ONEM - Teladoc 1Life among health tech stocks exposed to recession - Citi

Citi Investment Research has grouped telehealth provider, Teladoc Health (NYSE:TDOC) and membership-based primary care platform 1Life Healthcare (ONEM) among health tech stocks highly exposed to the risk of a recession. This month, the economists polled by The Wall Street Journal set the occurrence of a U.S. recession over the next 12 months at 28% on average, compared to 18% in January and 13% a year ago. Commenting on the recessionary effects on health tech firms, Citi analyst Daniel Grosslight argues that companies exposed to the commercial market, such as 1Life Healthcare (ONEM), Teladoc (TDOC) and recently IPO’ed Talkspace (TALK), will have the biggest impact. The analyst attributes this to the unemployment that can lead to outsized membership losses.   However, there are several ways the companies can mitigate the impact. “ONEM’s Medicare-focused Iora business will offset enterprise membership pressure, while TDOC and TALK’s direct to consumer (DTC) Mental Health solutions should act as a

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Teladoc, 1Life among health tech stocks exposed to recession - Citi