American Well Corporation
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Ido Schoenberg
- Full Time Employees
- 562
- Sector
- Healthcare
- Industry
- Medical - Healthcare Information Services
- Address
- 75 State Street Boston MA United States of America 02109
- IPO Date
- Sep 17, 2020
- CIK
- 0001393584
- Website
- business.amwell.com
- Similar Companies
- Business
- American Well Corporation American Well Corporation (AMWL), doing business as Amwell and founded in 2006 with headquarters in Boston, Massachusetts, operates as a leading enterprise telehealth platform provider that digitally enables hybrid care delivery, including in-person, virtual, and automated services, primarily to health systems, health plans, employers, providers, government entities, and innovators across the United States and internationally. The company offers its flagship Converge cloud-based platform, which supports virtual primary care, post-discharge follow-up, chronic condition management, virtual nursing, e-sitting, on-demand and scheduled virtual visits, specialty consults, automated care, and behavioral health; specialty care programs encompassing dermatology, musculoskeletal care, second opinion, and cardiometabolic care; Carepoint devices that convert carts, peripherals, tablets, and TVs into digital access points in clinical settings; Amwell Medical Group network services featuring primary and urgent care, behavioral health therapy, lactation counseling, and nutrition services; and professional services for implementation, workflow design, systems integration, service expansion, patient engagement, and provider engagement. Amwell sells its solutions through field sales professionals, channel partners, and value-added resellers, targeting providers, payers, government, and higher education sectors while enabling care across the healthcare continuum from urgent care to high-acuity specialty consults like telestroke and telepsychiatry. In recent developments, the company outlines a 2025 revenue target of $245 million to $248 million with a strategic shift toward high-margin AI initiatives and operational efficiency aimed at achieving cash flow break-even by the end of 2026; reports third-quarter 2025 revenue of $56.3 million despite an 8% year-over-year decline, alongside improved adjusted EBITDA losses and key platform deployments such as replacing MHS Video Connect with full integration into MHS GENESIS electronic health records, nearly tripling virtual visits, and expanding to the U.S. Coast Guard and Military Entrance Processing Command; and won a significant contract with Florida Blue while exploring potential divestitures of non-core assets to streamline operations and enhance its core AI and innovation focus.
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