American Well Receives $80 Million in Funding | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

American Well Receives $80 Million in Funding

December 16, 2014
by Gabriel Perna
| Reprints
Boston-based telehealth vendor, American Well has raised $80 million in funding and added various investors to its ownership team. 
 
American Well, which runs a direct-to-patient telehealth platform that has been used by various health systems, payers and employers, says the new funding will support mobile and web-based applications. The investors include health plans and academic medical centers, specifically Jefferson Health System and Anthem Inc., according to the company’s announcement. 
 
Stephen Klasko, M.D., President and CEO at Jefferson Health System, said in a statement: “With American Well’s technology, the patient doesn’t have to wait to be really sick to engage with their doctor. We believe that telehealth can dramatically improve readmission rates and will play a major role in patient care now, and into the future.”
 
American Well’s latest investment comes at a time when similar, “direct to consumer” products are taking hold in the market. One of the company’s competitors, TelaDoc, raised $50 million on its own this past fall
 
Topics

News

Former Health IT Head in San Diego County Charged with Defrauding Provider out of $800K

The ex-health IT director at North County Health Services, a San Diego County-based healthcare service provider, has been charged with spearheading fraudulent operations that cost the organization $800,000.

Allscripts Touts 1 Billion API Shares in 2017

Officials from Chicago-based health IT vendor Allscripts have attested that the company has reached a new milestone— one billion application programming interface (API) data exchange transactions in 2017.

Dignity Health, CHI Merging to Form New Catholic Health System

Catholic Health Initiatives (CHI), based in Englewood, Colorado, and San Francisco-based Dignity Health officially announced they are merging and have signed a definitive agreement to combine ministries and create a new, nonprofit Catholic health system.

HHS Announces Winning Solutions in Opioid Code-a-Thon

The U.S. Department of Health and Human Services (HHS) hosted this week a first-of-its-kind two-day Code-a-Thon to use data and technology to develop new solutions to address the opioid epidemic.

In GAO Report, More Concern over VA VistA Modernization Project

A recent Government Accountability Office (GAO) report is calling into question the more than $1 billion that has been spent to modernize the Department of Veterans Affairs' (VA) health IT system.

Lawmakers Introduce Legislation Aimed at Improving Medicare ACO Program

U.S. Representatives Peter Welch (D-VT) and Rep. Diane Black (R-TN) have introduced H.R. 4580, the ACO Improvement Act of 2017 that makes changes to the Medicare accountable care organization (ACO) program.