Teladoc Reports Another Quarter of High Revenue Growth With A Net Loss

Teladoc Inc. reported its second quarter earnings on Wednesday, showing revenue of $94.6 million during the three months that ended June 30. For the year, Teladoc has brought in $184.2 million, up from $87.5 million at this point last year. The growth is a combination of recent acquisitions—as noted in my story here—and organic growth, which came in at 39 percent for the second quarter. It continues to operate at a loss, taking a $25.2 million hit during Q2—compared to a net loss of $15.4 million during the same period last year. Another thing of note in those earnings: Teladoc… Full Story

Consulting Firm Calls Texas One of A Dozen States With Restrictive Telehealth Policy

Texas put more relaxed telehealth rules in place last year, but the state still has some of the most restrictive policies in the U.S., according to findings from a new survey by legal and consulting firm Manatt. The firm conducted a 50-state survey of state laws and Medicaid program policies, grouping the states into three classifications: progressive, moderate, and restrictive. Texas is one of a dozen states that Manatt found to be restrictive. The others: Arkansas, Georgia, Massachusetts, Maryland, North Carolina, North Dakota, New Hampshire, Ohio, Pennsylvania, Rhode Island, and South Carolina. Manatt examined each state by six categories. Here’s… Full Story

Teladoc Filing Gives A Sense Of The Size Of The Company Following Recent Acquisitions

A new regulatory filing from Teladoc sheds light on the company’s rapid growth following a couple recent acquisitions. The telemedicine pioneer disclosed financial statements on Monday that show new acquisition Advance Medical-Healthcare Management Services brought in $18.5 million during the first quarter. That goes with Teladoc’s first quarter revenue of $89.6 million to create a combined first quarter revenue of $108.1 million. The company brought in $42.9 million during the same quarter last year. Teladoc now stations its top executives in Purchase, New York, but its second corporate office remains nearby in Lewisville, where the company was founded in 2002.… Full Story

Short-distance Falls Are Taxing ERs, Presenting An Opportunity To Innovate

When I sat down recently with Texas Health Fort Worth CEO Joseph DeLeon—consider that your not-so-sly teaser—he said an interesting thing I couldn’t quite find space for in the resulting piece. He said that trauma resulting from short-distance falls are the highest-growth type of ER visit they see. That relates, of course, to the aging population. It also presents a problem the open market is, in various forms, trying to solve. Take the Fort Worth company MedHab, which has an alert system geared at seniors that adds a little bit of FitBit flair. Meredith McGrath recently profiled the company’s wearable… Full Story

Irving-based HMS Settles $60 Million Breach of Contract Verdict for $20 Million

Irving-based HMS Healthcare has settled litigation with the founders of a business it bought in 2010, agreeing to pay plaintiffs Dennis Demetre and Lori Lewis $20 million. In November, a New York jury ruled in favor of Demetre and Lewis’ breach of contract claim, awarding the two $60 million in damages. HMS had filed a post-trial motion for an order granting it judgment notwithstanding the verdict or to set aside the award of damages, according to the most recent quarterly report of HMS-parent HMS Holdings. The two sides signed the settlement on June 27, and HMS—which surpassed $500 million in… Full Story

Home Health Tech Company Axxess Gets Best Places To Work Nod

Home healthcare tech company Axxess grabbed a spot on Computerworld‘s Best Places to Work in IT list and appeared on a couple of the list’s categorical top 10s. It came in at No. 1 for diversity and No. 7 for retention. All things considered, the Dallas-based firm registered No. 2 among small-sized firms. Axxess provides software and services for the home health sector, touching more than two million patients in North America. “We are gratified to be recognized for our continuing commitment to a culture that allows our engineers and everyone else in our company to thrive,” said John Olajide,… Full Story

Amid News That Others Like It Have Struggled, DFW’s Lone Proton Therapy Center Says It’s Viable, With Room For Growth

Coming up on three years since it first started treating patients, the Texas Center for Proton Therapy has administered proton beam therapy to 1,000 people. It’s a rate that’s kept the $105 million facility financially viable, even as it seeks to take on higher volumes moving forward, the center says. “I think patient volumes have been pretty consistent with what I was expecting coming in,” says Dr. Andrew Lee, who heads the facility. “This is not my first proton center. Just personally, I’ve been very pleased and honored to be part of the team that’s brought proton therapy to the… Full Story

Dallas-based Compass Professional Health Services Acquired

Compass Professional Health Services has been acquired by Alight Solutions, the two sides announced on Wednesday. Dallas-based Compass Health Services builds technology-fueled products that help everyday consumers navigate healthcare, contracting with employers to reach their employees. Compass, which has about 250 employees of its own, will continue to be based in Dallas and will be led by existing President Adam Johnson. CEO Scott Schoenvogel will not be with the company following the deal, Chief Marketing Officer Peter Hegi tells me. Employee count here is not expected to be impacted in the short-term but could grow incrementally over time, Hegi says.… Full Story

Concentra Expands Telemedicine Platforms To Reach A Dozen States

Concentra has expanded its telemedicine platforms, including its tele-rehabilitation offering, to 12 states. The Addison-based company, which is the largest occupational medicine provider in the U.S., caters the platforms to injured employees of workers’ compensation plans. Concentra announced the expansion on Monday. For those who read my telemedicine column in May, this will act as an update—Concentra is the lead in that story. It has dealt with red tape in its efforts to expand telemedicine around the country, as the laws that govern the industry can vary pretty significantly from state to state. Of note: Concentra telemed is yet to… Full Story

With A New State Law In Place, DFW Is Gearing Up For Telemedicine Expansion

Three years ago, Addison-based Concentra Occupational Health watched as Nevada joined other U.S. states in adding a telemedicine parity law. Such laws say that private insurers have to reimburse telemedicine visits the same way they do in-person visits. Nevada’s rule even specifically mentioned workers’ compensation, a key for Concentra. The shifting regulatory environment in that state and elsewhere would eventually provide reason enough for Concentra to enter the market, introducing a telemedicine product in 2017. A Concentra executive told me that it’s been well-received, prompting the company to expand within the telemed arena. The company provides workers’ compensation injury care… Full Story