Teladoc Health
The suit claims Teladoc, CEO Jason Gorevic and CFO Mala Murthy made misleading statements or failed to disclose that increased competition was affecting its BetterHelp mental health segment and its chronic care business.
The virtual care giant reported a $6.7 billion loss in the first quarter, driven by a non-cash goodwill impairment charge related to its 2020 Livongo deal.
Also: Mental health-focused Spring Health hires Todd Hill from Headspace Health, Teladoc Health appoints Dr. Vidya Raman-Tangella as chief medical officer and WellSky appoints Dale Zurbay chief growth officer.
The virtual care giant said the latest offering was accelerated by its merger with Livongo in 2020.
2022 Look Ahead
More payers launched virtual-first plans, insurtechs went public, and the digital mental health space brought in plenty of funding dollars this year.
2022 Look Ahead
After another rough year for the healthcare system, startups are using the growth of virtual care to manage chronic conditions and expand primary care.
The resignation comes a week after the company announced its cofounders were leaving their roles.
The plan, built with Trustmark Health Benefits, is centered on Teladoc’s primary care offering, recently made available to payers.
Teladoc is pitching the expanded service as a way to improve primary care access.
Their integrated offering allows hospitals to conduct remote patient monitoring with limited clinical resources.