Using telehealth as a substitute for an in-person doctor visit comes with risks. If used incorrectly or negligently, it has enormous potential to lead to an injury or worsened patient condition and medical malpractice lawsuits for providers.
Anthem Blue Cross and Blue Shield in Connecticut has announced that its virtual primary care service is now available to some of its more than 1 million members in the state.
A day after Bank of America lowered its price target on Teladoc Health (TDOC -5.0%) by as much as a third, Piper Sandler has followed suit. Citing a bleak outlook for the company's Chronic Care Enrollments in Q1 2022, the analyst Sean Wieland lowered the per share target on the telehealth provider to $108 from $118 to indicate a premium of ~45% to the last close.
The new proposed Telehealth Extension and Evaluation Act asks for a "two-year extension of telehealth services following the COVID–19 emergency period" allowing medical practices to continue using video visits and be reimbursed for doing so until 2023.
Amazon is rolling out its telehealth service, known as Amazon Care, nationwide, the company announced Tuesday. Amazon Care launched in 2019 as a pilot program for employees in and around the company's Seattle headquarters.
With the onset of the pandemic in March 2020, telemedicine offered the majority of care being delivered, particularly during the mandated shutdowns happening in places such as Philadelphia.