1 Red Flag for Teladoc's Future
During the early days of the pandemic in the U.S., Medicare members rapidly adopted telehealth as the Trump administration relaxed regulations. The number of members receiving telehealth increased from 11,000 in early March to 1.3 million in mid-April, more than an 11,000% increase. Investors in telehealth companies have reaped the benefits as utilization has grown.
The growth may have been more widespread than many realized. A survey of providers raises some questions about whether vendors such as Teladoc (NYSE: TDOC), Amwell (NYSE: AMWL), and MDLive are top of mind, or if brands, and stocks, with more consumer awareness like Microsoft (NASADQ: MSFT) Teams and Zoom (NASDAQ: ZOOM) are benefiting more from the sudden growth.
Image source: Getty Images.
Source Fool.com
