Investing.com -- Shares of Teladoc Health (NYSE: NYSE:TDOC) climbed 4% today following the announcement of a new partnership with Amazon (NASDAQ:AMZN), which aims to enhance access to the company's chronic condition programs through Amazon's Health Benefits Connector.
The collaboration is expected to streamline the enrollment process for Teladoc Health's diabetes, hypertension, pre-diabetes, and weight management programs, which are now more easily discoverable and accessible to eligible Amazon customers. With over 1 million active enrollees, Teladoc Health's programs utilize connected devices, data-driven personalization, and expert coaching to foster sustainable behavior change and improve cardiometabolic health.
Teladoc Health's CEO, Chuck Divita, emphasized the strategic value of the partnership, stating, "By enabling customers to discover and enroll in our programs on Amazon, this effort will improve access to needed care and help people manage their health in an easier and more convenient way." The initiative addresses the challenge of enrollment barriers, as nearly a quarter of U.S. adults are reportedly unaware of all the benefits available through their health plan.
Amazon's Health Benefits Connector presents eligible benefits to customers when they search for related products or devices, potentially expanding the reach of Teladoc Health's programs. Kelly Bliss, Teladoc Health's President of U.S. Group Health, noted that Amazon's service provides new engagement opportunities and a seamless enrollment experience for members.
The partnership aligns with both companies' focus on consumer-centric healthcare solutions, with Aaron Martin, Vice President of Healthcare at Amazon, expressing enthusiasm for the potential to strengthen their impact on healthcare and explore new ways to simplify and improve health solutions for customers.
The market's positive response to the news reflects investor optimism about the potential for increased enrollment and engagement in Teladoc Health's programs, facilitated by the visibility and convenience offered through the Amazon platform.
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