Teladoc Health Inc. (NYSE:TDOC) shares are trending Wednesday as investors take a fresh look at the company.
- Teladoc Health stock is trending lower. Why is TDOC stock retreating?
The Walmart Partnership
According to Stocktwits, investors are zeroing in on Teladoc’s partnership with Walmart as a key driver of renewed interest in the stock. In May, Teladoc announced its services are now available through Walmart’s Better Care Services platform, expanding access to convenient, affordable virtual care for customers. The collaboration brings Teladoc’s suite of offerings, including virtual urgent care, dermatology and nutrition services, to customers seeking both insured and cash-pay options.
For a cash-pay price of $89 per visit, Walmart customers can access Teladoc’s clinical practice through the platform, including 24/7 care for common conditions, dermatology consultations, and one-on-one nutrition support. Prescriptions, if needed, can be sent to a pharmacy including Walmart, where same-day delivery is available in many locations.
“Walmart is where millions of Americans already go for everyday needs, and now, getting care from Teladoc Health can be part of that same experience,” said Kelly Bliss, Teladoc Health’s President of U.S. Group Health. “By removing friction and meeting people where they are, virtual care becomes something people choose first, not just something they can access.”
The announcement builds on an earlier integration — in January, Teladoc’s BetterHelp mental health offering launched on Walmart’s Better Care Services platform, further expanding the companies’ collaboration.
Teladoc Shares Fall
TDOC Price Action: At the time of publication, Teladoc shares are trading 1.94% lower at $9.33, according to data from Benzinga Pro.
Image: Courtesy of Teladoc
