Amwell (company)

American Well Corporation
Amwell
Company typePublic
IndustryHealthcare
FoundedJune 2006; 18 years ago (2006-06) (as American Well)
FoundersIdo Schoenberg
(President and CEO)[1]
Roy Schoenberg (Chairman and CEO)[2]
Headquarters75 State Street,
Area served
United States
Key people
Muneer Satter, investor
ServicesMobile and web patient-to-physician teleconferencing
RevenueUS$ 245.3 Mio. (2020)[3]
Number of employees
812 (2021)[4]
Websiteamwell.com

American Well Corporation, doing business as Amwell, is a telemedicine company based in Boston, Massachusetts, that connects patients with doctors over secure video.[5] Amwell sells its platform as a subscription service to healthcare providers to put their medical professionals online and its proprietary software development kits,[6] APIs, and system integrations enable clients to embed telehealth into existing workflows utilized by providers and patients.[7]

Amwell has roughly 800 employees[8] and has raised more than $500 million from investors,[9] including Anthem, Philips, Allianz and Teva Pharmaceuticals, with the goal of connecting patients to healthcare providers remotely.

The company operates in all 50 United States and works with 55 health plans, which support over 36,000 employers and collectively represent more than 80 million covered lives, as well as 240 of the nation's largest health systems, encompassing more than 2,000 hospitals.[10] In 2020, over 40,000 providers were using the Amwell Platform.[11]

American Well was rebranded to Amwell on March 9, 2020.[12]

In March 2023, Amwell added a cardiometabolic program to its offerings through its partnership with digital chronic condition management platform DarioHealth. With the partnership, Amwell patients can be referred to the program for chronic conditions like diabetes, high blood pressure and weight management.[13]

  1. ^ "ROY SCHOENBER GMD, MPH PRESIDENT & CEO". amwell.com. Archived from the original on November 17, 2021. Retrieved November 17, 2021.
  2. ^ "IDO SCHOENBER GMD CHAIRMAN & CEO". amwell.com. Archived from the original on November 17, 2021. Retrieved November 17, 2021.
  3. ^ "Amwell". craft.co. Archived from the original on November 17, 2021. Retrieved November 17, 2021.
  4. ^ "Amwell". owler.com. Archived from the original on December 2, 2021. Retrieved December 2, 2021.
  5. ^ Cain Miller, Claire (November 19, 2008). "The Doctor Will See You Now – Online". The New York Times. Archived from the original on April 27, 2018. Retrieved April 12, 2014.
  6. ^ "American Well unveils remote visit SDK for health apps". MobiHealthNews. February 25, 2016. Archived from the original on June 15, 2020. Retrieved June 15, 2020.
  7. ^ "UPDATED: A guide to telehealth vendors in the age of COVID-19". Healthcare IT News. March 30, 2020. Archived from the original on June 15, 2020. Retrieved June 15, 2020.
  8. ^ Jennings, Katie. "These Brothers Have Been Building Telehealth Tech For Over A Decade. The Coronavirus Pandemic Is Putting It To The Test". Forbes. Retrieved June 15, 2020.
  9. ^ Farr, Christina (May 20, 2020). "American Well pulls in $194 million to keep up with the skyrocketing demand for telemedicine". CNBC. Archived from the original on June 15, 2020. Retrieved June 15, 2020.
  10. ^ "Amwell lands close to $200M in funding to keep up with demand for telehealth". FierceHealthcare. Archived from the original on June 15, 2020. Retrieved June 15, 2020.
  11. ^ "As telehealth surges, American Well raises new funding". Boston Business Journal. May 21, 2020. Retrieved June 12, 2024.
  12. ^ "American Well rebrands to Amwell: 5 details". www.beckershospitalreview.com. March 10, 2020. Retrieved June 15, 2020.
  13. ^ "Amwell partners with DarioHealth to offer digital cardiometabolic health program". MobiHealthNews. March 22, 2023. Archived from the original on March 23, 2023. Retrieved March 24, 2023.