On May 30, 2021, Illinois lawmakers passed House Bill 3308 (“HB3308” or the “Bill”) aimed at expanding the use of telehealth services in the state. The Bill would increase access and coverage to telehealth by establishing payment parity for behavioral health and substance abuse services and by establishing a panel to study payment parity for all telehealth services.
The shares of telehealth providers Teladoc (TDOC) and American Well (AMWL) came under pressure in reaction to news that Amazon (AMZN) was planning to expand its telehealth offering.
Amazon and Walmart are both making noises of entering the healthcare field. Will these retailing giants try to build up their healthcare offerings from scratch? Or will they try to acquire existing businesses in the space? In this Fool Live clip, recorded on May 14, Corinne Cardina, bureau chief of healthcare and cannabis for Fool.com, and Motley Fool contributor Taylor Carmichael discuss whether or not Teladoc Health, the leading player in the telehealth field, might be an acquisition candidate.
Gov. Ducey this month signed House Bill 2454, which aims to dramatically expand the use of telemedicine in Arizona and provide greater opportunities for accessible healthcare services. The Bill will make telemedicine exceptions provided to Arizona residents through Executive Order 2020-15 permanent.
The COVID-19 pandemic has revolutionized the telehealth sector -- and its momentum is not going away, even as life returns to normal. According to market surveys, 76% of patients are now comfortable using telehealth, compared to less than 15% before the pandemic.
Teladoc has seen its definitive breakthrough in 2020 as a result of the pandemic. This major event has furthermore been complemented by the purchase of Livongo Health, creating a huge medtech leader, which is properly positioned for the future. Despite these achievements, shares have recently lost half their value and have not moved up much at all since the start of the pandemic, as all of this improved appeal.