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Teladoc Health Inc TDOC

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Healthcare IT Outlook: Looking Past the COVID-19 Pandemic

Soo Romanoff Equity Analyst

Analyst Note

| Soo Romanoff |

We view the COVID-19 pandemic as supporting the rotation into healthcare information technology companies that (1) benefit from shelter-in-place orders (Teladoc); (2) have quality technology (Veeva); or (3) have recurring revenue (Veeva and Cerner). Other healthcare IT companies we cover, such as Change Healthcare, have been adversely affected with lower volume. While Veeva remains the best positioned, we anticipate a bifurcation of trajectories for Change and Teladoc as we recover from the pandemic.

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Company Profile

Business Description

Teladoc Health Inc is virtual health provider with a telehealth platform delivering 24-hour, on-demand healthcare via mobile devices, the Internet, video, and phone. Its platform connects members with a network of physicians and behavioral health professionals. Most of the company’s revenues are generated on a subscription basis (per-member-per-month) and the balance comes from visit fees. Since inception, Teledoc has primarily partnered with employers, health plans, and health systems to offer network access to their members, however, most recently, the company has also started to market directly to consumers while expanding its service portfolio. The cornerstone of Teladoc’s business is to provide healthcare access to members in real time to avoid excessive health plan costs.

2 Manhattanville Road, Suite 203
Purchase, NY, 10577
T +1 203 635-2002
Sector Healthcare
Industry Health Information Services
Most Recent Earnings Mar 31, 2020
Fiscal Year End Dec 31, 2020
Stock Type Speculative Growth
Employees 2,588