Dive Brief:

Teladoc Health expects insurance coverage availability for its direct-to-consumer mental health unit BetterHelp to be “largely national” by the end of next year, CFO Mala Murthy said on a third quarter earnings call Wednesday.

Allowing consumers to use insurance on BetterHelp is an important initiative for the telehealth company to turn around financial performance at the unit, which has seen earnings and revenue decline in recent quarters.

The insurance option has launched in seven states and Washington, D.C., executives said. The expansion is “likely a positive, but it will take some time for meaningful contributions to materialize,” Leerink Partners analyst Michael Cherny wrote in a Wednesday note.

Dive Insight:

Overall, Teladoc reported $626.4 million in revenue in

See Full Page