|Asset Classes||Listed equity|
|Impact strategy||Impact Equities and Bonds|
|Bloomberg ticker||TDOC US|
|Industry group||Health Care Equipment & Services|
|Aligned with SDGs|
Teladoc operates a telehealth platform. The company's core activity is to deliver 24/7 on-demand health care via mobile devices, the internet, video and phone. It connects patients with physicians and behavioural health professionals who treat a broad array of healthcare needs, ranging from the flu to behavioural health or cancer. The company serves thousands of clients including employers, health plans, health systems and other entities but also individual customers. The company's revenue is mainly generated in the US (90% of revenues).
Teladoc's positive impact is twofold. Firstly, the company increases access to equitable care by providing affordable, high-quality service. This can have a significant impact in countries like the US where medical expenses are high and many people are still uninsured (the American Hospital Association estimates that 9.6% of US residents, or 31.1 million people, lacked health insurance in 2021).
Secondly, Teladoc provides significant flexibility by offering its services at the customer's choice of location, thus giving, for example, people in remote areas access to healthcare.