Doctor on Demand CEO dishes on lab deal and telemedicine market

J. Pat Carter / AP

Doctor on Demand, a telemedicine firm that connects physicians and patients via video, is partnering with lab diagnostic companies Laboratory Corporation of America and Quest Diagnostics to expand into lab work.

CEO Hill Ferguson, a former PayPal executive, believes expanding into labs is the next logical step for the four-year-old company. "One of the things that we hear from our doctors and patients is, 'I want to be able to do more with this platform,'" he said. We spoke this week about Doctor on Demand's new lab venture, but also about where telemedicine is going.

Read on for an edited and condensed version of our conversation.