June 3, 2020
RelyMD and MYidealDOCTOR Merger Delivers Greater Access to Community-Based Telehealth
Combined Company to Meet Growing Demands for Telehealth by Health Care Providers, Employers, and Managed Care Organizations
RESEARCH TRIANGLE PARK, N.C. – (June 3, 2020) – RelyMD, a digital health company that provides coordinated telehealth, today announced that the company has merged with MYidealDOCTOR, a telemedicine company based in Georgia. Together, the combined enterprise will include community-based providers across the country and be guided by the RelyMD executive team.
“The healthcare needs of communities and workplaces have changed; and this merger enables us to better partner with our customers to meet the evolving needs of today’s patients and consumers,” said David Levin, CEO of RelyMD.
Additionally, the merger between RelyMD and MYidealDOCTOR creates a strategic partnership with ApolloMD, one of the nation’s leading hospital services companies, to bring community telehealth to more health systems and hospitals.
“Our health system and hospital partners have increasingly embraced telehealth, and as a trusted partner to those organizations, we are excited to bring more innovative services that enable them to better serve their communities,” said Yogin Patel, MD, President of ApolloMD.
This announcement comes at a time when the demand for telemedicine solutions are at an all-time high. Based on a survey by Sage Growth Partner (SGP) and Black Book Market Research, 25% of consumer respondents had used telehealth prior to the current COVID-19 pandemic. Fifty-nine percent reported they are more likely to use telehealth services now than previously, and 33% would even leave their current physician for a provider who offered telehealth access. In addition, according to a report by Global Market Insights, the telemedicine market is set to be valued at $175.5B by 2026.
Together, RelyMD and MYidealDOCTOR are better positioned to meet the growing industry needs by allowing the companies to collectively build out their physician network with more coverage options, enhance their telehealth technology platforms, and strengthen operational capacity to meet growing customer demands.
“This is an exciting journey, and we look forward to our continued focus on delivering trusted medical care that fosters healthier communities and workplaces,” added Levin.
RelyMD is a growing digital health company that provides a coordinated telehealth solution to health systems, managed care organizations, and employers. Founded by a group of innovative emergency medicine physicians and healthcare entrepreneurs, we’re on a mission to foster healthier communities and workplaces by delivering reliable, trusted medical care – anytime, anywhere. To learn more about how RelyMD works, visit www.relymd.com.
Chelsea Raegen, RelyMD