On Monday, December 14, Judge Robert Pitman, U.S. District Court for the Western District of Texas, denied the Texas Medical Board’s (TMB) motion to dismiss a federal lawsuit filed by telehealth provider Teladoc. The decision marks the seventh occasion in the last four years that various Texas courts have sided with Teladoc against the Texas Medical Board’s repeated attempts to limit access to affordable, quality health care in the state. In May, Judge Pitman blocked a TMB rule that would
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Teladoc | News, Analysis, Insights - HIT Consultant
Teladoc’s CEO Talks What Telehealth Means for the Future of Healthcare
What if access to quality healthcare services was just a click, tap, or phone call away? That was the premise that telehealth services were founded on. But beyond the appeal and consumer convenience, telehealth stands to create efficiencies for healthcare systems that are desperately in need of it. Telehealth isn’t just about taking healthcare to the future—it’s about creating a better future for the patients and providers than can benefit from its use, especially in the wake of the
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Teladoc Releases Q3 2015 Earnings: 10 Things to Know
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
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Teladoc CEO Named 2015 Digital Healthcare Innovator of the Year
Teladoc CEO Jason Gorevic has been named Digital Healthcare Innovator of the Year by Healthegy, an organization focused on improving and innovating healthcare and the host of the Digital Healthcare Innovation Summit in Boston. The company is the first telehealth company to go public in July 2015 and recently completed its 1 millionth telehealth visit. 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
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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
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American Well vs Teladoc Telehealth Trademark Battle Leaning Teladoc’s Way
This week, the U.S. Patent & Trademark Office (PTO) has agreed to move forward with Teladoc’s case to invalidate a patent held by rival American Well Corporation. The PTO’s order to proceed with the case, issued September 14, noted that Teladoc has a “likelihood” of prevailing.
“As the pioneer and leader in telehealth, Teladoc has the responsibility to protect consumers’ access to health innovations like telehealth,” said Jason Gorevic, chief executive officer of Teladoc in an official
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Virtua Selets Teladoc to Offer Telehealth Visits In Southern New Jersey
Dallas-based telehealth provider, Teladoc has been selected by Virtua, the largest health care provider in southern New Jersey, to provide telemedicine services to its employees and residents of the communities it serves. As part of the agreement, board-certified primary care physicians employed by Virtua will join Teladoc’s clinical network, which offers 24/7/365 access to state-licensed, board-certified physicians via phone, internet, secure online video and mobile
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Teladoc IPO Raises $157M, Shares Priced at $19
Today, Dallas-based telehealth provider, Teladoc initial public offering (IPO) debut under the symbol “TDOC" on the New York Stock Exchange at $19 per share, raising $157 million. The underwriters for the offering also have a 30-day option to purchase up to an additional 1,237,500 shares of Teladoc common stock. Founded in 2002, the company emerged as an early leader in the growing telehealth space as self-insured employers and insurance companies look for ways to cut healthcare costs by
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