Telemedicine giant Teladoc has acquired Best Doctors, a virtual medical consultation company, to enable a connected care platform focused on improving outcomes for some of the most complex medical conditions. Under the terms of the deal, which is expected to close next month, Teladoc will pay $375 million cash and $65 million of Teladoc common stock. The company reports it has secured $360 in...
In the State of Texas, a major piece of telemedicine legislation is sitting on Governor Greg Abbott’s desk. Known as Senate Bill 1107 and House Bill 2697, the bill abolishes the requirement that patient-physician relationships be established with an in-person visit before telemedicine can be used.
(Update: As expected, Abbott signed the bill on Saturday.)
Texas is the final state of 50 to abolish...
With an emphasis on member engagement strategies, some big new clients and a boost in utilization from a “short but severe cold and flu season” in early 2017, Teladoc’s first quarter of the year kept the telemedicine company in good financial standing.
With record-high visits totaling 385,000 in the quarter ending March 31, the company saw revenue increases across the board. Total revenue was at...
Accessing medical services across the expansive state of Montana can be tough. With a majority of residents marooned in rural areas that can be separated by significant distances or poor road conditions, more people are using telemedicine to meet with their doctors. Accordingly, legislators have introduced a bill to put, as Representative Kirk Wagoner said, “sideboards on the practice of...
Employee wellness company Sidekick Health, which makes a suite of online, customizable wellness and disease prevention programs for providers and employers, has teamed up with weight loss company Jenny Craig. Through the partnership, employees in Sidekick’s employee wellness program with prediabetes will be referred to Jenny Craig’s weight loss program, which includes healthy eating tips and...
Teladoc is now powering the telemedicine services of Philadelphia-based Jefferson Health, a large health system affiliated with Thomas Jefferson University. The platform is live for Jefferson’s network of outpatient and inpatient care, which is comprised of six colleges, nine hospitals, and 34 outpatient and urgent care locations -- serving over 2.6 million patients annually.
The Teladoc platform...
Teladoc has teamed up with Accolade, an on-demand healthcare concierge provider for employers, health plans and health systems, to help members navigate their telehealth benefits. The integrated service is now available to several of the two companies’ shared clients, and is showing increased utilization of Teladoc’s offerings: When a member is using the Accolade platform, the company’s Health...
Telemedicine company Teladoc has added a new position, executive vice president and chief revenue officer, and has tapped Peter Nieves for the role. Nieves was previously the EVP of employer markets at Optum, where he built that business up to be worth more than $1 billion according to a release from Teladoc.
“Successfully advancing to the next level is always reliant on having the right people...
Smart thermometer maker Kinsa has raised $17 million in a round led by GSR Ventures, Kleiner Perkins Caufield Byers, and FirstMark Capital. This brings the company’s total funding to $28.6 million.
Kinsa, which received FDA clearance for its smartphone-connected thermometer in 2014, said it will use the latest funding to develop additional smart products and services to the Kinsa line.
“With...
A study published in Health Affairs and conducted by the RAND Corporation made a big splash this week with a bold claim: That telemedicine doesn’t actually reduce healthcare costs because the increased convenience leads to increased utilization, which ultimately costs more than in-person care would have.
The study looked at claims data from a cohort of 300,000 employees with access to Teladoc...
