Q4 earnings call
Outside of the claims, One Medical’s financial results for both the fourth quarter and full year of 2020 improved year-over-year.
Although it's still operating in the red, the digital chronic disease management company logged 149% revenue growth in 2019.
During its latest earnings call, the remote care company highlighted its new offerings for enterprise customers and discussed how it's been preparing for an increase in infectious disease cases.
CEO Jason Gorevic also discussed the rising popularity of Teladoc's app over its call center.
The company anticipates some earnings losses and a gross margin contraction in the earlier part of 2019, but hopes its health business will exceed $100 million before the end of the year.
The CGM giant also redrafted its agreement with Verily, whose tech will now be incorporated into their core product line.
On its fourth quarter earnings call, Teladoc reported increases in total visits, utilization, and revenues, but also in net loss.