare system. The problems are "too vast" for one group to...
The Federal Trade Commission has fined online therapy company BetterHelp $7.8 million for allegedly sharing consumer data with third parties like Facebook and Snapchat for advertising purposes.
The proposed order – the second recent action by the FTC regarding data sharing by a digital health company – would also ban BetterHelp from disclosing health data for advertising. The agency said this is...
Teladoc Health stock fell Thursday after the virtual care company reported a $13.7 billion net loss, or $84.60 per share, in 2022.
That compares with a net loss of $428.8 million, or $2.73 per share, in 2021. The figure included $13.4 billion in noncash goodwill impairment charges following Teladoc's 2020 acquisition of chronic-condition management company Livongo.
Teladoc posted revenue of $2....
