Teladoc(TDOC)
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Teladoc (TDOC) Increases Despite Market Slip: Here's What You Need to Know
Zacks Investment Research· 2024-01-05 00:35
In the latest market close, Teladoc (TDOC) reached $21.36, with a +0.56% movement compared to the previous day. This move outpaced the S&P 500's daily loss of 0.34%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, lost 0.56%.The telehealth services provider's stock has climbed by 12.02% in the past month, exceeding the Medical sector's gain of 5.72% and the S&P 500's gain of 2.56%.Investors will be eagerly watching for the performance of Teladoc in its upcoming earnings disclosure. The ...
3 Reasons to Buy Teladoc Stock Like There's No Tomorrow
The Motley Fool· 2024-01-01 08:45
Telehealth leader Teladoc Health (TDOC -2.49%) is suffering the same fate as many other so-called "pandemic stocks." Since the health crisis is largely in the rear-view mirror (even if COVID itself is not), the traction that the company gained from it has faded -- and then some. Teladoc shares are down by 89% in the past three years, and are trading well below where they were before the pandemic began.Still, there remain excellent reasons to invest in Teladoc, particularly for investors willing to hold its ...
Teladoc Health to Participate in Upcoming Investor Conference
Globenewswire· 2023-12-22 08:30
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 HealthTel ...
Teladoc(TDOC) - 2023 Q3 - Quarterly Report
2023-10-26 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________________________________________ Form 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Commission File Number: 001-37477 _______ ...
Teladoc(TDOC) - 2023 Q3 - Earnings Call Transcript
2023-10-24 23:54
Teladoc Health, Inc. (NYSE:TDOC) Q3 2023 Earnings Conference Call October 24, 2023 4:30 PM ET Company Participants Patrick Feeley - Head of Investor Relations Jason Gorevic - Chief Executive Officer Mala Murthy - Chief Financial Officer Conference Call Participants Lisa Gill - JPMorgan Ryan Daniels - William Blair Jailendra Singh - Truist Richard Close - Canaccord Genuity Lucas Romanski - TD Cowen George Hill - Deutsche Bank Jessica Tassan - Piper Sandler Daniel Grosslight - Citi Elizabeth Anderson - Everco ...
Teladoc(TDOC) - 2023 Q2 - Quarterly Report
2023-07-27 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________________________________________ Form 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Commission File Number: 001-37477 ____________ ...
Teladoc(TDOC) - 2023 Q2 - Earnings Call Transcript
2023-07-26 00:13
Teladoc Health, Inc. (NYSE:TDOC) Q2 2023 Earnings Call Transcript July 25, 2023 4:30 PM ET Company Participants Patrick Feeley - Head of Investor Relations Jason Gorevic - Chief Executive Officer Mala Murthy - Chief Financial Officer Conference Call Participants Sandy Draper - Guggenheim Jailendra Singh - Truist Securities Lisa Gill - JP Morgan Daniel Grosslight - Citi Sean Dodge - RBC Capital Markets Jessica Tassan - Piper Sandler Richard Close - Canaccord Genuity George Hill - Deutsche Bank. Charles Rhyee ...
Teladoc(TDOC) - 2023 Q1 - Quarterly Report
2023-05-01 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37477 (State of incorporation) (I.R.S. Employer Identification No.) 2 Manhattanville Road, Suite 203 Purchase, New York ...
Teladoc(TDOC) - 2023 Q1 - Earnings Call Transcript
2023-04-28 04:13
Teladoc Health, Inc. (NYSE:TDOC) Q1 2023 Earnings Conference Call April 26, 2023 4:30 PM ET Company Participants Patrick Feeley – Head of Investor Relations Jason Gorevic – Chief Executive Officer Mala Murthy – Chief Financial Officer Conference Call Participants Lisa Gill – J.P. Morgan Sandy Draper – Guggenheim Jack Senft – William Blair Stephanie Davis – SVB Jailendra Singh – Truist Daniel Grosslight – Citi Richard Close – Canaccord Jessica Tassan – Piper Sandler Sean Dodge – RBC Capital Markets Allen Lu ...
Teladoc(TDOC) - 2022 Q4 - Annual Report
2023-02-28 16:00
Telehealth Services - Teladoc Health completed approximately 18.5 million telehealth visits in 2022 through business-to-business and direct-to-consumer channels[17]. - Over 80 million individuals in the U.S. have access to Teladoc Health's products and services as of December 31, 2022[21]. - The Integrated Care segment generated 87% of total revenue from access fees for the year ended December 31, 2022[22]. - The Integrated Care segment includes a suite of global virtual medical services, focusing on chronic condition management and mental health[19]. - The core platform is capable of supporting upwards of 100,000 visits per day, showcasing its scalability[39]. - Teladoc Health's engagement science utilizes predictive analytics to drive utilization of virtual healthcare services[34]. - The platform complies with international data and privacy regulations, allowing for global service offerings tailored to local needs[42]. - The company has developed a global distribution network, providing 24x7 services to international members from locations in Europe, South America, and Asia[60]. - The integrated mobile app offers a seamless experience for accessing virtual health services, driving increased member engagement and enrollment[56]. - The company has expanded its virtual primary care offering, Primary360, which integrates multi-source data and personalized care plans[52]. - A new offering, Inpatient Connected Care, allows hospitals to utilize patient room televisions for virtual care, addressing staffing shortages with a projected need for 2.1 million new registered nurses by 2025[53]. Mental Health Services - The BetterHelp segment primarily consists of a direct-to-consumer mental health platform with over 30,000 licensed clinicians[20]. - The BetterHelp segment leads the D2C therapy market, with a 25% increase in global anxiety and depression rates during the pandemic, indicating substantial growth potential[62]. - Investments in chronic care management and mental health services, such as myStrength Complete and Chronic Care Complete, aim to improve health outcomes for individuals with multiple chronic conditions[54]. Financial Performance - The company incurred net losses of $13,659.5 million and $428.8 million for the years ended December 31, 2022 and 2021, respectively, with an accumulated deficit of $15,008.3 million as of December 31, 2022[124]. - The company recorded a non-deductible goodwill impairment charge of $6.6 billion in Q1 2022 and an additional $3.0 billion in Q2 2022, totaling $9.6 billion for those two quarters[127]. - An additional $3.8 billion non-cash impairment charge was recognized in Q4 2022, driven by a decline in projected cash flows[128]. - The company anticipates that costs of revenue and operating expenses may continue to increase substantially in the foreseeable future due to ongoing investments in business expansion[125]. - The top ten clients accounted for 19.2% and 21.8% of total revenue for the years ended December 31, 2022 and 2021, respectively, indicating a reliance on a limited number of clients[126]. Regulatory Compliance - The company is subject to various federal and state laws, including the Stark Law, which imposes penalties of up to $27,750 per violation and potential exclusion from federally funded healthcare programs[87]. - Violations of the federal Anti-Kickback Statute can result in civil monetary penalties of up to $112,131 and criminal fines of $100,000 per violation[88]. - The company is also subject to the False Claims Act, with penalties ranging from $12,537 to $25,076 for each false claim, plus triple damages[89]. - HIPAA violations can lead to significant civil and criminal penalties, with a single breach potentially violating multiple standards[95]. - The company is committed to monitoring healthcare regulations to ensure compliance and mitigate risks associated with changing laws[81]. - The company has established systems to ensure that affiliated physicians are appropriately licensed under applicable state law for telehealth services[84]. Diversity and Inclusion - The company is committed to health equity, establishing a Health Equity Task Force and hiring key roles to address disparities in healthcare access[78]. - The company identified a gap in health outcomes for Hispanic members and prioritized the rollout of Spanish-language experiences across its portfolio[79]. - The company has increased accessibility features to accommodate diverse user needs, including those with visual and physical impairments[80]. - The company has enhanced its diversity, equity, and inclusion (DEI) initiatives, including expanding diversity hiring manager training resources and partnerships to advance diverse talent[116]. Growth Strategy - Teladoc Health aims to position virtual care as the first choice for healthcare access, leveraging enterprise scale and technical capabilities[49]. - The company plans to drive growth through selective investments and acquisitions to enhance service offerings and distribution capabilities[63]. - The company expects a significant portion of its revenue to come from the renewal of existing client contracts and sales of additional applications and services to current clients[143]. - The company is executing growth initiatives, including the introduction of new products like virtual primary care, but faces risks that may hinder achieving expected benefits[167]. - Strategic relationships with third parties are crucial for growth, and failure to maintain these relationships could impair revenue growth and competitive positioning[168]. Operational Challenges - The company faces significant competition in the virtual care industry, which may lead to pricing pressures and impact sales and profitability[136]. - Economic uncertainties may negatively affect client demand for solutions, potentially leading to reduced revenue and increased write-offs of accounts receivable[174][177]. - The company must attract and retain qualified personnel, particularly software engineers, to support its growth initiatives[162]. - Challenges in recruiting and retaining healthcare professionals could adversely affect the company's operational performance and growth potential[171]. - The ability to scale solutions for both large and smaller clients is essential, as large clients often require specific features that may strain implementation capacity[163]. International Operations - The company is expanding its international operations, which are subject to stringent legal and regulatory requirements, including anti-corruption laws[106]. - The company faces risks related to international operations, including regulatory approvals, data privacy laws, and competition from local businesses[188]. - Approximately 13% of the company's revenue was generated internationally in 2022, indicating reliance on global markets[186]. Financial Risks - The company may need to incur additional indebtedness or seek capital through new equity or debt financings to support growth and respond to business challenges[205]. - The company’s future capital requirements will depend on growth rate, subscription renewal activity, and market acceptance of virtual care[207]. - Fluctuations in foreign currency exchange rates may adversely affect the company's revenue and expenses, impacting profitability[209]. - The company may face challenges in repatriating earnings due to foreign government restrictions and exchange rate controls[209]. Disaster and Operational Risks - The company faces significant risks from natural or man-made disasters, which could disrupt operations and negatively impact financial condition and results[210]. - Headquarters are located in a disaster-prone area, increasing vulnerability to events like terrorist attacks and hurricanes[210]. - Reliance on third-party data center providers and internet infrastructure poses risks; failures could lead to litigation and damage client relationships[211].