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What does Amwell stand for?
Amwell (short for American Well) is an online telehealth platform that connects people with healthcare professionals, including therapists who offer a variety of mental health services. Amwell also has over 36,000 employers on its platform. Amwell makes its the majority of its money in two ways: subscription revenue and visit revenue. On the subscription side, the company sells the Amwell Platform to health systems and health plans. Amwell also benefits from SilverCloud Health’s international footprint as the startup has headquarters in London and Dublin and is used by the national health systems in the U.K. and Ireland. Shares of Amwell fell following its fourth-quarter earnings release as the telehealth company reported greater adjusted EBITDA losses than the previous year period and projected those losses will deepen in 2022.
What does Amwell do?
Amwell Psychiatric Care provides on-demand and scheduled telepsychiatry services when and where health systems need it. Amwell’s EHR integrations allow telehealth to embed into existing clinical workflows and patient portals. Teladoc provides a platform for healthcare professionals across all specialties, including physicians, dermatologists, dietitians, behavioral health, to connect with patients via phone, video, or app. All told, 102,000 providers make use of Amwell’s technologies. Amwell is free to download from the Apple App Store or Google Play and gives people the ability to see a doctor of their choosing by video, in less than three minutes on average. Amwell offers access to U.S. board-certified and telehealth-trained doctors, psychotherapists and registered dietitians. Amwell’s Digital Health Platform, Converge, is designed to be simple and intuitive. Leveraging a single meeting place for virtual care, providers and patients easily connect and clients can quickly design and scale their telehealth programs. One interface for any access point. Fluid UX adapts to content and devices. About Amwell With over a decade of experience, Amwell powers the digital care programs of over 55 health plans, which collectively represent more than 80 million covered lives, as well as approximately 150 of the nation’s largest health systems, encompassing more than 2,000 hospitals.
Who is Amwell owned by?
Roy Schoenberg, MD, MPH Since co-founding the company with his brother Ido Schoenberg, Amwell has grown to become one of the largest telehealth eco-systems in the world, digitally connecting healthcare’s key stakeholders – payers, providers, and millions of patients in an efficient, modern healthcare experience. Ido Schoenberg: I am a doctor, and as you can see, I’m not young anymore. This is my fourth venture. All of our companies had one mission in common; to truly improve healthcare and the way it is accessed. My brother Roy and I started Amwell about a decade and a half ago, and we have been at it since then. Amwell makes its the majority of its money in two ways: subscription revenue and visit revenue. On the subscription side, the company sells the Amwell Platform to health systems and health plans. Google Cloud will invest $100 million into Amwell to evolve and scale its telehealth portfolio to serve the needs of providers, insurers, and patients within current and new markets.
Is Amwell a subscription?
Amwell is a faster, easier way to see a doctor. You can have video visits with a doctor anytime. It’s easy to use, private, and secure. It’s free to enroll and the cost per visit is $15.00*. Amwell Now: Quick and secure access to virtual visits Give patients and providers quick and easy access to video visits. This solution scales quickly with providers self‑activating their account and inviting patients by text or email. – The deals have a combined aggregate purchase price of $320 million, and the acquisitions will allow Amwell to accelerate its work to redefine the practice of medicine and always-on healthcare companionship. The Amwell Touchpoint mobile app is a component of our comprehensive telehealth suite that enables: • Video calling, including both simple SMS/email guest invites to patients at home as well as controlling video endpoints within the hospital.
Who are Amwell’s competitors?
AmWell’s top competitors include Teladoc, Doximity, and Caregility. Amwell has a ‘good’ User Satisfaction Rating of 70% when considering 4 user reviews from 2 recognized software review sites. Teladoc Health has a ‘poor’ User Satisfaction Rating of 50% when considering 34 user reviews from 2 recognized software review sites. Amwell has an international presence through a partnership with Meuhedet, the third-largest health maintenance organization in Israel, which leverages the Amwell Platform. Teladoc Health, Inc. is a multinational telemedicine and virtual healthcare company headquartered in the United States.
What is Amwell for Cigna?
Amwell provides immediate online access to board-certified physicians, dietitians, therapists, psychiatrists and more. Sign in now and talk to a trusted provider today. We handle all payment processing from the patient and directly deposit your earnings into your specified bank account. Patients discover you through our Amwell platform where they can review your profile and availability before a visit. Manage your waiting room and appointment schedule right in the app. Amwell uses secure, high quality streaming for its visits, so you can see and hear your doctor in real time from your smartphone or computer. A typical doctor visit for medical issues is about 10 minutes. Online therapy sessions take approximately 45 minutes. All told, 102,000 providers make use of Amwell’s technologies. If you require a controlled substance (i.e., benzodiazepines), the Amwell psychiatrist may be able to coordinate with your primary care physician to have him or her prescribe those medications based on the psychiatrist’s recommendations.