Jason Gorevic to depart the company, effective immediatelyCFO Mala Murthy appointed acting chief executiveTeladoc Health reaffirms guidance PURCHASE, NY, April 05, 2024 (GLOBE NEWSWIRE) -- Teladoc Health, Inc. (NYSE:TDOC), the global leader in whole-person virtual care, today announced that Jason Gorevic is departing the company, effective immediately. The Board of Directors has appointed Mala Murthy acting Chief Executive Officer while it searches for Mr. Gorevic's permanent successor. Ms. Murthy is a seas ...

Teladoc (TDOC) ended the recent trading session at $15.12, demonstrating no swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.63%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.82%.The telehealth services provider's stock has dropped by 28.1% in the past month, falling short of the Medical sector's gain of 0.91% and the S&P 500's gain of 1.76%.The upcoming earnings release of Teladoc will be of great interest to investor ...

Teladoc (TDOC) closed the latest trading day at $15.37, indicating a -1.41% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 1.12%. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 1.54%.Heading into today, shares of the telehealth services provider had lost 26.11% over the past month, lagging the Medical sector's gain of 2.49% and the S&P 500's gain of 2.06% in that time.The upcoming earnings release of Teladoc will be of great i ...

Teladoc Health, Inc. (TDOC) recently enhanced its weight management capabilities in a bid to offer a personalized health and medical care program to keep an eye on minimizing care costs related to obesity and promoting healthy weight loss. The new solution will be offered to TDOC’s members via health plans or employers. Its shares gained 0.5% on Mar 8.The Comprehensive Weight Management solution is devised by a multidisciplinary clinical care squad powered by an extensive provider network of Teladoc Health, ...

The struggle continues for telemedicine specialist Teladoc (TDOC 0.46%). The company's shares have been in free-fall since 2021 -- down 90% over the past three years -- and it started 2024 with another disappointing quarterly update that further dragged down its stock price. Is there still reason to invest in Teladoc?Wall Street analysts think so. Their average price target of $20.16 represents an upside of about 31% over the stock's Friday closing price. Can Teladoc bounce back and hit this target within a ...

PURCHASE, N.Y., Dec. 22, 2023 (GLOBE NEWSWIRE) -- Teladoc Health, Inc. (NYSE: TDOC), the global leader in whole-person virtual care, announced today that Jason Gorevic, chief executive officer, and Mala Murthy, chief financial officer, will participate in the 42nd Annual J.P. Morgan Healthcare Conference in San Francisco on January 9th, 2024. A live audio webcast and replay of the presentation will be available at http://ir.teladochealth.com/news-and-events/events-and-presentations/. About Teladoc Health Te ...

PURCHASE, NY, March 07, 2024 (GLOBE NEWSWIRE) -- Teladoc Health, Inc. (NYSE:TDOC), the global leader in whole-person virtual care, today announced expanded capabilities designed to help employers and health plans manage rising demand for anti-obesity medication such as glucagon-like peptide 1 (GLP-1) agonists and support safe, sustainable weight loss and cardiometabolic health improvement for members. New features include helping plan sponsors and pharmacy benefit managers manage and optimize the growing co ...

Teladoc (TDOC) closed the latest trading day at $14.58, indicating a +1.32% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.51%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.58%.Prior to today's trading, shares of the telehealth services provider had lost 28.3% over the past month. This has lagged the Medical sector's gain of 2.54% and the S&P 500's gain of 2.94% in that time.The investment community will be closely monitoring the performa ...

Teladoc Health, Inc. (NYSE:TDOC) TD Cowen 44th Annual Health Care Results Conference March 4, 2024 2:50 PM ET Company Participants Patrick Feeley - Head, Investor Relations Mala Murthy - Chief Financial Officer Conference Call Participants Charles Rhyee - TD Cowen Charles Rhyee So, thanks for being here with us today. We appreciate it. Patrick Feeley Thanks for having us. Question-and-Answer Session Q - Charles Rhyee Maybe we'll dive right in here and, maybe let's start with the BetterHelp. Obviously, an a ...

Summary of Teladoc Health, Inc. Conference Call Company Overview - **Company**: Teladoc Health, Inc. (NYSE: TDOC) - **Event**: TD Cowen 44th Annual Health Care Results Conference - **Date**: March 4, 2024 Key Points Industry and Market Position - Teladoc is recognized as a leader in virtual behavioral health, with 36% of survey respondents indicating they have used either Teladoc or BetterHelp [1] - BetterHelp has grown from under $100 million to over $1 billion in revenue in a few years, establishing itself as the largest player in the direct-to-consumer virtual mental healthcare space [3] Financial Guidance and Growth Projections - Guidance for BetterHelp growth is flat to low-single digits for 2024 and low-single digits over the next three years, primarily due to higher customer acquisition costs [2] - The company emphasizes a disciplined approach to growth, focusing on cash flow and return on capital rather than pursuing revenue growth for its own sake [5][6] Customer Acquisition and Retention - Churn metrics for BetterHelp have remained stable, and the company focuses on lifetime value to customer acquisition cost (CAC) metrics [9] - The company is exploring geographic expansion, currently operating in the UK, Australia, and Canada, with plans to penetrate further into these markets [7][23] Macro Environment Impact - There is uncertainty regarding the impact of the macroeconomic environment on consumer discretionary spending, which could affect demand for BetterHelp services [10][11] - The company acknowledges potential headwinds from consumers feeling financially pinched but also sees a possible tailwind if consumers lose employer-sponsored coverage [11] B2B Strategy and Integration - Teladoc is not pivoting away from direct-to-consumer (D2C) to business-to-business (B2B) strategies but is looking for synergies between the two [15] - The B2B offering, myStrength, is part of a suite that includes therapy and digital tools, with a focus on leveraging data and AI for better matching of consumers with therapists [16][18] International Expansion - Approximately 15% of BetterHelp's revenue comes from international markets, which are growing faster than the overall business [23] - The company plans to test and learn in additional markets, emphasizing that mental health is a global issue [23] Integrated Care and Chronic Care Products - 16% of the general medical client base has access to chronic care products, up from 12% [24] - The company sees potential for growth in chronic care, with a focus on cross-selling to existing clients [26][37] Financial Stability and M&A Strategy - Teladoc has over $1 billion in cash on its balance sheet, which positions it well for strategic investments and acquisitions [28] - The company is evaluating M&A opportunities to add to the conditions it addresses and to penetrate deeper into existing markets [40] Product Differentiation and Consumer Experience - The company emphasizes the importance of providing a breadth of solutions to avoid point solution fatigue among clients [34] - The integration of chronic care and mental health services is seen as a competitive advantage, with a focus on improving clinical outcomes [34][45] Future Outlook - The company aims to balance profitability and growth, emphasizing that driving value means focusing on return on investment and cash flow yield [54] - Teladoc is committed to making necessary investments to drive both short-term and long-term growth while maintaining financial discipline [55] Additional Insights - The company is focused on enhancing member engagement through technology investments, including AI for personalized care [32] - There is a recognition that the market is evolving towards bundled solutions, which aligns with Teladoc's whole-person care strategy [27]