Could Teladoc Health Be a Millionaire-Maker Stock?
The coronavirus pandemic has made telehealth a timely topic. Patients are being encouraged by prominent health experts and government officials to access advice from healthcare professionals via telephone or video chat rather than in-person, when possible, in order to slow the spread of COVID-19.
People are heeding that advice. On Tuesday, Teladoc Health (NYSE: TDOC), the industry's global leader and the only publicly traded company focused on virtual healthcare, said that it's "now routinely providing in excess of 20,000 virtual medical visits per day in the United States, representing an increase of over 100% as compared to the first week of March."
The global spotlight on telehealth has lit a fire under Teladoc stock, which has surged 107% in 2020 through Friday, April 17. The S&P 500 (including dividends) has dropped about 15% over this period.
Source Fool.com
