Fierce Healthcare June 30, 2022
Like many other health tech companies, the telehealth boom during the COVID-19 pandemic lit a fire under Teladoc’s business.
The pandemic caused a massive acceleration of telehealth as consumers and providers sought ways to safely access and deliver healthcare while also decreasing the spread of the virus.
As it’s been said, in a matter of months, virtual care went from a “nice-to-have” to a “must-have” for providers.
The virtual care giant saw its revenue double in 2020—from $553 million in 2019 to $1.1 billion—and virtual visits grew 158% as the company scaled up to meet rapidly growing demand.
Teladoc’s 2021 revenue jumped 86%, hitting $2 billion, and it delivered 14.7 million virtual visits.
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