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About American Well Corporation (Amwell)
American Well Corporation (NYSE: AMWL), widely known as Amwell, is a leading hybrid care enablement platform revolutionizing the healthcare industry by integrating technology to deliver accessible, affordable, and high-quality care. Headquartered in Boston, Amwell operates at the intersection of healthcare and technology, empowering providers, payers, patients, and innovators to seamlessly deliver care across the entire healthcare continuum. The company's platform supports diverse healthcare needs, including urgent care, chronic care management, behavioral health, post-acute care, and healthy living initiatives.
Core Offerings and Business Model
Amwell provides a single, comprehensive platform that combines virtual and in-person care to create a unified healthcare experience. Its offerings include on-demand and scheduled consultations, virtual primary care, musculoskeletal care, dermatology, and chronic disease management. The platform integrates third-party digital health solutions, such as Hello Heart for cardiovascular health and Vida Health for cardiometabolic care, enabling health systems and insurers to offer tailored, cost-effective, and outcome-driven programs to their members.
The company generates revenue through partnerships with over 50 health plans, representing more than 100 million covered lives, and collaborates with leading health systems comprising thousands of hospitals. Its SaaS-based model ensures scalability and adaptability, catering to the evolving needs of healthcare organizations. Amwell's robust ecosystem also includes its affiliated clinical partner, Amwell Medical Group, which delivers behavioral health and therapy services.
Industry Context and Market Position
Operating in the rapidly growing telehealth and digital health industry, Amwell is strategically positioned to address the global shift towards hybrid care delivery. With nearly two decades of experience, the company has established itself as a trusted partner for some of the largest and most sophisticated healthcare organizations worldwide. Its proprietary platform, Amwell Converge™, integrates advanced technologies to enhance care coordination, data exchange, and patient engagement, ensuring efficient and personalized healthcare delivery.
Amwell differentiates itself from competitors like Teladoc Health through its focus on a unified, interoperable platform that supports a wide range of clinical programs. By fostering partnerships with innovative digital health providers, Amwell continuously expands its portfolio, addressing critical health challenges such as obesity, diabetes, and cardiovascular diseases. This collaborative approach positions the company as a key enabler of value-based care models.
Challenges and Strategic Focus
As a pioneer in digital healthcare, Amwell faces challenges such as ensuring data security, navigating regulatory complexities, and driving adoption across diverse patient populations. The company addresses these challenges by investing in robust cybersecurity measures, aligning with industry standards, and leveraging its extensive network of partners to enhance accessibility and affordability.
Amwell's strategic focus on hybrid care delivery underscores its commitment to transforming healthcare. By integrating virtual and in-person services, the company aims to bridge care gaps, improve clinical outcomes, and reduce costs for patients and healthcare organizations alike. This approach aligns with industry trends emphasizing whole-person care and personalized health solutions.
Conclusion
American Well Corporation is at the forefront of digital healthcare innovation, enabling its clients to deliver seamless, patient-centric care. With its comprehensive platform, strategic partnerships, and commitment to hybrid care, Amwell is well-positioned to shape the future of healthcare delivery. Its emphasis on scalability, interoperability, and clinical excellence ensures it remains a valuable partner for health systems, insurers, and employers seeking to navigate the evolving healthcare landscape.
Amwell (NYSE: AMWL) will report its second quarter operating results for the period ending June 30, 2021, on August 11, 2021. Following the release, the management team will host a live conference call at 5:00 PM ET to discuss the results and provide a business update. Investors can access the call via the Company’s website or by calling in. Amwell is a leading telehealth platform connecting healthcare providers and patients, supporting a range of telehealth needs for over 2,000 hospitals and 55 health plans, covering over 80 million lives.
Amwell (NYSE: AMWL), a leading telehealth provider, announced that Ido Schoenberg and Keith Anderson will participate in the 42nd Annual Goldman Sachs Global Healthcare Conference. The fireside chat is scheduled for June 9, 2021, at 9:40 a.m. ET. A live audio webcast will be available in the investors section of Amwell's website and archived for approximately 90 days.
Amwell connects providers, insurers, and patients, offering a comprehensive telehealth platform that covers over 80 million lives through partnerships with more than 2,000 hospitals and 55 health plans.
Amwell, a national telehealth leader, reported robust financial results for Q1 2021, highlighting a surge in total active providers to approximately 81,000 from 24,000 a year prior. Total visits reached around 1.6 million, double the previous year. The company generated total revenue of $57.6 million, up from $53.7 million, with subscription revenue rising to $24.6 million. However, gross margin slightly declined to 38.0%, and net loss widened to $39.8 million. The company maintains a 2021 revenue outlook of $260-$270 million and an adjusted EBITDA between -$157 million and -$147 million.
Amwell (NYSE: AMWL) has announced its annual Client Awards, recognizing organizations that have excelled in telehealth amidst the COVID-19 pandemic. Awards were given in four categories: Empowering Providers, New Models, New Normal, Innovative Integrations, and Positive Impact. The winners demonstrated significant advancements in healthcare delivery, promoting equality and enhanced patient care through innovative practices. With over 36,000 employers and 80 million lives covered, Amwell continues to be a leader in telehealth solutions.
Amwell, a leader in telehealth (NYSE: AMWL), introduced its next-generation Converge telehealth platform at its annual Client Forum. This platform aims to enhance connectivity among healthcare providers, offering a unified care experience through flexibility and scalability. It incorporates features from notable partners like Google Cloud and TytoCare, ensuring improved patient engagement and diagnosis. The Converge platform's open architecture allows clients to customize their capabilities while ensuring a seamless integration with existing healthcare systems, ultimately facilitating better health outcomes.
Amwell, a leader in telehealth (NYSE: AMWL), will announce its first quarter operating results for the period ending March 31, 2021, on May 12, 2021. Following the release, the management team will hold a conference call and webcast at 5:00 p.m. ET to discuss the results and provide a business update. Investors can access the webcast via the Company’s website or listen via phone by calling (833) 979-2840 (U.S.) or (236) 384-2051 (International), using conference ID 4793448. A replay will be available for 90 days post-call.
Amwell®, a leader in telehealth, reported strong fourth-quarter and full-year financial results for 2020. The total active providers surged to ~72,000 from ~7,000 the previous year, and total visits reached ~1.6 million, up from 355,000. Total revenue rose to $60.4 million, compared to $45.0 million, while subscription and visit revenues increased significantly. Despite these gains, the net loss widened to $50.6 million from $22.7 million. For 2021, Amwell anticipates revenue between $260 million and $270 million and AMG visits of 1.5 to 1.7 million.
Amwell (NYSE: AMWL), a leader in telehealth, has joined the Moving Health Home coalition to advance home-based care delivery. This initiative aims to unite stakeholders to enhance home care sustainability, particularly for seniors with chronic conditions. Notably, home-based care can significantly reduce healthcare costs and improve patient outcomes. Amwell's commitment emphasizes the need for a hybrid care model following lessons learned during the pandemic. The company aims to create a healthcare system that enhances quality of life for patients.
Amwell (NYSE: AMWL), a leader in telehealth, will report its fourth quarter and full year operating results for 2020 on March 24, 2021. A live conference call and webcast will follow at 5:00 p.m. ET to discuss these results and provide a business update. Interested parties can access the webcast via the investors.amwell.com website or call (833) 979-2840 for the live call. The company supports over 2,000 hospitals and 55 health plans, covering 80 million lives with telehealth solutions.
Amwell (NYSE: AMWL) has announced the launch of the Hospital TV 100, a new Carepoint device aimed at enhancing telehealth connectivity in hospitals. This device allows hospitals to use existing televisions as telehealth endpoints, enabling care teams to monitor patients remotely without additional infrastructure costs. With over 1,200 installations across 50 locations at Intermountain Healthcare, this innovation addresses strained resources amid the COVID-19 pandemic. Amwell continues to expand its telehealth services, underscoring its commitment to improving healthcare accessibility.
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