10 Best Medical AI Companies

5. Teladoc Health, Inc. (NYSE:TDOC)

Number of Hedge Fund Holders: 35

Market Capitalization: $1.3 billion

Teladoc Health, Inc. (NYSE:TDOC) is a healthcare technology company based in Purchase, New York. It offers virtual medical services and enabling technologies and telehealth solutions for hospitals and health systems.

In the second half of 2023, Teladoc Health, Inc. (NYSE:TDOC) partnered with Microsoft to integrate ambient clinical documentation tech in its Solo virtual care platform and also to integrate Microsoft Azure’s OpenAI service into its Teladoc Health Solo. In the company’s earnings call for the second quarter of 2024, it was also noted that Teladoc Health, Inc. (NYSE:TDOC) has continued to make big investments in data science and AI to meet the evolving needs of its customers and the healthcare system.

Teladoc Health, Inc. (NYSE:TDOC) presently uses about 60 of its own AI models for various tasks, such as connecting patients to the right healthcare providers. The increasing use of AI in its telehealth business is set to ensure Teladoc Health, Inc. (NYSE:TDOC) retains its position as a leader in the telemedicine market.

Teladoc Health, Inc. (NYSE:TDOC) was spotted in the portfolios of 35 hedge funds in the second quarter, with a total stake value of $339.7 million.