New York-based virtual care company Teladoc Health reported its 2024 full-year revenue and Q4 2024 financial results, noting a 1% decrease year-over-year in 2024 revenue at $2.569 billion, compared to $2.6 billion in 2023.
The company reported a 3% decrease in Q4 2024 revenue at $640 million from Q4 2023 revenue of $660.5 million.
Teladoc's net loss was $1 billion in 2024, compared to $220...
In recent months, the Singaporean government has cracked down on erring providers of telemedicine in the country. It was revealed at the start of the year that eight providers were being investigated for improper practice and false advertising – and one already had its license to offer outpatient services revoked.
Amid this growing scrutiny, telehealth company ORA launched what could be...
Practice Better, a practice management platform for health and wellness practitioners, announced it raised $13 million in growth capital funded by CIBC Innovation Banking.
The funding comes one year after Practice Better scored a $27 million growth investment led by Five Elms Capital.
WHAT IT DOES
Practice Better provides a suite of tools that integrate scheduling, telehealth, client engagement...
The J.D. Power 2024 U.S. Telehealth Satisfaction Study released on Thursday shows a slight decrease, down 1% from last year, in patient satisfaction with direct-to-consumer telehealth providers and a substantial increase, up 18%, in satisfaction with payer-provided telehealth offerings.
The study, based on 4,070 healthcare consumers' responses within the past 12 months, measures patients'...
Venture Startups International, an Australian startup operating under the name Updoc, has raised its first external capital. It received A$20 million ($13.2 million) in investment from ASX-listed capital investor Bailador.
WHAT IT DOES
Established in 2021, Updoc offers a range of telehealth services, including virtual consultations, online prescriptions, specialist referrals, pathology...
Virtual care company Teladoc may be facing another class action lawsuit filed on behalf of Teladoc investors who claim the company made false or misleading statements and failed to disclose that it continued to increase marketing spending, particularly regarding its mental health offering BetterHelp.
The lawsuit, Stary v. Teladoc Health, Inc. et al., was filed on May 17 in the U.S. District...
Telehealth and medical transportation company DocGo reported a data breach in an SEC filing on May 7. The company stated it identified a cybersecurity incident in which consumers' protected health information was accessed and acquired regarding the company's U.S. ambulance transportation business.
The company said it took steps to contain and respond to the incident, and no other business lines...
Virtual care company Teladoc reported $646.1 million in revenue in the first quarter of 2024, a 3% increase from $629.2 million in Q1 2023.
Its revenue from Teladoc Health Integrated Care increased to $377.1 million in Q1 2024, an 8% increase year-over-year, and BetterHelp revenue decreased 4% to $269 million.
The company posted an adjusted EBITDA of $63.1 million, a 20% year-over-year increase...
San Francisco-based AI-enabled ambient automation platform Augmedix announced it will be fully integrated into virtual care and communication organization Andor Health’s ThinkAndor platform.
AI-powered ThinkAndor enables virtual provider visits and patient monitoring and allows care teams to collaborate and gain insights from EMRs.
The partnership will enable physician notes to be created...
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...
