Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
LEWISVILLE, Texas, May 19, 2017 -- Teladoc, Inc. (NYSE:TDOC), the undisputed leader in telehealth, announces today that as a result of the new landmark telemedicine bill in Texas, the company will expand its telehealth offering in the state, re-activating its industry-leading video capabilities. Senate Bill 1107 will soon be signed into law, establishing Texas as a national leader in telemedicine and thus marking the close of Teladoc’s six-year legal dispute in the state regarding the proper scope and use of telemedicine.
|
|||||
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/25a8859d-bf72-4dab-9b73-82649f7ba184
“Teladoc undertook the responsibility to preserve access to telemedicine in Texas more than six years ago, and we are gratified to have been the telehealth company invited to collaborate with the Texas legislature and others in the state to accomplish this laudable goal,” said Teladoc CEO Jason Gorevic. “Our commitment to the state and its citizens has never wavered, and we now look forward to reactivating our industry-leading video capabilities and ending our legal dispute in the state of Texas.”
Under this new law a patient-physician relationship can be established without an in-person visit, protecting all forms of telemedicine. Teladoc has operated in the state continuously since 2005; more than 3 million Texans have access to Teladoc, and the company’s more than 2,500 Texas clients include Michaels, Rent-A-Center, and BNSF Railway. In addition to preserving the right to telemedicine, the bill also puts in place a regulatory environment that paves the way to further transform the healthcare experience with future innovation.
Texans stand to benefit considerably from the pending law as Texas faces some of the largest healthcare access barriers in the country, with issues including proximity to doctors’ offices, long wait times and a shortage of doctors and basic medical care resources. Thirty-five counties in Texas have no family physician and Texas ranks 46th among the 50 states in terms of primary care physicians per capita, with only 71.4 PCPs per 100,000 residents. Telemedicine has been an effective tool to help the state begin to overcome these challenges.
“The statistics tell the story – there is a dire need for improved access to care in this country, along with incredible cost-of-care pressures,” said Gorevic. “Nowhere has telemedicine been more thoroughly examined and debated by all stakeholders than in Texas. With the proven benefits that telemedicine has already demonstrated, and the rapidly expanding impact of virtual care, this telemedicine legislation should not only serve as the bellwether for all other states, but should be another indication for the federal government of the proven value of remote care models, benefiting patients across the country and the U.S. healthcare system as a whole. We commend the legislature for recognizing the value of telehealth and acting in favor of progress for Texans.”
For more information on Teladoc’s leading telemedicine and virtual care offerings, visit www.Teladoc.com.
About Teladoc
Teladoc, Inc. (NYSE:TDOC) is the nation’s leading provider of telehealth services and a pioneering force in bringing the virtual care visit into the mainstream of today’s health care ecosystem. Serving some 7,500 clients — including health plans, health systems, employers and other organizations — more than 20 million members can use phone, mobile devices and secure online video to connect within minutes to Teladoc’s network of more than 3,100 board-certified, state-licensed physicians and behavioral health specialists, 24/7. With national coverage, and it’s robust, scalable platform, Teladoc offers the industry’s most comprehensive and complete telehealth solution including primary care, behavioral health care, dermatology, tobacco cessation and more. For additional information, please visit www.teladoc.com.
Contacts: Courtney McLeod Director of Public Relations 914-265-6789 [email protected] Jisoo Suh Director of Investor Relations 914-265-6706 [email protected] Maura Siefring GCI Health for Teladoc 215-837-8450 [email protected]
