Why Teladoc Health Stock Jumped 17% in September
Shares of Teladoc Health (NYSE: TDOC) popped 17% last month, according to data provided by S&P Global Market Intelligence, following a pair of announcements that suggest the growth of telehealth services is accelerating.
On Sept. 4, Teladoc announced a deal with Johnston Group, a provider of employee benefits solutions. The agreement will give more than 30,000 small businesses in Canada access to Teladoc's telemedicine services, which help healthcare professionals provide care to patients remotely via telecommunication technology, such as videoconferencing.
Telemedicine is becoming more popular among patients and doctors alike. Image source: Getty Images.
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