How much of Teladoc’s revenue comes from haram?

Teladoc primarily earns its revenue from virtual health care services by charging subscription fees and per-telehealth visit fees. 

Practical Islamic Finance concludes:

None of Teladoc’s revenue comes from anything inherently haram.

Does Teladoc rely on interest to operate?

Teladoc reports its Interest Income & Expenses as a net value.

According to the company’s annual report for the fiscal year ended December 31, 2020 (Numbers in thousands, U.S. dollars):

Interest Expense (net): $60,495

Total Expenses: $1,512,147

Interest Expense / Total Expense: 4.00%

Practical Islamic Finance concludes:

Riba is used but not relied upon in Teladoc’s operations.

What is Teladoc’s Environmental, Social, and Governance (ESG) impact?

Environment

No notable environmental highlights. 

Social

A 2017 study from Health Affairs found on average, telehealth visits cost about $79, while an office visit’s average cost is nearly double, averaging $146. 

Practical Islamic Finance sees this as a positive development for making health care affordable to more individuals. 

Additionally, Teladoc has a high Glassdoor rating of 4.0 out of 5.0 from over 200 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.

Governance

No notable governance highlights. 

Practical Islamic Finance concludes:

Teladoc has a net positive ESG impact.

Comfort Rating

From Teladoc’s business, financial, and ESG reviews, Practical Islamic Finance rates Teladoc as:

Comfortable to invest in from a Halal perspective.

Sources 

Teladoc Form 10-K 

Teladoc Health Reviews 

Why you should take advantage of your telemedicine options 

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