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Who owns Amwell?
Brothers Roy and Ido Schoenberg launched Amwell, formerly American Well, in 2006. Amwell was founded by brothers Drs. Ido and Roy Schoenberg in 2006. 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.
Is Amwell International?
Amwell has an international presence through a partnership with Meuhedet, the third-largest health maintenance organization in Israel, which leverages the Amwell Platform. 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. All told, 102,000 providers make use of Amwell’s technologies. 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.
How does Amwell make money?
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 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. 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. 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.