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The growth metrics for Teladoc are particularly striking when analyzing their telehealth visits over the years. In 2016, they facilitated just under a million visits, which rose to nearly 1.5 million in 2017. Fast forward to the latest quarter, and Teladoc is on pace for a run rate of approximately 2.4 million visits. Given that there are over a billion primary care and outpatient hospital visits per year, this indicates that Teladoc is just beginning to tap into the massive market potential.
However, concerns around profitability persist, especially in a market environment that thrives on growth. Investors are encouraged to focus on long-term growth prospects rather than short-term profitability.