Teladoc Health (NYSE:TDOC) has just benefited from a major boom, thanks to its new partnership with Amazon (NASDAQ:AMZN). The virtual care leader has integrated its diabetes, hypertension and weight management programs into Amazon’s Health Benefits connector. Translation? Millions of Amazon customers can now easily discover and enroll in Teladoc’s chronic care solutions. With more than a million active enrollees already on board, the move allows Teladoc to capture an even larger piece of the digital healthcare pie.
CEO Chuck Divita is clearly optimistic about the collaboration, calling it a victory for accessibility and convenience in healthcare. Amazon’s platform cuts out red tape, helping customers find eligible programs when shopping for related health products. Considering that more than half of American adults live with at least one chronic illness, the opportunity here is immense. Teladoc and Amazon are doubling down on a common goal: making health management as easy as clicking Add to Cart.
Investors didn’t miss the memo. Shares of Teladoc jumped 6.6% today in premarket trading, signaling market excitement about the potential of this powerhouse duo. By combining Amazon’s reach with Teladoc’s virtual care expertise, the partnership raises the bar for healthcare innovation. With new collaboration rumors on the horizon, both companies are poised to redefine how chronic illnesses are managed and investors are taking notice.
This article first appeared on GuruFocus.