Teladoc Health

Homeward's Amar Kendale, former chief product officer at Livongo and Teladoc, discusses how the industry must combine technology and new care models to improve access and make value-based payment successful.

Panelists at ViVE 2023 discussed the future of preventive medicine as retail chains and virtual care players push into the space and more patients avoid primary care altogether.

In a proposed order, the online therapy company would also pay $7.8 million for allegedly sharing consumer data with third parties like Facebook and Snapchat for advertising purposes.

The loss included $13.4 billion in noncash goodwill impairment charges related to the virtual care company's Livongo acquisition.

The layoffs make up about 6% of the virtual care giant's non-clinician workforce.

The virtual care giant reported revenue of $611.4 million, a 17% year-over-year increase, and a net loss of $73.5 million in the third quarter.

The company reported a $3 billion noncash goodwill impairment charge during Q2. Revenue increased 18% year-over-year to $592.4 million.

The new services come through partnerships with digital pharmacy Capsule and specimen-collection company Scarlet Health.

The suit claims Teladoc, CEO Jason Gorevic and CFO Mala Murthy made misleading statements or failed to disclose that increased competition was affecting its BetterHelp mental health segment and its chronic care business.

The virtual care giant reported a $6.7 billion loss in the first quarter, driven by a non-cash goodwill impairment charge related to its 2020 Livongo deal.