Healthcare Innovation August 1, 2024
But lower cash flow projections for the behavioral services division helped lead to a big impairment charge in the second quarter.
The new CEO of Teladoc Health Inc. wants to secure insurance-company coverage for the company’s BetterHelp direct-to-consumer behavioral health services as part of his plan to improve profitability.
Speaking to analysts after the virtual care provider’s second-quarter earnings report, Chuck Divita also said he’s looking to build on the international expansion efforts of BetterHelp by targeting a handful of non-English-speaking markets in addition to the United Kingdom, Canada and Australia. The broader goal is to more tightly weave BetterHelp, which accounts for about 40 percent of Teladoc’s top line, together with the rest of the company.
“You’ve got a...
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