Teladoc conducts 1 millionth telehealth visit
Industry leader brings high-quality, low-cost health care to more Americans via video, phone or online visit
Purchase, New York (October 20, 2015) – Teladoc (NYSE: TDOC), the nation's first and largest telehealth platform crossed an industry milestone this week with the completion of its 1 millionth telehealth visit. Each telehealth visit reflects an interaction between a board-certified, state-licensed physician and a patient in need of health care via video, phone or online.
"Hitting our 1 millionth visit underscores the growing adoption and utilization of telehealth services across the country," said Jason Gorevic, Teladoc chief executive officer. "This Teladoc milestone is evidence of the value we deliver and the confidence our employers, members, physicians and hospital systems have in our ability to provide quality health care where and when people need it most."
In addition to being the first telehealth provider to conduct 1 million physician visits, Teladoc also counts among its industry "firsts" as being the first and largest telehealth platform, and the first and only telehealth company to be certified by the National Committee for Quality Assurance (NCQA) for its physician credentialing process.
"As the nation continues to face growing health care challenges, employers, providers and patients are seeking innovative solutions to mounting health care costs and challenges accessing timely care," said Krista Drobac of the Alliance for Connected Care . "Teladoc's one millionth telehealth visit represents a milestone for the growth in patient access to this important technology."
Teladoc helps resolve common, non-emergency issues and offers behavioral health, dermatological, tobacco cessation and sexual health services. Teladoc maintains a 92 percent medical resolution rate and a 95 percent patient satisfaction rate.
According to the National Business Group on Health, 74 percent of large employers are expected to offer telemedicine in 2016 compared to 48 percent in 2015 and only 28 percent in 2014.
Huntington Ingalls Industries (HII), America's largest military shipbuilding company and a provider of manufacturing, engineering and management services to the nuclear energy, oil and gas markets, is among the growing number of Teladoc clients and large employers who are realizing the benefits of telehealth. Seeing the value that Teladoc brings to an increasingly complex health care environment, HII rolled out the Teladoc platform in July 2014 for more than 13,000 employees in an effort to help their employees and their families get convenient, affordable medical care.
"Our success as a company is tied to the health and safety of our employees and their families. This is why the health and welfare of our entire HII family is a primary focus for us," said Bill Ermatinger, HII's corporate vice president for human resources. "When it came time for us to add telemedicine as a component of our health care offerings that offers the best and most scalable solution to meet our employees' health care needs, Teladoc was the clear choice. Not only have their telehealth services delivered exceptional care for our employees, it has proven to be a great investment in our workforce."
The decision provided employees 24/7 access – including nights, weekends and holidays – to more than 2,000 physicians and behavioral health specialists. In addition to saving Huntington Ingalls Industries $483,005 in health care and productivity costs, their employees are delighted with the Teladoc program and reported a 97 percent "good" or "excellent" rating for their Teladoc physician.
Teladoc, Inc. (NYSE: TDOC) is the nation's first and largest telehealth platform, delivering on-demand health care anytime, from almost anywhere via mobile devices, the internet, secure video and phone. More than 12.5 million U.S. members are connected to Teladoc's network of over 2,000 board-certified, state-licensed physicians and behavioral health professionals who provide care for a wide range of non-emergency conditions. With a median response time of
less than 10 minutes, Teladoc physicians will perform more than 525,000 telehealth visits in 2015. Teladoc and its physicians consistently earn a 95 percent member satisfaction rating or better, and Teladoc is the only telehealth company to be certified by the National Committee for Quality Assurance (NCQA) for its physician credentialing process.
Recognized in June 2015 by MIT Technology Review as one of the "50 Smartest Companies," Teladoc works with health plans, employers, organizations and individuals to provide access to affordable, high-quality health care on-demand. Teladoc is transforming the access, cost and quality dynamics of health care delivery. For more information, please visit teladoc.com, twitter.com/teladoc, facebook.com/teladoc or linkedin.com/teladoc .
About Huntington Ingalls Industries
Huntington Ingalls Industries is America's largest military shipbuilding company and a provider of manufacturing, engineering and management services to the nuclear energy, oil and gas markets. For more than a century, HII's Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. Headquartered in Newport News, Virginia, HII employs approximately 37,000 people operating both domestically and internationally.