Healthcare DIVE February 23, 2022
Dive Brief:
- Despite worries that demand for telehealth could fall as the U.S. emerges from the COVID-19 pandemic, virtual care giant Teladoc beat Wall Street expectations with its 2021 financial results, and issued strong future growth projections Tuesday.
- The New York-based vendor posted revenue of more than $2 billion in 2021, 86% higher than in 2020. Total visits were up 38% to 15.4 million, and Teladoc closed out the year with 53.6 million U.S. paid members, up just slightly from the year prior.
- However, market uncertainty and expected growth weighted in the back half of 2022 sent Teladoc’s stock slumping in aftermarket trading Tuesday following the results.
Dive Insight:
Teladoc, the largest end-to-end telehealth vendor in the U.S....
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