Teladoc Inc. Business Analysis

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Teladoc Inc: Company Profile

Teladoc Inc. is a leader in telehealth technology in the United States and primarily operates in the health care market domain. Telehealth is advanced health technology that utilizes electronic information and telecommunication technology to extend the reach of patient care. Teladoc Inc. was founded by George Byron Brooks in 2002 with a vision to improve access to high quality health care at minimal cost to consumers (Teladoc, 2017). The company provides a robust telehealth platform that supports the use of mobile devices, the Internet, video, and phone to seamlessly connect physicians with patient on a secure network. The products and services offered by Teladoc are in compliance with the Health Insurance Portability
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Teladoc operates on a virtual platform, which means that the potential to expand beyond national borders is very achievable in the future. The global telehealth market is expected to reach $66,606 million by 2021 (Mordor Intelligence, 2017). Growth in the telehealth market is fueled by technological innovation, an increased use of patient monitoring, and an increase of chronic diseases that require long-term follow-up (Mordor Intelligence,…show more content…
The U.S health care system consists of subsystems of health care delivery to include managed-care, military, special populations, integrated delivery, long-term care delivery, and public health (Shi & Singh, 2013, p. 7-10). The U.S. health care delivery system involves multiple players to include physicians, health administrators, insurance companies, large employers, and the government. Each player in the health care system seeks to protect their own economic
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