Teladoc Health Inc
NYSE:TDOC
Gross Margin
Teladoc Health Inc
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Teladoc Health Inc
NYSE:TDOC
|
1.3B USD |
70%
|
|
| US |
|
Veeva Systems Inc
NYSE:VEEV
|
45.7B USD |
76%
|
|
| US |
C
|
Cerner Corp
LSE:0R00
|
31.3B USD |
83%
|
|
| AU |
|
Pro Medicus Ltd
ASX:PME
|
32.8B AUD |
100%
|
|
| US |
|
Doximity Inc
NYSE:DOCS
|
12.3B USD |
90%
|
|
| JP |
|
M3 Inc
TSE:2413
|
1.5T JPY |
54%
|
|
| SE |
|
Sectra AB
STO:SECT B
|
67B SEK |
50%
|
|
| US |
W
|
Waystar Holding Corp
NASDAQ:WAY
|
6.3B USD |
67%
|
|
| CN |
|
Winning Health Technology Group Co Ltd
SZSE:300253
|
22.8B CNY |
41%
|
|
| IN |
I
|
Inventurus Knowledge Solutions Ltd
NSE:IKS
|
260.5B INR | N/A | |
| US |
V
|
Vocera Communications Inc
F:V00
|
2.4B EUR |
66%
|
Teladoc Health Inc
Glance View
In the bustling landscape of digital healthcare, Teladoc Health Inc. stands as a pioneering beacon, revolutionizing how medical services are delivered and consumed. Originally founded in 2002 in Dallas, Texas, Teladoc began as a straightforward telemedicine platform offering virtual doctor visits via phone and video calls. Over the years, it has adeptly expanded to provide a comprehensive suite of services, including expert medical opinions, AI-driven health analytics, and management of chronic diseases. Through strategic acquisitions, such as the purchase of Livongo Health, Teladoc broadened its offerings to encompass behavioral health and chronic condition management, thereby creating a holistic ecosystem of care. This integration of services is tailored to meet the diverse health needs of its clients, ranging from individual consumers to large employers and health plans. Teladoc's business model hinges on a subscription-based framework, primarily targeting employers and insurance companies who offer their digital healthcare platform as a valuable benefit to their employees or policyholders. By charging these institutional clients a recurring fee, and also collecting per-visit fees from individuals, Teladoc ensures a steady and reliable revenue stream. With the growing acceptance and demand for telehealth solutions, particularly heightened by global events like the COVID-19 pandemic, Teladoc has seen a significant increase in utilization rates. This surge underscores the company's strategy of continuous innovation and investment in technology that enhances user experience and outcomes, positioning Teladoc as a leader in the future of healthcare delivery.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Teladoc Health Inc's most recent financial statements, the company has Gross Margin of 70.3%.
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