Teladoc
Teladoc reported a strong second quarter, coming off its acquisition of Advance Medical.
With hundreds of digital vendors to chose from, figuring out the best way to provide quality care and wellness platforms to employees can be a difficult task for employers.
Key Benefit Administrators (KBA), an Illinois-based administrator of self-funded employee welfare benefit plans for enterprises, has brought a lawsuit against Teladoc alleging a breach in obligations, pecuniary loss, defamation, and tortious interference all stemming from $450,000 in overcharges.
With its eyes set on a global reach, telehealth giant Teladoc announced that it was acquiring fellow virtual care platform Advance Medical for $352 million this morning.
Correction: A previous version of this arcticle misstated the location of company.
Telemedicine technology has been improving steadily over the past several years, and as the tech gets better, so does its reputation.
Amidst big gains in total revenue, memberships, and user engagement, Q1 2018 earnings reported by Teladoc show that the telemedicine company is still a long way from turning a profit.
Just about everyone agrees in the basic vision for telemedicine: When a person gets sick, instead of jumping in the car to drive to a doctor’s office or urgent care center, they can pick up a phone or tablet instead, and get in touch right away with a doctor.
On its fourth quarter earnings call, Teladoc reported increases in total visits, utilization, and revenues, but also in net loss.
As the calendar turns to February, the beleaguered US healthcare system continues to battle an influenza season considered by Centers for Disease Control and Surveillance officials to be among the worst of this decade.