Teladoc Reports Q1 2016 Virtual Visits Surpass 240,000, Up 61% Year-over-Year

On April 8, Teladoc, the first publicly traded company specializing in online medical consultations, announced that it completed 240,000 virtual visits in the first quarter of 2016, representing a 61% year-over-year increase from nearly 150,000 visits during the same period last year.



Teladoc announced 575,000 visits in 2015, with total revenue of approximately $77 million, representing a 78% increase from $43.5 million in 2014.

Teladoc’s Two Revenue Streams: Subscription fees generated $63.3 million in revenue, while pay-per-visit fees contributed $14.1 million. In January, Teladoc added 870 new clients, 40% of whom were from Fortune Global 500 companies, such as Dell, Monsanto, Panasonic, and DuPont.

Jason Gorevic, CEO of Teladoc, stated, “We are leveraging the byproducts of the PMPM model—robust consumer analytics—to conduct trend analysis. There has been extensive discussion regarding the advantages and feasibility of the PMPM model. We believe these results demonstrate two key points: first, the PMPM model is effective; second, companies participating in Teladoc’s programs are highly efficient.”

In January this year, Teladoc appointed Stephany Verstrate as its Chief Marketing Officer. Previously, Stephany Verstrate served as the Chief Operating Officer at Truveris.

In February this year, the Mississippi Department of Insurance selected Teladoc to provide online consultation services for its 13,000 volunteer firefighters and their families. In the same month, East Jefferson General Hospital signed an agreement with Teladoc to provide telehealth access to residents in the New Orleans area.

Teladoc stated that its financial results for the first quarter of 2016 would be released shortly. VCBeat will continue to provide updates on this matter.

More Teladoc Information:

How Teladoc, the First Publicly Listed Online Consultation Company, Crafted Its Narrative Back Then

[Overseas Internet Healthcare Startup Case] A Deep Dive into the Strategic Layout of Teladoc, the First Publicly Listed Online Consultation Company

Teladoc, the First Online Consultation Company to File for an IPO, Discloses Revenue Data with Over 10 Million Members