Teladoc Adds New Health System Clients, Achieving 2017 Growth in Excess of 100%
Comprehensive Telehealth Solution Tailored to Address Diverse Business Needs Fuels Expansion
PURCHASE, NY – December 4, 2017 – Teladoc, Inc. (NYSE:TDOC) the world's largest and most trusted provider of virtual care delivery services, today announced record growth of greater than 100% in the hospital and health system market. The company now supports more than 200 hospitals, more than doubling its total in 2017. With the industry's only fully configurable solution backed by comprehensive operational support, Teladoc is successfully partnering with facilities across the United States to address diverse needs including increased financial pressure, requirements to improve care outcomes and changing consumer expectations.
"Hospitals and health systems are under tremendous operating pressures, particularly as the industry shifts more toward value-based care and they seek to meet the care needs of new populations," explained Alan Roga, M.D., president, health system market, Teladoc. "A significant strength and advantage of the Teladoc solution is that it is tailored specifically to support health systems as they expand and innovate their approach to care delivery."
A recent survey revealed that 83% of health systems rated telehealth as a high-priority initiative. Further, 80% of telehealth programs in the health systems market have been in place less than three years, and 69% of those that are already using it have plans to expand their use. This rapid acceleration of demand is anticipated to further drive Teladoc's growth.
Among the numerous organizations across the country that have selected Teladoc this year are Mount Sinai, New York; Jefferson Health, Philadelphia; Mercy Health Network, Des Moines, IA; Parkview Health, Fort Wayne, Ind.; Wellspan Health, York, Pa. and Orlando Health, Orlando.
"Orlando Health is investing in this new technology from Teladoc in order to address the ever-changing healthcare environment, including the anticipated increase in consumer demand for new ways to access their healthcare," said Greg Ohe, Senior Vice President, Orlando Health. "Initially, we will work with select Central Florida patient populations to provide patients with virtual care solutions via smart phone or computer. Teladoc's customizable technology platform and incredible operational team support provide for us a unique benefit that is tailored to meet the needs of our physicians, our patients and our community."
For more information on Teladoc's solution for hospitals and health systems, including its unmatched operational infrastructure for end-to-end service and support, visit https://www.teladoc.com/businesses/health-systems/.
About Teladoc, Inc.
Teladoc, Inc. (NYSE:TDOC) is the world's largest and most trusted provider of virtual healthcare delivery services. Recognized by MIT Technology Review as one of the "50 Smartest Companies", Teladoc is forging a new healthcare experience with better convenience, outcomes and value. The company provides virtual access to high quality care and expertise with a portfolio of services and solutions – inclusive of coverage of 450 medical subspecialties –that spans the spectrum from non-urgent, episodic needs like flu and upper respiratory infections, to chronic, complicated medical conditions like cancer and congestive heart failure. By marrying the latest in data and analytics with its award-winning user experience and highly flexible technology platform, Teladoc has delivered millions of medical visits to patients around the globe. For additional information, please visit www.teladoc.com.