Behavioral Health Business August 1, 2024
Teladoc (NYSE: TDOC) is working with a sense of “urgency” to restructure its underperforming mental health company BetterHelp, focusing on expanding insurance deals to revitalize the business.
This comes after a streak of disappointing earnings results. The company announced a net loss of $837.7 million, or $4.92 per share in its second-quarter earnings call.
“This is a company that is not yet delivering on its fullest potential,” Charles “Chuck” Divita III, Teladoc CEO, said on the call. “Since joining the company seven weeks ago, I’ve been evaluating together with the team, all aspects of our business, our strategic direction and priorities, our product offerings, in terms of current performance and market potential, the outlook for our business units, and where...
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