Teladoc Health Inc Stock Price, News & Analysis

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.

Teladoc Health has partnered with Microsoft to integrate its Solo platform into Microsoft Teams, enhancing virtual healthcare access for clinicians and patients. This collaboration aims to streamline administrative processes and improve care delivery efficiency. By combining their technologies, both companies plan to create a seamless experience for healthcare providers, allowing for secure access to clinical data within the Teams environment. The initiative follows a surge in virtual care demand due to the COVID-19 pandemic, positioning Teladoc Health to better serve hospitals and health systems.