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Telehealth provider appoints former Senator Frist and former Medco CEO to board

Teladoc has appointed former U.S. Senator William Frist, M.D., and former Medco Health Solutions chairman and CEO David B. Snow to the company's board of directors.

October 21, 2014

Teladoc has appointed former U.S. Senator William Frist, M.D. and former Medco Health Solutions chairman and CEO David B. Snow to the company's board of directors.

The Dallas-based company connects patients with physicians 24 hours a day through phone, online video and HealthSpot Station, a walk-in telehealth kiosk.

"Senator Frist and David Snow are ideal Teladoc board members. These men have successfully navigated the complexities of Wall Street and the halls of Congress. Their commitment to Teladoc brings an added level of experience and success that will be invaluable to us as we continue our explosive growth and navigate the changing landscape of health care," said Teledoc CEO Jason Gorevic in a press release. "Both Senator Frist and Dave Snow have numerous opportunities to sit on boards and they chose Teladoc. Their joining our board is not only an endorsement of Teladoc, but also of the telehealth industry."

Senator Frist is a cardiothoracic transplant surgeon who served on the Health and Finance Committee and as Majority Leader during his time in the Senate.

"The implementation of the Affordable Care Act has infused an additional 8 million patients into the health care system, and this number is expected to grow significantly in the coming years. The increased demand will further tax our already overburdened primary care system, resulting in even longer patient wait times," Frist said. "Teladoc is an innovative and effective solution for addressing the current access barriers to primary care. The Teladoc model has shown what we have believed to be true: that many of the everyday health care needs of patients can be safely and efficiently addressed remotely using technology. It is exactly the type progressive and forward-thinking company we need in the health care industry today. As a Teladoc board member, I want to ensure our country’s legislative groups understand the benefits Teladoc can bring to the health care system as a whole, but most specifically, the need it fills for the patients it serves."

Snow joins Teledoc with experience in managing health care costs and revenue growth. During his time at Medco, the company's revenue grew from $30 billion to more than $70 billion, the company said.

"There is a clear need in our country to create greater access to physicians. Teladoc is a change agent for the way consumers want to access primary care," Snow said. "As more and more companies look for efficient and cost-effective means for providing health care to their employees, telehealth — and Teladoc — are critical to fixing what is broken within our health care system today. Teladoc’s outstanding technology, scalable business model and phenomenal year-over-year growth is evidence of the value it brings to its members and clients. The company’s growth continues to be strong and I look forward to helping Teladoc accelerate its growth trajectory."