Fierce Health Payers January 11, 2021
Teladoc expects 2020 revenue to reach $1.1 billion, doubling its 2019 revenue of $553 million, driven by surging demand for virtual care solutions.
The telehealth giant reported it delivered 10.6 million virtual visits last year, up from 4.1 million visits in 2019. The company’s U.S. paid membership will reach 50 million to 51 million users, up about 36% from 37 million users in 2019.
Teladoc completed its massive $18.5 billion acquisition of Livongo in October, and, combined with its acquisition of InTouch Health last year, the company’s value proposition in the marketplace is only getting stronger, Teladoc CEO Jason Gorevic said during a presentation at the annual J.P. Morgan healthcare conference Monday.
Livongo is a digital chronic condition management company...