OverviewSuggest Edit

Amwell (American Well) is a company providing a telehealth application that connects and enables providers, insurers, patients, and innovators to deliver access to healthcare. It offers health system modules and health plan programs in urgent care, pediatrics, therapy, menopause nutrition and counseling, telestroke, population health management, telepsychiatry, pregnancy and postpartum nutrition, pregnancy and postpartum therapy, breastfeed support,  menopause care, pregnancy and postpartum care, and chronic disease management services. The company also provides telemedicine equipment, including telemedicine carts, peripherals, and kiosks.
TypePublic
Founded2006
HQBoston, MA, US
Websitebusiness.amwell.com
Employee Ratings3.5
Overall CultureC

Latest Updates

Employees (est.) (Feb 2021)527(+4%)
Job Openings21
Revenue (FY, 2020)$245.3 M(+65%)
Share Price (Jun 2021)$12.6(-2%)
Cybersecurity ratingBMore

Key People/Management at Amwell

Ido Schoenberg

Ido Schoenberg

Chairman & CEO
Roy Schoenberg

Roy Schoenberg

President & CEO
Cory Costley

Cory Costley

SVP, Devices
Bradford Gay

Bradford Gay

SVP and General Counsel
Serkan Kutan

Serkan Kutan

Chief Technology Officer
Amber Howe

Amber Howe

Chief People Officer
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Amwell Office Locations

Amwell has offices in Boston, Reston, Seattle and Ramat Gan
Boston, MA, US (HQ)
75 State St
Reston, VA, US
12018 Sunrise Valley Dr #315
Seattle, WA, US
Wells Fargo Center, 999 3rd Ave #680
Ramat Gan, IL
32nd floor, Derech Menachem Begin 11, Ramat Gan
Show all (4)

Amwell Financials and Metrics

Amwell Revenue

Amwell's revenue was reported to be $245.27 m in FY, 2020
USD

Revenue (FY, 2020)

245.3m

Net income (FY, 2020)

(228.6m)

EBIT (FY, 2020)

(227.4m)

Market capitalization (4-Jun-2021)

3.0b

Closing stock price (4-Jun-2021)

12.6

Cash (31-Dec-2020)

941.6m

EV

2.1b
Amwell's current market capitalization is $3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

114.0m148.9m245.3m

Revenue growth, %

31%

Cost of goods sold

58.6m80.0m

Gross profit

55.3m68.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

33.7m35.4m34.7m53.7m68.6m62.6m

Cost of goods sold

18.6m17.4m19.1m33.0m43.8m42.1m

Gross profit

15.1m18.0m15.7m20.7m24.7m20.4m

Gross profit Margin, %

45%51%45%39%36%33%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

48.0m137.7m941.6m

Accounts Receivable

30.8m32.7m45.3m

Prepaid Expenses

4.8m8.9m14.1m

Inventories

2.5m3.1m9.1m
Quarterly
USDQ3, 2020

Cash

956.4m

Accounts Receivable

40.0m

Prepaid Expenses

8.4m

Inventories

7.8m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(53.3m)(88.4m)(228.6m)

Depreciation and Amortization

5.3m7.8m10.2m

Inventories

1.6m(592.0k)(6.0m)

Accounts Payable

(787.0k)1.2m(707.0k)
Quarterly
USDQ3, 2019Q3, 2020

Net Income

(65.6m)(178.0m)

Depreciation and Amortization

5.7m7.4m

Inventories

(500.0k)(4.7m)

Accounts Payable

13.0k(135.0k)
USDFY, 2018

Financial Leverage

-2.4 x
Show all financial metrics

Amwell Operating Metrics

May, 2020Feb, 2021

Health Projects

240

Hospitals Served

2 k2 k

Members

80 m

Partners

5555
Show all operating metrics

Amwell Acquisitions / Subsidiaries

Company NameDateDeal Size
Aligned Telehealth LLCNovember 07, 2019
Avizia LLCApril 30, 2018
American Well Israel Ltd
National Telehealth Network LLC

Amwell Revenue Breakdown

Embed Graph

Amwell revenue breakdown by business segment: 56.2% from Platform subscription, 27.3% from Visits and 16.4% from Other

Amwell Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Amwell Online and Social Media Presence

Embed Graph

Amwell Company Culture

  • Overall Culture

    C

    70/100

  • CEO Rating

    D-

    59/100

  • Compensation

    C+

    70/100

Learn more on Comparably

Amwell News and Updates

Amwell Launches New Products As It Posts First Earnings Since IPO

The Boston-based telehealth company beat revenue expectations but missed on earnings per share.

Teladoc files lawsuit against Amwell over alleged patent infringement

Amwell told Healthcare It News that it believes the claims lack merit and that it intends to "defend against them vigorously."

What’s Next For Amwell After 55% Growth From IPO Price?

Amwell,a telehealth company that went public recently, is now valued at about $6.5 billion, or about $28 per share, implying 55% gains from its IPO price of $18 a share. The company trades at 18x trailing Revenues largely in-line with some other telehealth companies...

Amwell ranks No. 1 on telehealth satisfaction by users

Summary List PlacementTelehealth users going through direct-to-consumer (D2C) vendors are highly satisfied: On a 1,000-point scale, patients ranked their satisfaction with telehealth at 856, on average, according to a new JD Power survey of 4,302 US consumers. And while there wasn't much discrepancy…

Amwell ranks highest for DTC telehealth satisfaction, says J.D. Power

A new survey released this week found that overall customer satisfaction with telehealth is high, but barriers to access remain.

Amwell Announces Closing of Upsized Initial Public Offering and Full Exercise of the Underwriters' Option to Purchase Additional Shares

BOSTON, Sept. 21, 2020 /PRNewswire/ -- Amwell®, a national telehealth leader, today announced the closing of its upsized initial public offering of 47,405,555 shares of its Class A common stock at an initial offering price of $18.00 per share, which includes the full exercise of the...
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Amwell Blogs

Intermountain Healthcare Demonstrates Telehealth ROI

Intermountain Healthcare discussed the ROI of telehealth from the perspective of an integrated health system The post Intermountain Healthcare Demonstrates Telehealth ROI appeared first on American Well.

Pediatric Telehealth Success: Children’s Health, Children’s Omaha, Pediatric Associates

Children's Health of Dallas, Children's Hospital & Medical Center of Omaha and Pediatric Associates discuss how their organizations are revamping care through pediatric telehealth. The post Pediatric Telehealth Success: Children’s Health, Children’s Omaha, Pediatric Associates appeared first on …

Recognizing the Leaders of Telehealth

At this year’s Client Forum, hosted in Boston, MA, American Well recognized some of our trusted clients who have been extraordinary leaders throughout their telehealth journey. Clinical Innovation First in Clinical Innovation, we recognized achievements in clinical use cases, provider adoption and e…

Diabetes and Telehealth

Diabetes care has long since progressed to a state where self management is the normal course of action for adults and even many children. Through dietary controls, activity regimens, and automatic injectors with pre-measured doses of insulin, one might think there was little room for improvement. A…

Amwell Frequently Asked Questions

  • When was Amwell founded?

    Amwell was founded in 2006.

  • Who are Amwell key executives?

    Amwell's key executives are Ido Schoenberg, Roy Schoenberg and Cory Costley.

  • How many employees does Amwell have?

    Amwell has 527 employees.

  • What is Amwell revenue?

    Latest Amwell annual revenue is $245.3 m.

  • What is Amwell revenue per employee?

    Latest Amwell revenue per employee is $465.4 k.

  • Who are Amwell competitors?

    Competitors of Amwell include Doctor on Demand, Ada Health and Teladoc Health.

  • Where is Amwell headquarters?

    Amwell headquarters is located at 75 State St, Boston.

  • Where are Amwell offices?

    Amwell has offices in Boston, Reston, Seattle and Ramat Gan.

  • How many offices does Amwell have?

    Amwell has 4 offices.