Here are seven things to know about the company’s fourth quarter unaudited financial results.
1. Teladoc’s membership rose to 23 million, representing a 31 percent increase over 2016.
2. The company reported roughly 1.46 million visits, or a 53 percent increase over 2016.
3. Teladoc also added that it saw 7 percent utilization, compared to 6 percent utilization in 2016.
4. In Teladoc’s fourth quarter, the company reported total revenues of approximately $76 million, or a 103 percent increase over 2016.
5. For 2018, Teladoc projects total revenues in the range of $350 million to $360 million, which would be a 52 percent increase over 2017 at the midpoint.
6. The company expects total membership to reach 22 million to 24 million, a 20 percent increase over 2017 at the midpoint, plus visit fee only access to 18 million individuals compared to zero in 2017.
7. Teladoc projects 1.9 million to 2 million visits — a 33 percent increase over 2017 at the midpoint — in 2018.
More articles on telehealth:
FCC proposes rule to lift $400M funding cap on rural telehealth program
Rutgers University rolls out telemedicine for kids’ mental health
Study: ‘Door-to-needle’ time drops 20 minutes with telestroke
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
