Teladoc, Inc. (NYSE: TDOC) was founded on June 13, 2002 and is headquartered in Dallas, Texas, with 670 full-time employees (3/31/2017). It is the first and currently largest telemedicine platform in the United States (Telehealth Platform), through mobile devices, Internet, video and phone to provide customers with medical health and health services anytime, anywhere.
Teladoc was established in Texas, USA on June 13, 2002, and was reorganized as a Delaware company on October 16, 2008. The company currently serves more than 4,000 employers, health plans, health systems, and others. Entity provides services. Among the Fortune 1000 companies in the world, 160 are Teladoc customers, such as Bank of America , Royal Dutch Shell , Pepsi , Accenture, etc.
Teladoc is a telecare company that provides on-demand health care through mobile devices, the Internet, video and telephone. Its solutions are directly connected by physicians, health professionals, medical service providers and users to provide a wide range of acute diagnosis, such as upper respiratory tract infections, urinary tract infections, sinusitis, skin diseases, anxiety, smoking cessation and other conditions and cases. The company’s solutions provide employers, healthcare planning and healthcare systems that can remotely connect on-demand healthcare. Its platform provides members to connect physicians, clinical plans, user contract strategies, and extensive interconnectivity between healthcare. Solutions include remote monitoring of patients, compliance with treatment planning after discharge, home and chronic care.
Teladoc’s customers include intermediaries, distributors and consultants and other channel partners, covering large, medium and small enterprises. Competitors include MDLIVE, Inc., American Well Corporation and Doctor on Demand, Inc.
As of March 31, 2015, Teladoc has more than 11 million members. All members only need to pay a cost of $40/time to enjoy the company’s 7*24 hours of service at any time. The average time for each company’s medical assistance is about 10 Minutes, in 2014 alone, the company achieved remote medical diagnosis for 300,000 people.
Teladoc’s solution is realizing the dynamic changes in the access, cost and quality of medical services through all its market participants. Members can use Teladoc to realize the interconnection with doctors and experts at any time and provide on-demand health care. Therefore, employers, health plans, health systems, and customers who have purchased Teladoc’s solutions can all achieve convenient, affordable, and high-quality medical services while reducing healthcare expenditures. The success and popularity of the model can be seen from the company’s over 95% customer satisfaction rate in the past 6 years and the company’s compound annual growth rate of 104%.
Teladoc (TODC) investment:
Teladoc submitted the prospectus on 5/29/2015 and listed on the New York Stock Exchange on 7/1/2015. The issue price was US$19.00. It issued 8.25 million shares and raised US$156,750,000.00. The stock code: TDOC.
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