American Well
American Well is a company.
Financial History
Leadership Team
Key people at American Well.
American Well is a company.
Key people at American Well.
Amwell (American Well Corporation) is a Boston-based telemedicine company that provides a digital platform connecting patients with doctors via secure video, audio, and integrated tools for virtual care across primary, urgent, specialty, and mental health services.[1][4] It serves healthcare providers, payers, health systems, and employers by offering subscription-based software, APIs for embedding telehealth into workflows, and the Amwell Medical Group for on-demand physician staffing, addressing access barriers, reducing costs, and enabling care continuum delivery for over 80 million covered lives.[1][4][7] With operations in all 50 U.S. states, partnerships with 55 health plans and 240 health systems (over 2,000 hospitals), and more than $500 million raised from investors like Anthem and Philips, Amwell has demonstrated strong growth, including 40,000+ providers on its platform in 2020 and millions of app downloads.[1]
Amwell was co-founded in 2006 by brothers Ido Schoenberg (CEO) and Roy Schoenberg, physicians frustrated by inefficiencies in traditional healthcare delivery, such as mismatched physician capacity and patient demand.[1][2] The idea emerged from their vision to solve the "economic obstacle of time and place" through real-time online care, starting with non-emergency consultations via phone or video to cut costs and improve access without office visits.[2] Early traction came from health insurers; by 2009, three adopted the platform, with app downloads surpassing 1 million by 2014 (named top telehealth app by App Annie) and earning American Telemedicine Association accreditation in 2015.[1] Pivotal moments included expanding to APIs for workflow integration and launching the Amwell Medical Group, scaling to nationwide coverage amid rising telehealth demand.[1][4]
Amwell stands out in telehealth through integrated, scalable solutions beyond basic video calls:
Amwell rides the virtual care and digital health wave, accelerated by post-pandemic demand for accessible, cost-effective healthcare amid clinician shortages and rising chronic disease burdens.[1][6][8] Timing aligns with healthcare tech revolutions like AI diagnostics, EHR integration, and remote monitoring, where market forces—such as payer incentives for efficiency and regulatory support for telehealth parity—favor scalable platforms.[4][6] It influences the ecosystem by enabling 240 health systems and 55 plans to hybridize care models, reducing no-show rates and ER visits while fostering innovator partnerships, positioning telehealth as a standard rather than niche.[1][7][8]
Amwell is poised to expand as AI-enhanced virtual care and hybrid models dominate, potentially growing via international markets, hospital/pharmacy integrations, and adjacent services like legal adaptations of its supply-demand matching.[2][6] Trends like automated triage and device ecosystems will shape its path, evolving influence from telehealth pioneer to full care orchestrator amid $100B+ digital health markets. This builds on its foundation of connecting excess supply with demand, promising broader efficiency in fragmented healthcare.[1][2][4]
Key people at American Well.