Amwell Blog (2024)

FAQs

How many visits does Amwell have? ›

The total visits for the full year were down, too. Amwell reported 6.3 million visits in 2023, down from 6.5 million in 2022, per the releases. “Last year's early and severe flu season did not repeat this year,” Amwell Chief Financial Officer Robert Shepardson said Wednesday (Feb.

The Amwell Medical Group is a nationwide physician owned and operated medical practice that provides telehealth care exclusively on Amwell platforms. The Amwell app is the direct-to-consumer telehealth platform of Amwell. The app connects people with doctors over secure video, without the need for an appointment.

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.

The Amwell Converge™ platform enables you to shift from episodic telehealth transactions to a longitudinal, hybrid care strategy, creating a comprehensive care model that unites in-person, virtual, and automated settings for a care-anywhere experience.

Amwell's revenue declined 7% year over year in the first quarter, missing Wall Street expectations on revenue as the telehealth vendor works to right its financial ship. The company reported revenue of $59.5 million, down from $64 million in the first quarter of 2023.

Teladoc Health supports 75.9% and excels at Document Management, Mobile Capabilities and Tele-consultation Scheduling. Amwell has an analyst rating of 70 and a user sentiment rating of 'good' based on 4 reviews, while Teladoc Health has an analyst rating of 51 and a user sentiment rating of 'poor' based on 99 reviews.

If I go see a doctor, can that doctor see my medical records from another doctor? It depends. If the new doctor is not part of the network of you previous physician, you must send record or give the new doctor access. If the matter concerns certain classes of medication, there is a database.

Current and historical gross margin, operating margin and net profit margin for American Well (AMWL) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. American Well net profit margin as of March 31, 2024 is -137.32%.

Yes, during your visit just ask the doctor to write you a doctor's note and you will get a secure message with the sick slip attached. This note is stored in your account under both secure messages and past visits.

Dr. Roy Schoenberg is President and CEO of Amwell.

How many employees does Amwell have? ›

With over a decade of experience, Amwell powers the digital care of more than 55 health plans, which collectively represent more than 90 million covered lives, and many of the nation's largest health systems, representing over 2,000 hospitals, have access to Amwell solutions.

"Implementing AI voice technology into Amwell's hybrid care platform not only helps their providers avoid the burdensome documentation work that leads to significant burnout across the healthcare industry, it also helps providers be more engaged during appointments," said Soni.

Amwell telehealth app allows you to connect with a doctor and other board-certified, experienced medical providers from home or on-the-go.

Converge is a hosted payment gateway solution that allows businesses of all types to prioritize payment security and accept payments securely and quickly wherever they take place.

For the full year, Amwell brought in $259 million in revenue, down 6% from $277 million in 2022.

The highest rates were among those covered by Medicaid (28.3%) and Medicare (26.8%), Black individuals (26.1%), and people earning less than $25,000 (26.4%). According to data gathered by the Centers for Disease Control and Prevention (CDC), in 2021, 37% of adults had accessed telemedicine in the previous 12 months.