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 […]
Teladoc (NYSE: TDOC) is targeting mental health service expansion as part of its integrated care business. The telehealth company’s behavioral health efforts have primarily focused on its direct-to-consumer segment, BetterHelp, but that could change as its integrated care business focuses on whole-person care. “The mental health business, on the B2B side, is approximately $150 million […]
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 […]
Teladoc (NYSE: TDOC) is defending the basic premise of its BetterHelp business model while presenting drooping third-quarter revenue figures. But the company plans to continue to invest in its capabilities to stay afloat in a rapidly changing, competitive industry. “We view 2025 as being an important repositioning year for the company as we execute against […]
Virtual mental health provider BetterHelp has partnered with online psychiatry company Talkiatry, uniting both companies’ services for BetterHelp’s business clients. The partnership makes BetterHelp’s employer offering more valuable and provides a pipeline of patients to Talkiatry, company executives told Behavioral Health Business. “It’s always been difficult as well for employers to try and find a […]
Teladoc (NYSE: TDOC) is working with a sense of “urgency” to restructure its underperforming mental health company BetterHelp, focusing on expanding insurance deals to revitalize the business. This comes after a streak of disappointing earnings results. The company announced a net loss of $837.7 million, or $4.92 per share in its second-quarter earnings call. “This […]
The board of Teladoc Health Inc. (NYSE: TDOC) has named Charles “Chuck” Divita III as its new CEO, effective immediately. He will also serve on the telehealth company’s board of directors. Divita succeeds longtime CEO Jason Gorevic as the company tries to reverse a years-long skid in share prices and losses and reposition its virtual […]
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 […]
Virtual care behemoth Teladoc projects that revenue from its direct-to-consumer behavioral health service, BetterHelp, will remain in the red for the first half of the year. In Q1, BetterHelp saw revenue decline by 4% and a membership decline of 11% compared to the same quarter last year. Looking into the next quarter, the company expects […]
Teladoc’s (NYSE: TDOC) longtime CEO Jason Gorevic has stepped down amid the company’s ongoing struggles on the public market. The company’s Chief Financial Officer Marla Murthy will step in as acting CEO during the transition period, according to the Teladoc’s board of directors. Teladoc is one of the largest virtual care companies in the country. […]
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