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Teladoc (TDOC) Introduces Telemedicine Services in Canada
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Teladoc Health (TDOC - Free Report) recently announced the launch of Teladoc Telemedicine Services, with the help of which, Canadians can enjoy 24*7 seamless, high-quality medical care in any location across the country. This offering, which happens to be the first of its kind, directly addresses the issues relating to healthcare accessibility that Canadians face on a daily basis, mainly due to overcrowded emergency rooms, lack of physicians, long waiting times, et al. These problems have been constant in both rural as well as urban areas.
With the launch of Teladoc Telemedicine Services, Canadians will now be able to get the appropriate healthcare solutions whenever and wherever they need. Moreover, employers can help address the healthcare-related productivity issues that they have been dealing with. Per Statistics Canada, around 5 million Canadians over the age of 12 do not have access to a regular care provider. Also, the ones having access to the same face difficulty in getting same-day or next-day appointments. While majority of physicians work in urban hubs, only 8% take care of the rural areas. Due to this, patients either skip care or see a physician via emergency room visits, while employers have to deal with the impact of absenteeism. This results in a loss of $16.6 billion for the Canadian economy on an annual basis.
The Teladoc Telemedicine Service enables patients to connect with a licensed doctor who speaks the patient’s choice of French or English and can provide immediate medical solutions. With the help of its mobile app, patients can get necessary treatments for common conditions such as allergies, cold and flu, pink eye, and urinary tract infections, etc.
The launch of telemedicine services is yet another advancement of the company’s efforts to enrich and modernize healthcare experience for patients, with the primary focus on providing them with real-time solutions. This step will enrich Teladoc’s current portfolio of expert medical and mental health services that are accessible by major employers and health insurers across the country.
In addition to Canada, Teladoc Telemedicine Services are also accessible in the United States.
Shares of this Zacks Rank #4 (Sell) company have rallied 33.2% in a year’s time, outperforming its industry’s growth of 16%.
Anthem and its subsidiaries operate as a health benefits company in the United States. In the last four quarters, the company delivered average positive surprise of 7.1%. It flaunts a Zacks Rank #1.
Centene operates as a diversified, multi-national healthcare enterprise in the United States. The company, which has a Zacks Rank of 2 (Buy), came up with average earnings surprise of 4.99% in the trailing four quarters.
WellCare Health offers managed care services to government-sponsored health care programs. The company pulled off average positive surprise of 15.43% in the preceding four quarters. The stock is a Zacks #2 Ranked player.
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This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
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Teladoc (TDOC) Introduces Telemedicine Services in Canada
Teladoc Health (TDOC - Free Report) recently announced the launch of Teladoc Telemedicine Services, with the help of which, Canadians can enjoy 24*7 seamless, high-quality medical care in any location across the country. This offering, which happens to be the first of its kind, directly addresses the issues relating to healthcare accessibility that Canadians face on a daily basis, mainly due to overcrowded emergency rooms, lack of physicians, long waiting times, et al. These problems have been constant in both rural as well as urban areas.
With the launch of Teladoc Telemedicine Services, Canadians will now be able to get the appropriate healthcare solutions whenever and wherever they need. Moreover, employers can help address the healthcare-related productivity issues that they have been dealing with. Per Statistics Canada, around 5 million Canadians over the age of 12 do not have access to a regular care provider. Also, the ones having access to the same face difficulty in getting same-day or next-day appointments. While majority of physicians work in urban hubs, only 8% take care of the rural areas. Due to this, patients either skip care or see a physician via emergency room visits, while employers have to deal with the impact of absenteeism. This results in a loss of $16.6 billion for the Canadian economy on an annual basis.
The Teladoc Telemedicine Service enables patients to connect with a licensed doctor who speaks the patient’s choice of French or English and can provide immediate medical solutions. With the help of its mobile app, patients can get necessary treatments for common conditions such as allergies, cold and flu, pink eye, and urinary tract infections, etc.
The launch of telemedicine services is yet another advancement of the company’s efforts to enrich and modernize healthcare experience for patients, with the primary focus on providing them with real-time solutions. This step will enrich Teladoc’s current portfolio of expert medical and mental health services that are accessible by major employers and health insurers across the country.
In addition to Canada, Teladoc Telemedicine Services are also accessible in the United States.
Shares of this Zacks Rank #4 (Sell) company have rallied 33.2% in a year’s time, outperforming its industry’s growth of 16%.
Stocks to Consider
Investors interested in the medical sector can take a look at some better-ranked stocks like Anthem Inc. , Centene Corporation (CNC - Free Report) and WellCare Health Plans, Inc. . You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Anthem and its subsidiaries operate as a health benefits company in the United States. In the last four quarters, the company delivered average positive surprise of 7.1%. It flaunts a Zacks Rank #1.
Centene operates as a diversified, multi-national healthcare enterprise in the United States. The company, which has a Zacks Rank of 2 (Buy), came up with average earnings surprise of 4.99% in the trailing four quarters.
WellCare Health offers managed care services to government-sponsored health care programs. The company pulled off average positive surprise of 15.43% in the preceding four quarters. The stock is a Zacks #2 Ranked player.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>