Healthcare DIVE July 28, 2021
Shannon Muchmore

Dive Brief:

  • Teladoc Health saw its year-over-year total revenue more than double in the second quarter of this year, coming in above Wall Street expectations and hiking its full-year guidance for the second time this year after offering mild expectations in February.
  • Analysts noted, however, that membership numbers were stale and the hospital business was slower than expected for the quarter. Shares were down 6%┬áin morning trading Wednesday.
  • In a call with investors Tuesday, executives tried to steer the conversation toward per-member revenue metrics and touted new contracts, including with major Blues payer HCSC and a primary care platform agreement in the works with an unnamed national payer.

Dive Insight:

SVB Leerink analysts noted investors continue to be...

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Topics: Digital Health, Health IT, Health System / Hospital, Provider, Technology, Telehealth
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