Thomas Jefferson University Hospital is investing in virtual medical service, hoping that insurers will begin paying for quality instead of quantity.
Additionally, 63% of consumers believe that live video visits are more likely to yield an accurate diagnosis than phone or email alone.
The pilot program includes 500 patients identified as most at risk for admission or readmission to hospitals and other institutional settings.
Under the law - deductibles, co-insurance or other conditions for coverage of telemedicine cannot differ from those for in-person visits.
The carrier launched its telehealth platform in June to provide non-emergency consults with physicians from their mobile phones, tablets or PCs.
The Minnesota-based company will use the new funds to expand its SaaS diagnosis and treatment option for minor health conditions.
Targeted expansion in 2015 includes tele-audiology, primary care, women's health, intensive care unit telehealth and clinical video telehealth into homes.
The company makes an app that lets patients communicate with physicians via SMS; sent messages are responded in 24 hours or within 5 minutes for premium users.
The company's existing investors include WellPoint, Novartis, Dell and Coinstar, with Walter Huff joining in for this latest round.
Starting from January 1, 2015, members will be able to access Teladoc's U.S. board-certified, state-licensed physicians from their homes and offices.