A brief summary of noteworthy news, health IT M&A activity, IPOs, and public company performance during the month of March.
Noteworthy News
Amazon, JP Morgan, Berkshire Names New Joint Venture Haven
Amazon, J.P. Morgan, and Berkshire Hathaway name joint venture Haven. In January 2018, the three founding companies announced plans to create this independent organization, now called Haven, which is free from profit-making incentives and constraints. Haven’s focus is the 1.2 million
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Teladoc | News, Analysis, Insights - HIT Consultant
Teladoc Acquires French Telemedicine Provider MédecinDirect to Expand Global Footprint
Virtual care provider Teladoc Health has acquired Paris, France-based telemedicine provider MédecinDirect to offer its full continuum of services to insurers and employers in Europe’s third largest market. Co-founded by François Lescure and Marc Guillemo in 2008, MédecinDirect’s accredited and mobile platform of medical expertise provides secure and completely confidential, doctors are committed to answering all medical questions by telephone and Internet seven days a week. MédecinDirect
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Teladoc Rolls Out Expanded Virtual Care Capabilities for Health Systems
Virtual care platform Teladoc Health, today announced new capabilities that enable health systems to deliver a broader spectrum of virtual care services and to streamline diagnostic testing orders. The new Clinical WorkScope and Diagnostic Testing capabilities are now available to all current and future users of the Teladoc Health SaaS-based licensed platform.Here is a look at Teladoc's expanded capabilities: - Clinical WorkScope – Enabling Unlimited Virtual Use Cases with Unprecedented
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Teladoc Launches Personalized Back Care Solution to Expand Portfolio of Offerings
Today Teladoc Health announced the U.S. launch of Teladoc Back Care – a personalized, online back pain treatment program to reduce the intensity, frustration, and impact of back pain. This new service adds to Teladoc Health’s broadening array of services, ranging from cold and flu to complex conditions like behavioral health, and even cancer.With back pain estimated to be the third-highest medical cost driver in the U.S. at $87 billion, this service is expected to have a tremendous impact on
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Teladoc Health, USC Launch 5-Year Virtual Care Prescribing Study
Virtual care provider Teladoc Health is teaming up the University of Southern California (USC) Schaeffer Center for Health Policy & Economics and Northwestern University, to launch a large-scale study to assess antibiotic prescribing practices in telehealth. With concerted proactive initiatives in place, including both provider and member education programs, prescribing rates fall at or below the industry average. Researchers will now look to build on this work, accessing the organization’s
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Jefferson and Teladoc to Create the First Telehealth Fellowship Program
Teladoc Health, a provider of virtual care, today unveiled a partnership with Jefferson (Philadelphia University and Thomas Jefferson University) to create the industry’s first academic telehealth fellowship program. The telehealth fellowship is already underway this fall semester at Sidney Kimmel Medical College at Thomas Jefferson University. Jefferson (Philadelphia University + Thomas Jefferson University), home of Sidney Kimmel Medical College, dates back to 1824 and today comprises 10
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Teladoc Launches New Virtual Care Offering, Teladoc Global Care Services
Virtual care provider Teladoc Health, today announced the launch of Teladoc Global Care, a virtual care offering designed to meet the needs of globally mobile individuals in need of general medical care. The goal of Teladoc Global Care services will enable multinational organizations to provide expats and travelers with a single solution for convenient and easy-to-navigate access to quality care, regardless of geographic location. Teladoc Global Care is now commercially available for large
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Teladoc Rebrands as Teladoc Health to Reflect Broad Virtual Care Service Offerings
Virtual care provider Teladoc, today announced it will be changing its corporate name to Teladoc Health in order to better reflect its broad portfolio of virtual care services and mission to transform how people access healthcare around the world. Teladoc currently offers the only comprehensive virtual care solution spanning traditional telehealth, expert medical, and licensed platform and program services. As such, the Teladoc Health corporate brand will unify the combined capabilities and
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Teladoc Acquires Global Virtual Care Provider Advance Medical for $352M in Cash and Stock
Virtual care provider Teladoc, today announced it has acquired Advance Medical, an international virtual care provider of telemedicine services across Europe, Asia, Latin America for $352 million cash and stock. Under the terms of the agreement, the purchase price consists of approximately $292 million in cash and $60 million of Teladoc common stock. With a broadened international footprint and the ability to offer an expanded set of clinical services worldwide, the combination creates the only
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Teladoc Launches Behavioral Health Navigator in U.S.
Virtual care provider Teladoc, today announced the launch of Behavioral Health Navigator, bringing innovation to virtual care delivery and the diagnosis and treatment of behavioral health conditions. Behavioral Health Navigator is an integrated care service that provides specialized “navigation,” support and coordination, combined with virtual access to expert providers for those facing mental health conditions.More than 42 million Americans live with anxiety disorders, and more than 16 million
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