TDOC

Teladoc Health (TDOC) rolls out a new telemedicine solution to address mental health issues of Canadian employees.

Teladoc Health also receives coveted NLA endorsed partner distinction PURCHASE, NY, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Teladoc Health (NYSE:TDOC), the global leader in virtual care, has received the endorsed partner

Teladoc (TDOC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Teladoc ([[TDOC]] -2.7%), Zoom Video Communications ([[ZM]] -2.5%) and DocuSign ([[DOCU]] -3.4%), all benefiting from a spike in demand for remote access services during the pandemic, are experiencing mild profit-taking

Teladoc Health (TDOC) announces launch of Mental Health Care, its new telemedicine service enabling employees to count on convenient, stigma-free access to high-quality psychiatrists, psychologists and therapists from the convenience of

Wider cross-segment of population is addressing mental health through virtual care Notable shifts in diagnoses include men with higher rates of family and relationship issues; women with increases in substance abusePURCHASE, NY, Oct. 21, 2020 (GLOBE NEWSWIRE) -- Teladoc Health (NYSE: TDOC) has released findings from its latest mental health data highlighting how the persistent issues of 2020 – including the economic, health, environmental and societal crises – are impacting the mental health of Americans, and showing how virtual care is stepping up to meet the growing need.While there are consistencies with previously published studies demonstrating surging demand for mental health services among Gen Z and Millennials, use of Teladoc Health’s mental health services are now also being used at record rates by groups who have not been known for embracing mental health care in the past.Virtual mental health care use broadens across ages, genders and socioeconomic backgroundsWomen have long been a mainstay of mental health visits, but total mental health virtual care visits for men have been outpacing women both in year-over-year growth and 2020 monthly growth, up 79% since January vs 75%1, for women. In addition, while Gen Z has seen the largest year-over-year growth rate, now accounting for 14% of total mental health visits, all age groups have been seeking mental health care at an increased rate. Especially notable are patients over 65, who have seen their visits increase 16% since June.Additionally, a previously underserved demographic for mental health – the Medicaid population – is seeing significant growth, with the number of Medicaid members with access to Teladoc mental health telemedicine services more than doubling year-over-year. Many of these individuals are among those with significant and chronic medical issues, unmet health needs and the most likely to have been hit hard by the recent pandemic.“The stress of the pandemic and the social issues we’ve been experiencing have led to  a dramatic increase in people reaching out and seeking timely mental health support,” said Dr. Gustavo Kinrys, VP Teladoc Mental Health. “In parallel with this surging need, we’re witnessing growing comfort with virtual care, especially among older adults, giving many individuals who may not have sought mental health care in the past an extraordinary opportunity to put themselves on the right path to better health.”Diagnoses shift as health, economic and social issues persist While the current social environment has had a profound impact on the need for mental health, it has also driven shifts in the types of diagnoses being made. As people spend more time at home and without their typical support groups, diagnoses are changing in some expected and some unexpected ways. * Men are seeking care at a higher rate for family and relationship issues than women, with year-over-year visits up 5.5X among men versus 4.2X among women. 2 * Growing rates of alcohol and substance abuse are being noted in women, who now make up 38% of those diagnosed compared with 24% in 2019. 3 * Gen Z and Millennials continue to face growing anxiety issues, now comprising 58% of anxiety and adjustment anxiety disorders diagnoses since March, compared to 53% for the same diagnoses the year prior.4 “What’s particularly difficult for everyone right now, but specifically for the younger generations, is that there is no clear end game,” explained Dr. Kinrys. “However, we know that getting the mental health care at the right time can have a significantly positive impact on individuals, and it’s our hope that by having multiple avenues of support people will find the courage to reach out, to talk, and to get the help that they need, on their terms.”For more information, please visit https://go.teladochealth.com/2020-world-mental-health-day/ About Teladoc Health Teladoc Health is transforming how people access and experience healthcare. Recognized as the world leader in virtual care, Teladoc Health directly delivers millions of medical visits across 175 countries each year through the Teladoc Health Medical Group and enables millions of patient and provider touchpoints for thousands of hospitals, health systems and physician practices globally. Ranked Best in KLAS for Virtual Care Platforms in 2020, Teladoc Health leverages more than a decade of expertise and real-time insights to meet the growing virtual care needs of consumers, healthcare professionals, employers and health plans. For more information, please visit teladochealth.com or follow @TeladocHealth on Twitter.Media Contact:Christopher Thonis Golin 303-818-2170 cthonis@golin.comCourtney McLeod Director of Communications  914-265-6789 cmcleod@teladochealth.com __________________________________________ 1 Teladoc mental health visit data from 2019 and 2020. 2,3,4 Teladoc Year-Over-Year Data from March – July 2020 compared to March – July 2019.

New service expands suite of Teladoc Health offerings available to Canadian employersTORONTO, Oct. 21, 2020 (GLOBE NEWSWIRE) -- Teladoc Health (NYSE: TDOC) announced today the launch of Mental Health Care, its new telemedicine service enabling employees to count on convenient, stigma-free access to high-quality psychiatrists, psychologists and therapists from the convenience of their phone, web or mobile app. In addition to expanding the breadth of mental health offerings available from Teladoc Health, the new service also creates the first telemedicine solution to offer both general medical and mental health care from the same platform, enabling a more holistic and seamless approach to care. As has been widely reported, COVID-19 has accelerated the need for mental health support, creating more demand than ever before. In a May 2020 study commissioned by Teladoc Health, it was found that half of Canadian respondents reported their mental health was negatively impacted by the COVID-19 pandemic, and 62 per cent of respondents reported they would be comfortable using telemedicine for mental health support. The availability of Teladoc Mental Health Care is coming at a time when employers are expanding their offerings with nearly 40 per cent reporting their employers have added mental health resources.“COVID-19 has presented unforeseen and widespread challenges across all ages and demographics,” said Dr. Tim Foggin, Canadian Medical Director, Teladoc Health. “With our Mental Health Care service, Teladoc Health continues to remove barriers and providing easy access to care so employees can feel comfortable getting the confidential help they need, and employers can have the confidence to say they are providing the right resources.”The World Health Organization recognized depression as one of the leading causes of disability worldwide and, coupled with anxiety, costs the global economy about $1 trillion a year in lost productivity, underscoring the need for mental health support. In an October 2019 study commissioned by Teladoc Health, over half of respondents agreed that they would be more productive at work if there was more mental health support, which works to reduce absenteeism in the workspace. The survey found that mental health challenges are extremely common, showing that 61 per cent of respondents said that symptoms have affected their job performance.With Mental Health Care, Teladoc Health has licensed psychiatrists, psychologists and therapists available quickly, no matter where the member lives and allows members to have multiple sessions with the same clinician. On average, patients can wait between three to nine months to receive mental health support. With Teladoc Health, members have 24-7 access to the app and an average of 5-day lead time to book appointments. Teladoc Health offers more scheduling options and availability beyond traditional in-person visit limitations. The convenience of virtual therapy allows for secure, discreet and confidential appointments, making treatment possible for people who feel they are more comfortable in a controlled space or with limited available time.The Mental Health Care launch builds on the success of Teladoc Health’s mental health footprint in Canada with their Mental Health Navigator and disability products. Overall, with Teladoc Health’s mental health services, employers are seeing an average of 52 per cent improved presenteeism and 5.35 days of absence saved.For more information, visit https://go.teladochealth.com/2020-world-mental-health-day-CA/About Teladoc Health A mission-driven organization, Teladoc Health, Inc. is successfully transforming how people access and experience healthcare, with a focus on high quality, lower costs, and improved outcomes around the world. With more than 2,400 employees, the organization delivers care in 175 countries and in more than 40 languages, including for more than 9 million Canadians who benefit from integrated services inclusive of telehealth, mental health, expert medical services, and AI and analytics. For more than 20 years, starting with Best Doctors, Teladoc Health has had operations in Toronto and been partnering with employers, insurers, and hospitals & health systems, to transform care delivery. For more information, please visit www.teladochealth.ca or follow @TeladocHealth on Twitter.Media Contacts: Kyle Denton Golin Canada 647-917-6984 kdenton@golin.comCourtney McLeod Teladoc Health 914-265-6789 cmcleod@teladochealth.com