‘Most U.S. healthcare consumers have access to virtual urgent care today,’ according to CEO Jason Gorevic
Shares of Teladoc Health Inc. sank after hours Tuesday after the telehealth provider, known for its BetterHelp therapy platform, offered a largely downbeat forecast for the months ahead and warned that the market for virtual-healthcare services is getting saturated.
Shares of Teladoc slid 18% after hours. The stock surged through the pandemic as lockdown restrictions forced more people to interact online, but has since fallen — and the company is now trying to cut costs and boost profits. The company’s integrated-care unit offers medical and mental-health services to employers, hospitals and health-plan providers. Its other segment, BetterHelp, connects patients with therapists online.
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