Teladoc (TDOC), App Unveils to Simplify Whole Person Care
Teladoc Health, Inc. TDOC recently released a comprehensive digital app which promises personalized care and can cater to all aspects of individual healthcare needs. A select group of clients can now access the app starting in January. The app will then be available to all customers by the end 2023.
The new solution makes it possible for consumers to access Teladoc Health’s comprehensive services suite, including primary care, mental and chronic condition management services through a single platform.
The app integrates comprehensive healthcare services digitally within a 24/7 engagement platform. This then converts real-time patient and clinician data into applied health signals.
The app allows consumers to seamlessly navigate eligible services and then evaluate diversified physician-based integrated health care plans that address their socioeconomic, physical, and mental needs.
Also, the app will have access to Teladoc Health’s extensive services suite in English as well as Spanish. The decision to make the services available in Spanish is a well-timed move on TDOC’s part, considering the sizable Spanish-speaking population in the United States.
The latest app launch reinforces Teladoc Health’s sincere efforts to make use of clinical and digital solutions that perfectly align with market needs for providing whole-person care. Virtual care is on the rise, as evidenced by the COVID epidemic. TDOC research shows that 60% of consumers prefer virtual care to avoid ineffective coordination.
Teladoc Health has an effective telehealth platform to address the high demand for virtual healthcare. It was built using advanced technology, partnerships with established healthcare providers, and significant investments. It still launches whole-person virtual healthcare solutions, which are often enriched with lucrative features.
Teladoc Health launched a new chronic condition management system called Chronic Care Complete last year. This allows individuals with multiple chronic conditions to receive whole-person care.
Shares of Teladoc Health have lost 42.2% in the past six months compared with the industry’s 10.1% decline.
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Zacks Rank & Key Picks
TDOC currently has a Zacks rank #3 (Hold).
Here are some stocks that rank higher in the Medical sector. STAAR Surgical Company STAA, Lantheus Holdings, Inc. LNTH Merit Medical Systems, Inc. MMSI each with a Zacks rank #2 (Buy). You can also see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
STAAR Surgical’s earnings surpassed estimates in each of the last four quarters, the average being 61.05%. The Zacks Consensus Estimate for STAA’s 2023 earnings indicates a 16.9% rise, while the same for revenues suggests an improvement of 24.5% from the respective prior-year estimates. The consensus mark for STAA’s 2023 earnings has moved 5.1% north in the past 60 days.
Lantheus’s bottom line surpassed estimates in each of its four previous quarters. Its average of 51.09% was the average. The Zacks Consensus Estimate for LNTH’s 2023 earnings indicates a 10% rise, while the same for revenues suggests an improvement of 11.9% from the respective prior-year estimates. The consensus mark for LNTH’s 2023 earnings has moved 0.2% north in the past 30 days.
Merit Medical Systems’ earnings outpaced estimates in each of the trailing four quarters, the average being 25.35%. The Zacks Consensus Estimate for MMSI’s 2023 earnings indicates a 9.9% rise, while the same for revenues suggests an improvement of 4.8% from the respective prior-year estimates. MMSI saw one upward revision to its 2023 earnings estimates, while there was no downward revision in 60 days.
In the last six months, Merit Medical Systems shares have gained 29.9%. STAAR Surgical shares and Lantheus stock have both lost 26.5% & 22.5% in the same period.
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