What You Should Know: - Amwell launches new smart tv Carepoint device that enables hospitals to use televisions for telehealth in an effort to help hospitals scale and simplify access to telehealth by using devices that already exist in patient rooms. Intermountain Healthcare has already successfully deployed more than 1,200 units across nearly 50 locations. - Designed to further expand integrated telehealth connectivity via the Amwell platform, the new
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Concentra Transitions Telemed Offering from Amwell to eVisit Virtual Care Platform
What You Should Know: - Concentra recently transitioned their
three-year-old Concentra Telemed® offering from Amwell to the eVisit Virtual
Care platform. - The eVisit Virtual Care platform is
supporting all of Concentra’s telemedicine requirements, including its
industry-leading 24/7/365 Concentra Telemed offering and Concentra Telerehab®,
conducting more than 8,000 virtual visits a month. - eVisit
was founded six years ago and is already in use at more than 100
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UnitedHealth Rolls Out Employer Virtual Primary Care Plan
What You Should Know: - UnitedHealthcare is rolling out a virtual primary care plan for employers that will be powered by telehealth platform Amwell, CNBC first reports. - The virtual primary care plan will allow patients access
to physicians with low or no co-pays for routine care via phone or computer. - The virtual primary care program will be available for employers in 11 states including Colorado, Texas, and Maryland, as well as Washington, DC.
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Recent Executive Hires: CVS Health New President, Cleveland Clinic/Amwell Joint Venture Leadership, Others
CVS Health Corporation names Neela Montgomery Executive Vice President and President of CVS Pharmacy/Retail, effective November 30, 2020. Montgomery will oversee the company's 10,000 pharmacies across the United States. Montgomery, currently a Board Partner at venture capital firm Greycroft, most recently served as chief executive officer of furniture retailer Crate & Barrel and has nearly 20 years of global retail experience. The Cleveland Clinic and Amwell joint venture appoint
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Amwell Launches New Offerings to Increase Doctor-to-Patient Virtual Connectivity
What You Should Know: - Amwell just announced some new offerings Amwell Now, Touchpoint
Tablet software, and C500 to help increase doctor-to-patient virtual
connections as patient and doctor preferences change in light of the pandemic. - The new solutions (a quick-to-deploy video visit offering, new tablet software, and a telemedicine cart) are designed to be easy-to-use but fully integrated in the provider’s systems and secure. Amwell, a
national telehealth
leader, today announced
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From Virtual Care to Hybrid Care: COVID-19 and the Future of Healthcare
Amwell,
a national telehealth leader, released the results of its annual Physician and Consumer Survey. The results show physicians
and consumers expect to use telehealth more often following COVID-19 than they
did before the pandemic. Telehealth usage is up considerably in 2020, with 22%
of consumers and 80% of physicians having a virtual visit this year, up from 8% and 22%, respectively, in 2019. This adoption is largely driven
by a shift to scheduled visits across all
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Amwell and Cigna Ranks High in Telehealth Patient Satisfaction, J.D. Power Finds
What You Should Know: - Amwell ranks highest among direct to consumer brands
and Cigna ranks highest among health plans for telehealth patient satisfaction,
according to the J.D. Power 2020 U.S. Telehealth Satisfaction Study - Though telehealth has been pitched as a solution to
improve access to healthcare for everyone, more than half (52%) of telehealth
users say they encountered at least one barrier that made it difficult to use
telehealth. Patient satisfaction with
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Amwell, Tyto Care Expand Partnership to Power Augmented Virtual Care Experiences
What You Should Know: - Tyto
Care and Amwell® announced an expanded partnership, allowing
the companies to develop new integrations to enhance virtual care offerings for
providers. - By pairing Tyto Care’s TytoHome device and platform
with Amwell’s platform, the two companies will together provide patients
and providers with augmented virtual care experiences and
broadly enrich the capabilities and satisfaction with healthcare organizations’
virtual
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AmWell IPO and Google Deal – Five Key Takeaways to Know
1) COVID-19 Has Driven Revenue Up 77% The headline revenue data (summarised below) provides very positive news for AmWell and its new investor, Google. Notably: - Even prior to COVID-19, the company was growing well with revenues increasing by 31% in 2019 compared to 2018. - This rate of growth has accelerated in 1H20, with overall revenue up 77% in the same period in 2019. - The 2019 growth was partly driven by a small increase in the number of health plan subscription customers and
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Analysis: August Health IT M&A Activity; Public Company Performance
– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of August 2020. M&A is back and the velocity of the rebound has outpaced all expectations. The recovery quickly worked its way across the spectrum from large to small-cap, beginning with the larger cap NASDAQ rally of nearly 80% from lows in late March (only to soften in recent days), followed by multi-billion
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