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Tuesday, March 10, 2020

Teladoc up 6% on insurance coverage of telemedicine

Teladoc (TDOC +6.2%) perks up on 22% higher volume on the heels of an announcement from Vice President Mike Pence that health insurers will pay for telemedicine services during the COVID-19 outbreak.
The company is top dog in the space, completing ~4.1M telehealth visits last year. It says it has over 36.7M U.S. members and 19.3M visit fee-only users, delivering services in more than 175 countries around the world.
https://seekingalpha.com/news/3550209-teladoc-up-6-on-insurance-coverage-of-telemedicine

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