Teladoc Health

The Premier Partner Program is set to launch for benefits plans starting in January 2022.  

The new offering combines the app-based models of care from myStrength with Teladoc’s on-demand therapists and psychiatrists.   

The virtual care company disclosed all-time-high revenue and membership growth during 2020, yet offered 2021 projections below what investors anticipated.

In a J P. Morgan virtual talk, CEO Jason Gorevic said the programs have either already kicked off or will be launching later this year.

While the virtual care company maintains its momentum through the pandemic and Livongo merger, it also reported higher-than-expected losses during the quarter.

Also: Livongo leverages Teladoc Health's connections for new business with Florida Blue; Amwell and Tyto Care reinforce partnership with "exclusive integrations."

This week's top stories include two digital health titans merging under the Teladoc name, CMS proposing telehealth changes under Trump's executive order, and dispatches from the Taskforce of Telehealth Policy's virtual town hall.

Each Livongo share will be converted Teladoc stock at a 0.5920 exchange rate, plus an additional $11.44 in cash per stock. 

Although the company's rapid growth has been fueled by COVID-19, new contracts and state-by-state trends have CEO Jason Gorevic confident that telehealth adoption is here to stay.

The company fielded a major spike in demand and now paints a rosy long-term picture for its telehealth business, although its poor EPS disappointed some investors.