By Yaёl Bizouati-Kennedy
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Barron’s reported that shares of Teladoc were up nearly 7% in early-morning trading on Feb. 28, following the announcement.
On the morning of March 1, the stock was up 7.3% in pre-market trading.
The service will enable customers in the U.S. to connect with a Teladoc care provider (24/7) from supported Echo devices — allowing them to share concerns related to general medical needs. Teladoc on Alexa will initially launch via audio with video visits coming soon, according to the release.
In terms of what the partnership might look like, customers can say, “Alexa, I want to talk to a doctor,” to their Echo device to get connected with the Teladoc call center. They will then get a call back on their Echo devices from a Teladoc doctor for virtual visits related to non-emergency health needs, such as experiencing symptoms of a cold, flu, or allergies.
The cost per visit can be as low as $0 per visit with insurance or $75 without insurance.
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Investors.com said that the company held its initial public offering (IPO) in 2015. Teladoc stock listed at $19. Shares set a record high of $308 about one year ago. Teladoc stock now trades about 75% below that peak, it added.
