Teladoc, a Dallas, Tx.-based telehealth provider, has announced the addition of two healthcare leaders to the company’s board of directors: former U.S. Senator William Frist, M.D. and former Medco Health Solutions chairman and CEO David B. Snow.
“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 healthcare,” Teladoc CEO Jason Gorevic said in a statement. “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.”
During his tenure on Capitol Hill, Senator Frist served on both the Health and Finance Committees, where he played a big role in passing healthcare reform legislation and ultimately served as Senate Majority Leader.
Snow most recently served as the chairman and CEO of Medco Health Solutions, one of the nation’s largest pharmacy benefit managers. Under his leadership, Medco’s revenue grew from $34 billion to more than $70 billion. Currently, Snow serves as the chairman and CEO of Cedar Gate Technologies, a Chicago-based health IT data analytics company.
Teladoc says it is the nation’s largest telehealth provider, recently announcing that it secured $50 million in funding, one of the single largest investments in a telehealth company. The company was also named as an up-and-coming vendor this year as part of the Healthcare Informatics 100 list of the largest companies in health IT.