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Teladoc can recover by looking at what Amazon did 20 years ago, Babylon Health CEO says

With the recent disclosure of its Q2 financial results, Teladoc’s losses have swelled to nearly $10 billion in the first half of 2022. Ali Parsa, CEO of competitor Babylon Health, said Teladoc can look at what Amazon did 20 years ago as an example of how to navigate an unforgiving economic environment, recommending the company reorganize its expenditures to ensure capital is allocated to areas that will differentiate it from its competitors.

Health Tech

Teladoc expands its primary care services to include medication delivery, at-home phlebotomy

Teladoc Health announced Wednesday that it is expanding the services offered under its virtual primary care platform. The new offerings include care coordination support and health plan in-network referrals, as well as same-day medication delivery and on-demand home phlebotomy services. It's unclear how these expanded services fit into the company's strategy to bounce back from its first quarter financial losses and battered stocks.