Virtual Healthcare Profits

Michael Shulman

Virtual Healthcare Profits

There are profits in virtual healthcare.

Teladoc Health (TDOC) offers virtual health care services, which are in high demand as the coronavirus sweeps across the country.

The company has a network of more than 50,000 clinicians worldwide who provide online consultations across 450 medical specialties. Even before the coronavirus pandemic, the company was growing at a fast clip.

And I think the change to virtual healthcare is here to stay.

And one of the biggest problems TDOC solves for both patients and doctors is an easy way to diagnose and treat more “everyday” healthcare problems that don’t require an office visit.

“I’m a working mom with four kids so it’s really challenging when one of them gets sick. I can talk to a doctor anytime 24/7 from anywhere, whether I’m at home or in the office. Teladoc is a game-changer.”

Look at the company’s growth numbers:

  • The number of paid customers increased 61% in 2019 to 36.7 million
  • While the number of visits was up 57% to 4.2 million.
  • And revenue jumped 32% last year to $553 million.

“In the first quarter of 2020 alone Teladoc Health delivered two million medical visits to people around the world, while simultaneously expanding access to millions of new members,” said Jason Gorevic, chief executive officer. 

While the company is not yet profitable, losses are shrinking.

TDOC management was predicting at least 25% revenue growth for 2020 before the number of coronavirus cases in the United States skyrocketed. My guess is that estimate will be revised significantly higher in the near future.

As they attract more members using more healthcare products and services and an increase in payment models … Teladoc’s growth horizon still has a ways to grow.

The stock has been on a tear, gaining nearly 90% year to date.  And they recently added weekly options to the mix making TDOC easier to trade for income, hungry investors.

The premiums are huge. With the spike in volatility, you can sell put options 10% to 15% of out of the money for easy premium collection.

Put Teladoc to work for you adding cash to your portfolio … from the comfort of your home.

 

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About The Author

Michael Shulman is a 30 Year Veteran of the financial markets – as a trader, a financial analyst, a financial writer and most recently as an educator.

Mr. Shulman made his first option trade in 1985 – COMPAQ Computer calls – a position that expired worthless. His second trade broke even; the third brought him a year’s salary, a near twenty to one return on his investment. Michael has never looked back. He entered the financial publishing business formally in 2001 as director of research for ChangeWave Research’s institutional research business and as the writer and editor of Hedge Fund Investing.

He has published two books – Sell Short and Made in America – both of which can be found on Amazon.com and is a frequent contributor to reputable financial sites like Seeking Alpha, MSN, MainStreetInvestor, and Traders Reserve.

His trade recommendations in his Options Income Blueprint, Perpetual Income Portfolio Club and Income Masters services maintain a 98% success ratio, meaning his trades produce the expected income 98% of the time. No one’s perfect.