MAY 10, 2021
Walmart is acquiring telehealth firm MeMD, giving it an opportunity to grow its healthcare business without expanding its clinics—retail giants offering in-person/virtual care could spell trouble for telehealth vendors like Teladoc.
DEC 10, 2020
Digital therapeutics (DTx) were gaining popularity as tools to help slash the US’ $3 trillion annual spending on chronic disease, and the pandemic has vaulted digital therapies into the spotlight. Now, the Teladoc-Livongo megamerger is heating up competition in the DTx space as players race to capture a slice of a market slated to reach $56 billion by 2025.
APR 20, 2021
DEC 28, 2020
JUL 30, 2021
Why it matters: What’s surprising is that telehealth investments are still rising while leading companies like Teladoc and Amwell are not yet profitable. Global telehealth investment went up for the fourth consecutive quarter in Q2, growing 17% from Q1 and up 169% year-over-year, per CB Insights.
JUL 15, 2021
For example, 60% of Medicare-related virtual behavioral health visits were for mental health, and Teladoc saw its telemental health visits double at the height of the pandemic. The pandemic-induced space isn’t totally unsurprising since virtual care became a necessity for many—what’s notable is that many of these patients used mental health services for the very first time.
JUN 25, 2021
And telehealth giants Teladoc and Amwell both saw demand for their virtual primary care services skyrocket amid the pandemic, according to the American Hospital Association.
JUN 16, 2021
For example, Teladoc offers its services to residents in countries like Australia, Canada, and Spain. And Hims & Hers recently announced its European expansion plans through its acquisition of London-based D2C firm Honest Health. But the US isn’t lacking demand for virtual mental health—in fact, US patients will likely opt for it in the long haul:.
JUN 2, 2021
Earlier this year, UnitedHealthcare’s Optum announced it'd be expanding its telehealth services to all 50 states, posing a threat to virtual care giants like Amwell and Teladoc. And in February, Cigna revealed its plans to scoop up telehealth vendor MDLive to bring its virtual primary and mental health services under Cigna’s roof.
JUL 28, 2021
In October 2020, Teladoc shook up the telehealth space with its blockbuster $18 billion acquisition of DTx firm Livongo. It was the first major instance where we saw DTx on the big stage, holding hands with telehealth. Now, Amwell’s simultaneous acquisitions of SilverCloud and Conversa Health mirror Teladoc’s Livongo acquisition—maybe not in size, but in strategy.
MAY 4, 2021
After telehealth company Teladoc bought DTx firm Livongo in a multibillion dollar deal last August, DTx vendors were catapulted into the limelight. Duffy told Insider that the Teladoc-Livongo deal “raised the bar” for Omada, attracting more attention from telehealth vendors—something Insider Intelligence predicted would occur in the industry after the Teladoc-Livongo deal came to fruition.
APR 30, 2021
And Amwell isn’t the only telehealth giant consolidating its tech to make it easier for patients to use: Teladoc boasts the fact that members can register for and access Livongo’s programs within the Teladoc app for a “seamless member experience.”.
MAY 6, 2021
However, most larger players like Teladoc and Doctor on Demand have yet to move in on the pediatric digital health space—something that could begin to change as demand rises for this type of care and the market opportunity grows: About 1 in every 6 US children suffers from a treatable mental health condition, which have worsened amid the pandemic’s mental health crisis.
APR 8, 2021
Insurtechs will likely face stiff competition from legacy telehealth vendors like Teladoc—but an in-house telehealth service comes with the benefit of access to new troves of patient data that can be used to optimize their own tech-driven insurance policies.
APR 6, 2021
While telehealth platforms like Teladoc and Amwell have strong functional capabilities, Verizon actually provides the foundation of telehealth (internet connection)—which means it's uniquely positioned to upsell its telehealth platform as 5G makes its way across the US. And this isn’t Verizon’s first dalliance with telehealth, which will make its bigger leap into the space less bumpy.
JUL 20, 2021
Livongo, then a publicly traded company but now part of Teladoc, allowed users to ask Alexa for their last blood sugar reading and blood sugar measurement trends, in addition to getting personalized “Health Nudges” and insights. The list of users and uses for Alexa in healthcare has only grown, and some new uses were spurred by the pandemic.
APR 2, 2021
E-clinic visits are covered under most insurance plans, but there’s also “an affordable cash-pay option” of $59 per virtual visit in collaboration with Teladoc.
DEC 21, 2020
Smaller telemedicine entrants were already up against more prominent players in the space like Amwell, MDLive, and Teladoc—but with the Teladoc-Livongo megamerger, it's even more pressing for smaller firms to build out their capabilities to beef up customer bases, as the combined entity threatens to poach away business.
MAR 1, 2021
MAR 16, 2021
The $2 billion-plus merger will heat up competition among other telemedicine giants like Teladoc and MDLive—both of which have been involved in M&As of their own in the last year. Teladoc underwent its blockbuster $18.5 billion merger with Livongo in August 2020, and MDLive was just acquired by Cigna last month.
MAR 18, 2021
For example, Teladoc saw 145% year-over-year growth in Q4, 2020; MDLive’s rapid growth led it to be acquired by Cigna in February; and most recently, Doctor on Demand merged with Grand Rounds, creating yet another telehealth giant.