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Teladoc's ambition is further underscored by the belief they can cater to about 417 million of the over one billion annual visits in the telehealth sector. The company updated its revenue guidance to reflect this growth and acquisitions, projecting between $414 million to $416 million for the fiscal year while still expecting a loss of $1.48 to $1.50 per share.
Regulatory Changes and Market Challenges
A pivotal opportunity on the horizon involves Medicare Advantage plans that may include telehealth services starting in the 2020 plan year. This change could significantly enhance Teladoc’s market by providing services to 21 million Medicare Advantage enrollees, an impressive growth avenue that could expand their user base substantially.