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Teladoc Health Joins Amazon's Health Benefits Connector for Cardiometabolic Programs

1. Teladoc partners with Amazon for chronic condition program access. 2. Over 1 million users enrolled in Teladoc's chronic condition programs. 3. Amazon's Health Benefits Connector simplifies enrollment for users. 4. Collaboration aims to enhance consumer healthcare experience. 5. Tailored support addresses chronic disease awareness barriers.

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FAQ

Why Bullish?

The collaboration with Amazon enhances accessibility, potentially increasing enrollment and revenues, similar to past successful partnerships boosting stocks.

How important is it?

The collaboration is crucial for TDOC’s growth strategy, with implications for increased user base and revenue streams.

Why Long Term?

Sustained benefits from partnership growth may positively influence TDOC over time as consumer engagement improves.

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PURCHASE, NY, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Teladoc Health (NYSE: TDOC), the global leader in virtual care, today announced a new collaboration with Amazon to expand access to Teladoc’s industry-leading chronic condition programs. Customers of Amazon that are eligible for Teladoc Health’s diabetes, hypertension, pre-diabetes and weight management programs can now seamlessly discover and enroll in these benefits directly through Amazon’s Health Benefits Connector, previously known as Health Condition Programs. Teladoc Health has more than 1 million active enrollees across its chronic condition programs, which leverage connected devices, data-driven personalization and expert coaching to support sustainable behavior change and improved cardiometabolic health. “This partnership helps deliver on our strategy to bring greater value to our customers in our individual solutions and across our integrated offerings,” said Chuck Divita, Chief Executive Officer of Teladoc Health. “By enabling customers to discover and enroll in our programs on Amazon, this effort will improve access to needed care and help people manage their health in an easier and more convenient way.” More than half of adults in the U.S. live with at least one chronic disease. While many can benefit from digital programs that offer continuous, personalized support, enrollment barriers remain a challenge. In fact, nearly a quarter of U.S. adults say they are unaware of all the benefits available through their health plan. Amazon’s Health Benefits Connector solves this challenge by surfacing eligible benefits to customers when they search for related products or devices. “As Amazon’s program has evolved over the last year, it has established itself as a new and exciting enrollment channel for our members,” said Kelly Bliss, Teladoc Health President of U.S. Group Health. “Amazon’s service gives us new ways to engage members where they are and deliver a seamless enrollment experience.” Teladoc Health’s participation in the program comes as the companies look to collaborate on opportunities focused on putting the consumer at the center of the healthcare experience. “The scale and expertise of our two organizations give us a unique opportunity to strengthen our impact on healthcare together,” said Aaron Martin, Vice President of Healthcare at Amazon. “Building on this relationship, we’re excited to find more ways to advance our collaboration and explore new ways to simplify and improve health solutions for customers.” For more information about Teladoc Health’s chronic condition programs, click here. About Teladoc HealthTeladoc Health empowers all people everywhere to live their healthiest lives by transforming the healthcare experience. As the world leader in virtual care, Teladoc Health uses proprietary health signals and personalized interactions to drive better health outcomes across the full continuum of care, at every stage in a person’s health journey. Teladoc Health leverages more than two decades of expertise and data-driven insights to meet the growing virtual care needs of consumers and healthcare professionals. For more information, please visit www.teladochealth.com. ContactLou SerioPR@TeladocHealth.com

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