Behavioral Health Business January 10, 2024
Teladoc Health (NYSE: TDOC) is continuing to grow its virtual mental health platform, BetterHelp, by focusing on the B2B market.
BetterHelp has grown from about $100 million to $1 billion in revenue in the last three years, according to Teladoc CEO Jason Gorevic at the 42nd Annual J.P. Morgan Healthcare Conference. To accelerate growth, Teladoc aims to significantly expand BetterHelp’s presence in the B2B market by offering its virtual mental health services to more employers and health plans.
“We are looking at opportunities to bring BetterHelp’s capabilities more and more into the B2B side of our business,” Gorevic said. “We’re … selling BetterHelp directly to employers, organizations, associations and we see more opportunity to do that.”
Teladoc is not...