Teladoc Health is laying off about 300 employees, or about 6% of the virtual care company's non-clinician workforce.
The job cuts are part of a larger restructuring plan to reduce operating costs. In a filing with the Securities and Exchange Commission, Teladoc said it was also reducing its office space footprint in some markets.
In a letter to staff, CEO Jason Gorevic said the company was...
Teladoc Health posted a $3 billion net loss during the second quarter, bringing its losses for the year so far to nearly $10 billion.
By comparison, the virtual care giant recorded a loss of $133.8 million in the second quarter of 2021. Teladoc also reported another noncash goodwill impairment charge of $3 billion in Q2, following a $6.6 billion charge related to its Livongo acquisition reported...
Virtual care company Teladoc Health announced last week it's expanding its primary care program, Primary360, with same-day medication delivery and at-home lab collection.
The new services come via partnerships with digital pharmacy Capsule and Scarlet Health, a division of BioReference Laboratories that offers specimen collection and delivery. It will also add in-network referrals to its primary...
Teladoc Health is facing a class action lawsuit alleging the virtual care company misled investors about its business and financial prospects.
The suit, filed yesterday in the Southern District of New York on behalf of defendants who purchased Teladoc shares between October and April, names the company as well as CEO Jason Gorevic and CFO Mala Murthy.
It alleges they made misleading statements or...
Teladoc Health revised its full-year revenue outlook Wednesday after the virtual-care giant reported a $6.7 billion net loss in the first quarter, a significant jump from an approximately $200 million loss in Q1 last year.
The company said the loss was driven by a $6.6 billion non-cash goodwill impairment charge, related to Teladoc's $18.5 billion acquisition of chronic care management firm...
Oura, maker of a wearable health-tracking ring, tapped Tom Hale as the company's new CEO.
The wearable startup touted Hale's track record of taking companies to an initial public offering. Hale was previously president of SurveyMonkey owner Momentive, which held its IPO in 2018. Oura's previous CEO, Harpreet Singh Rai, announced he was stepping down from his post in December.
"ŌURA answers an...
Rapid-diagnostics company Cue Health earned $223.7 million in revenue for the third quarter of 2021, compared with $137.4 million for the prior quarter and $4.7 million for the prior year.
The company went public in late September, raising $213.9 million in proceeds after underwriting fees.
Net income dipped slightly to $19.3 million compared with $19.8 million in the second quarter, and earnings...
There are a slew of digital health startups looking to change the surgical space to make it more connected, from Hillrom's surgical communication tool to Activ Surgical’s solution that gives surgeons real-time intraoperative visual data.
London-based virtual surgery platform Proximie is looking to tackle surgical connectivity challenges with its augmented reality, machine learning and artificial...
Virtual care company Teladoc Health is partnering with Trustmark Health Benefits to offer a virtual-first insurance plan.
The health plan, called myVirtualCare Access, is built around Teladoc’s primary care offering, Primary360, which was made available for payers early last month.
Members will pay $0 co-pays for virtual services and preferential cost sharing for in-person services that are...
Virtual care giant Teladoc Health announced Wednesday that its primary care offering, Primary360, is now available for health plans, employers and other payers.
Primary360 allows members to choose a primary care provider and work with a care team, which can also help them find in-person providers if necessary. Members can make personalized healthcare plans and schedule phone or video telehealth...
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