Teladoc Health (NYSE: TDOC) has acquired the digital mental health company UpLift in a deal worth $45 million. The company announced Wednesday that the acquisition of UpLift, a virtual therapy and psychiatry provider, deepens its footprint in virtual mental health services and further enables it to provide those services on an in-network basis. UpLift’s payer […]
Teladoc Health (NYSE: TDOC) is having a much better go of it in the mental health field through its B2B-focused Integrated Care division than its much more visible D2C entity, BetterHelp. BetterHelp, ostensibly the largest D2C digital talk therapy company in the U.S., is diminishing in scale and profitability, contributing to Teladoc Health’s overall financial […]
The coronavirus pandemic and massive influx of capital into the industry over the past five years have put the behavioral health industry centerstage in the proverbial play that is American health care. But the spotlight eventually attracts the microscope. The industry has and will continue to face greater scrutiny, examination, criticism and challenges than ever […]
All was relatively quiet on the behavioral health front for publicly traded companies in Q1, reflecting the typically sleepy nature of the first quarter for those seeking to wrap up old initiatives and start new ones. Don’t get me wrong: It’s not like nothing happened or there isn’t anything worth pondering. Quite the opposite, in […]
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 […]
Teladoc Health (NYSE: TDOC) is attributing its direct-to-consumer mental health business BetterHelp’s strong revenue growth to therapist productivity improvements. The efficiencies include more group therapy sessions and an emphasis on more digital interactions. “We’ve actually taken a number of initiatives to improve therapists productivity, ranging from group therapy sessions, to more digital interactions,” Mala Murthy, […]
Teladoc (NYSE: TDOC) attributed its direct-to-consumer mental health segment BetterHelp’s first-quarter revenue growth to an uptick in membership and stable customer-acquisition costs. In 2022, the telehealth provider struggled to keep up with the rising customer-acquisition costs, which were partly inflated by new digital behavioral health competitors. “Customer acquisition trends have remained stable year to date, […]
The Federal Trade Commission announced Thursday that it intends to ban BetterHelp from data sharing for advertising purposes. The regulatory body further calls BetterHelp to pay $7.8 million to consumers as a part of a settlement over allegations it shared sensitive health information with third parties such as social media platforms and digital advertisers. The […]
Despite a somewhat rocky 2022, Teladoc Health Inc.’s (NYSE: TDOC) direct-to-consumer behavioral health subsidiary, BetterHelp, raked in over $1 billion in revenue. That’s a $300 million increase from 2021, according to company leadership. More than 1 million people received therapy from BetterHelp in 2022, Teladoc CEO Jason Gorevic revealed at the JP Morgan Healthcare conference […]
Telehealth giant Teladoc (NYSE: TDOC) is integrating behavioral health and primary care in its new app. The app promises to help customers navigate care across Teladoc’s spectrum of services. It’s part of the company’s push to fully integrate services and move towards holistic care. The app is being rolled out to specific clients this month […]
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