Healthcare Finance News November 1, 2024
The company says there’s opportunity to enhance its value proposition in the realm of virtual care.
Teladoc Health put in a stronger-than-expected showing in the third quarter, bringing in $640.5 million in revenue, down 3% year-over-year (YOY), according to the company’s earnings results. The company lost about $0.19 per share in the quarter, for a net loss of $33.3 million.
U.S. revenue decreased 6%, to $536.2 million, and international revenue grew 15%, to $104.3 million over that time. Teladoc Health Integrated Care revenue increased 2%, to $383.7 million in Q3, and BetterHelp revenue decreased 10%, to $256.8 million.
Calling BetterHelp a “company in transition,” Teladoc executives said on an earnings call that there are opportunities to improve the virtual care...
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