On Tuesday, telehealth provider Teladoc, released earnings for its third quarter ended September 30, 2015. Here are ten things to know:
1. Total revenue was $20.0 million, an increase of 83%. Revenue from subscription access fees and visit fees was $17.0 million and $3.0 million, respectively, an increase of 78% and 122%, respectively.
2. Total membership was 12.6 million, compared to 8.1 million, an increase of 56%.
3. Total visits were 117,213, compared to 61,929, an increase of
Read More
Technology
Wellcentive Named 2015 “Emerging Company of the Year”
Atlanta-based population health solution provider Wellcentive, has been announced as winner of the Health IT Leadership Summit's annual Phoenix Awards for the category of "Emerging Company of the Year." Presented annually by Metro Atlanta Chamber in conjunction with the Health IT Leadership Summit, the Phoenix Awards recognize individuals and companies that have made an outstanding contribution to the growth of the HIT industry in Georgia.
Founded in 2005 by Paul Taylor, M.D., a practicing
Read More
Telehealth Provider American Well Appoints its First Chief Medical Officer
Telehealth provider American Well, has announced the appointment of Peter Antall, MD, as its first Chief Medical Officer. Under his leadership, Dr. Peter Antall will help guide the company's growing roster of healthcare partners as they integrate telehealth visits into care delivery.
American Well connects doctors and patients for immediate online visits. The company's full-service telehealth platform includes smartphone, traditional phone, web, and kiosk-based care delivery. American Well
Read More
Report: Population Health Management Has Yet to Reach Critical Mass
69% of healthcare leaders say that they are either fully committed to or have a pilot program underway for population health management, according to new HealthLeaders Media report. The report, Population Health: Investing in a Risk-Based Future, sponsored by McKesson includes data from a survey of HealthLeaders Media’s 8,000-plus member executive research panel.
While on the surface it appears that providers are fully engaged in population health initiatives, one of the key indicators is the
Read More
Teladoc Reaches 1 Millionth Telehealth Visit Milestone
On-demand telehealth platform Teladoc has crossed an industry milestone this week with the completion of its 1 millionth telehealth visit. Each telehealth visit reflects an interaction between a board-certified, state-licensed physician and a patient in need of health care via video, phone or online.
To date, more than 12.5 million U.S. members are connected to Teladoc’s network of over 2,000 board-certified, state-licensed physicians and behavioral health professionals who provide care for
Read More
American Well Powers Telehealth Visits to 29 Blue Cross Blue Shield Plans
Telehealth services provider American Well, today announced it is the telemedicine partner of choice for 29 Blue Cross and Blue Shield health plans in more than half of the United States. Beginning 1/1/16, 29 independent Blue Cross and Blue Shield plans rely on American Well to deliver care to members across 26 states. Through its app, Amwell health plans can give members a benefit they want, while reducing medical costs for key employer accounts.
"Modern technology like web and mobile lets us
Read More
3 Population Health Management Myths & Realities for Providers
Population health management requires a huge amount of effort and work, operating at scale, to drive results: calling patients to get them in for care, pre-registering and pre-certifying them before their appointments, ensuring optimal scheduling and referral patterns among physicians, and so on. Therefore, executives and administrators should seek partners that integrate services with technology—in short, partners able to deliver not just reports but measurable results. Working with these
Read More
Report: System Integration Key to Global Telehealth Success
Telehealth technologies are advancing quickly, but their ability to improve access to healthcare depends on a wide range of enabling factors, including communications infrastructure, skills, regulation and culture, according to new report by the Economist Intelligence Unit. The report finds that global telehealth success is largely dependent upon system integration to ensure that new telehealth systems work seamlessly with those already in place, to avoid medical specialties having ‘one-off’
Read More
Geisinger Health System to Utilize Cerner’s HealtheIntent PHM Platform
Geisinger Health System has announced it will collaborate with Cerner to use Cerner'sHealtheIntent℠ population health management platform to further extend Geisinger's data-driven population health capabilities. In a proof-of-concept project, Geisinger leveraged HealtheIntent's system-agnostic platform that normalizes data from any source, to aggregate clinical and financial data from its core EHR and other sources, such as its insurance company.
Coming off the heels of the positive proof of
Read More
CareFirst BCBS to Award $3M in Telehealth Grants
CareFirst BlueCross BlueShield (CareFirst) plans to award up to $3 million in telehealth grants over the next three years to programs aimed at increasing patients' access to quality health care services through the use of telemedicine in Maryland, Northern Virginia and Washington, D.C.
In an effort to remove barriers to care and address existing health outcome disparities in its service area, CareFirst has issued a request for proposals from qualified nonprofit 501(c)3 organizations, or
Read More
