March 13, 2020
Teladoc Health Sees Daily Virtual Medical Visits Up 50% in Past Week
Approximately 100,000 U.S. Medical Visits in Seven Days Expand Capacity of Stretched Health Care System
Respiratory Condition Diagnoses Increase 24% Over Same Month Last Year PURCHASE, NY, March 13, 2020 (GLOBE NEWSWIRE) - Teladoc Health (NYSE: TDOC), the global leader in virtual care, today shared that the company is experiencing unprecedented daily visit volume in the United States as the novel coronavirus continues to spread globally. This week, patient visit volume spiked 50 percent over the prior week and continues to rise. The company had been handling visit demand consistent with peak flu volumes, but on Wednesday began to see that number accelerate to as much as 15,000 visits requested per day. Teladoc Health has provided approximately 100,000 virtual medical visits to patients in the United States in the past week, helping to alleviate pressure on the broader health care system. “We are seeing more patients and more of those patients are experiencing upper respiratory...
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February 26, 2020
Teladoc Health Reports Fourth-Quarter and Full-Year 2019 Results
Year-over-year Q4 revenue grows 27% to $156.5 million and total visits increase 44% to 1.2 million Year-over-year full year revenue grows 32% to $553.3 million and total visits increase 57% to 4.1 million Issues Initial 2020 guidance PURCHASE, NY, Feb. 26, 2020 (GLOBE NEWSWIRE) - Teladoc Health, Inc. (NYSE: TDOC), the global leader in virtual care, today reported financial results for the fourth quarter and full year ending December 31, 2019. “We demonstrated outstanding performance in the fourth quarter and full year of 2019 as we reported record results that were at the high end or exceeded our expectations on all key metrics. Our diversified growth strategies are driving strong growth across our channels,” said Jason Gorevic, chief executive officer. “Looking forward, we are well positioned with significant momentum to extend our leadership position and to meet the increasing demand for our comprehensive service offering.” Financial Highlights for the Fourth Quarter and Full Year...
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