With Teladoc Health announcing that “it has completed its acquisition of Santa Barbara, Calif.-area based InTouch Health. With the integration of InTouch Health’s innovative telehealth capabilities linking providers to one another in complex medical environments, Teladoc Health will connect the care experience across in-patient, outpatient and home care settings, ensuring greater access to high-quality care and better health outcomes” the question is; how does this change Teladoc and what does it mean for consumers?
InTouch Health is a telehealth services company that offers healthcare providers solutions to efficiently deliver virtual care for a broad array of use cases and healthcare environments. InTouch Health provides “a reliable, dedicated cloud-based network and virtual care solutions designed to ensure connectivity for health systems, providers, and patients at all times.”
Intouch Health, at the time of the acquisition, supports more than 450 hospitals and health systems and 3,600 care locations around the world – including many of the top 20 U.S. health systems.
InTouch Health has partnered with such companies as World Telehealth Initiative enabling doctors to help patients anywhere in the world without having to travel.
World Telehealth Initiative has provided care for 15 developing communities around the world by using InTouch Health’s innovative global cloud-based network, which allows volunteer physicians to provide care anywhere in the world from any location.
With this acquisition, Teladoc will have a virtual-care solution that has the capabilities of spanning provider-to-provider telehealth capabilities for inpatient care along with applications outside the hospital which targets connecting consumers to providers.
“Now is the perfect time for us to join together with Teladoc Health and deliver to hospitals and health systems everywhere what they’ve been asking for – a single, enterprise solution to support their virtual care strategies and enable them to better engage with patients at every point along their healthcare journey,” InTouch Health CEO Joseph M. DeVivo
What Does The Acquisition Mean?
At $600 million, this is Teladoc’s largest acquisition to date. This acquisition establishes Teladoc Health as the partner of choice for health systems seeking single solutions for their entire virtual care strategy. With this latest acquisition, InTouch Health aims to move closer to combining telehealth services delivered outside the health system with telemedicine services coordinated between different parts of the health system, making it easier for providers to not only deliver care but consult with colleagues and specialists to improve the value of that care. Teladoc is now the only virtual care provider covering the full range of acuity, from everyday to chronic to critical care, through a single solution across all sites of care including home, pharmacy, retail, physicians office, ambulance, and more. The range of capabilities will enable clinicians to provide the best consumer care both in medical facilities, as well as new locations such as home, transport, and retail. Together with Teladoc Health, the newly combined entity will be uniquely equipped to meet the growing needs of the provider market with one single, integrated solution spanning both consumer and provider-to-provider applications.
Learn more about the acquisition through Teladoc Health’s press release:
https://teladochealth.com/newsroom/press/release/intouch-health-acquisition/