Proclaiming Teladoc Health ( NYSE:TDOC ) the Amazon of online health might seem strange at first. After all, Amazon launched Amazon Care in 2019 to offer health services for employees. The company has also purchased an online pharmacy. Given those moves, one might assume that Amazon itself will become the Amazon of online health.
However, Teladoc entered this industry years ahead of Amazon. While a large, well-resourced tech giant could become a competitive threat, Teladoc’s focus on healthcare and its market position could still make it the predominant ecosystem in the healthcare realm. Teladoc has brought disruption, investor gains
Perhaps no industry needs disruption more than healthcare. As of 2018, healthcare spending averaged $11,172 per person in the U.S., accounting for 17.7% of GDP. Complaints about the inefficiencies in the U.S. healthcare system continue to mount. A lack of price transparency also has frustrated patients.
Teladoc has disrupted some parts of the healthcare system with its service, which allows patients to get a virtual online appointment with a doctor 24 hours a day, seven days per week. The company also tells its patients what the consultation will cost and allows doctors to transmit prescriptions to a pharmacy if needed. While a […]
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