Investors reacted nervously to annual news that recently floated telemedicine outfit, Teladoc had lost a $1.5m deal with Highmark , causing the stock's price to fall over 98 percent . The insurance company instead opted for offering its members a choice two telemedicine services, Doctor on Demand and American Well. We’re basically forcing it out of the market. Highmark is yet to officially comment on why it decided not to renew Teladoc 's services contract, and is unlikely to do so on the record, but observers in-the-know have speculated on between two causes: Teladoc 's pricing model and Highmark 's disappointment at telemedicine utilisation figures.
Investors reacted nervously to annual news that recently floated telemedicine outfit, Teladoc had lost a $1.5m deal with Highmark , causing the stock's price to fall over 98 percent . The insurance company instead opted for offering its members a choice two telemedicine services, Doctor on Demand and American Well. Highmark is yet to officially comment on why it decided not to renew Teladoc 's services contract, and is unlikely to do so on the record, but observers in-the-know have speculated on between two causes: Teladoc 's pricing model and Highmark 's disappointment at telemedicine utilisation figures.