Teladoc Health (NYSE: TDOC) has been an amazing stock for long-term investors. The company was founded in 2002 and went public in 2015. In its S-1, Teladoc billed itself as "the nation's first and largest telehealth platform." Simply put, Teladoc is a website where people can visit with a doctor online. The company's website is a virtual hospital, open 24/7. You can talk with a doctor within minutes. For speedy and convenient healthcare, few businesses offer what Teladoc can. The stock is up over 420% since its IPO.
Are companies still trying to beat Teladoc? Yes they are. Amazon (NASDAQ: AMZN) is one such competitor. The e-commerce and cloud services giant is now entering the healthcare market on the insurance and pharmacy businesses. But perhaps the scariest news for Teladoc investors is that Doximity (NYSE: DOCS) just went public, and the company boasts some numbers that suggest it might be the stronger stock going forward.
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Better Healthcare Stock: Teladoc vs. Doximity