Stories

Teladoc is having accounting problems

Teladoc executives at the New York Stock Exchange.
Teladoc went public in 2015. Photo: MayApps207 / Wikimedia Creative Commons

Teladoc, a company that connects patients with doctors via video and phone, recently disclosed it has serious accounting problems tied to "stock-based compensation." Teladoc directed Axios to an investor relations firm after repeated inquiries, and the outside firm has not responded.

Why it matters: The health care industry views virtual care as an important way to treat common ailments in lower-cost settings. But Teladoc is the largest telemedicine company; its new blunders, on top of a long track record of losses, don't inspire confidence.