The industry that is increasingly involved in the Internet revolution is the medical industry. Considering the advances in virtual healthcare, potential patients can now online with the doctor, consultations and get the recommended treatment plan. While virtual healthcare cannot replace everyone in a physician’s visit, many can consult with a significant amount of time and money by taking advantage of virtual healthcare.
Telemedicine is on its way to mainstream acceptance.
Teladoc already has a 75% market share in the industry.
Revenues and customer numbers are growing quickly.
TelaDoc (NYSE: TDOC) is the company with the dominant market share in this industry, probably about 75%. TelaDoc offers customers a compelling value. TelaDoc system with general consultation with a physician community is verified by a lower cost of $ 40. It is a significant financial savings for the patient, as a bureau to visit a traditional physician often for $ 130. Unlike a GP home, patients can use Teladoc medical 24 hours / day, 7 days / week the set begins to start.
In most cases, the patient gets a diagnosis and, if necessary, a prescription is sent to the pharmacy of the patient. While a patient cannot get a particular physician of his choice, they benefit from time savings, as the average call time is only about 8 minutes. A flexible schedule allows patients to see a doctor without getting rid of work, which is a great selling point for employers, who often cover the health insurance costs of employers.
TelaDoc also attract investors in the Fund. In the first quarter of 2017, sales rose to $ 123.2 million in 2016 by an incredible 59.5% to nearly $ 42.9 million in sales. Membership also increased by 43% last year, to EUR 17.5 million. Despite this large growth rate, TDOC has market capitalization still under $ 2 billion during this publication. Investors can buy at relatively early on, and the price is only slightly higher than the closing price of $ 28 IPO two years ago. After falling below $ 10, the price recovered and ended for a maximum of 52 weeks. Institutional investors have come to the knowledge. The company received $ 50 million in debt financing from the Silicon Valley Bank in July 2016.
More recently, in March, Tiger Globe’s management and 9.03% stake in TelaDoc took over. Tiger was led by Chase Coleman, an experienced investor in the internet industry, early investing in companies such as Facebook made (NASDAQ: FB), Amazon (NASDAQ: AMZN) and Priceline (NASDAQ: PCLN). The main negative in the financial statements is the net loss of TelaDoc, although the improvement of finance. After losing $ 2.91 / share in 2015, losses fell by $ 1.75 / share in 2016, and are expected to improve later.