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American Well Corporation

AMWL Healthcare Health Information Services

American Well Corporation’s revenue for fiscal 2025 (year ended December 2025) was $249.3 million, down 1.98% from fiscal 2024. In the quarter to June 2026, revenue fell 26.6%, EPS grew 52.4% and free cash flow grew 266.4%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years; insiders bought in the last twelve months.

11.68 0.70 −5.65%
Market cap
$210.6M
P/E
0.0×
Fwd P/E
−2.6×
Dividend yield
—
F-score
6/9
Altman Z
−7.95
Beneish M
−3.29
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

American Well Corporation (AMWL) Business Profile

Updated before January 2025

Company Overview

American Well Corporation (AMWL), commonly known as Amwell, is a leading telehealth company that provides digital healthcare solutions to patients, healthcare providers, and insurers. Founded in 2006 by brothers Dr. Ido Schoenberg and Dr. Roy Schoenberg, Amwell is headquartered in Boston, Massachusetts. The company was established with the mission of making healthcare more accessible and affordable through technology. Over the years, Amwell has grown into a prominent player in the telehealth industry, leveraging its innovative platform to connect patients with healthcare professionals remotely.

Amwell’s leadership team is spearheaded by its co-founders, with Dr. Ido Schoenberg serving as Chairman and CEO, and Dr. Roy Schoenberg as President and Co-CEO. The company also boasts a strong executive team with expertise in healthcare, technology, and business operations, which has been instrumental in driving its growth and innovation.

Core Business Segments

Amwell operates across several core business segments, offering a wide range of telehealth solutions tailored to meet the needs of various stakeholders in the healthcare ecosystem. These segments include:

1. Telehealth Platform and Software Solutions

Amwell provides a robust telehealth platform that enables healthcare providers to deliver virtual care services. Key offerings include:

  • Amwell Platform: A comprehensive, scalable telehealth solution that integrates with electronic health records (EHRs) and other healthcare systems.
  • Amwell Now: A simplified telehealth solution designed for smaller practices and individual providers.
  • Converge Platform: A next-generation platform that enhances interoperability and user experience.

2. Clinical Services

Amwell offers on-demand clinical services through its network of licensed healthcare professionals. These services include:

  • Urgent Care: Virtual consultations for non-emergency medical issues.
  • Behavioral Health: Access to mental health professionals for therapy and counseling.
  • Chronic Care Management: Support for patients managing long-term conditions such as diabetes and hypertension.

3. Enterprise Solutions

Amwell partners with health systems, insurers, and employers to provide customized telehealth solutions. Key products include:

  • Health Plan Solutions: Telehealth services integrated into insurance plans.
  • Employer Solutions: Virtual care offerings for employee wellness programs.
  • Hospital and Health System Solutions: Tailored telehealth platforms for large healthcare organizations.

4. Devices and Hardware

To enhance the telehealth experience, Amwell offers a range of devices and hardware, including:

  • Telemedicine Carts: Mobile units equipped with cameras and diagnostic tools for virtual consultations.
  • Connected Devices: Tools such as blood pressure monitors and glucose meters that integrate with the telehealth platform.

Business Model

Amwell operates on a subscription-based business model, generating revenue through licensing fees, usage fees, and service fees. The company collaborates with healthcare providers, insurers, and employers to integrate its telehealth solutions into their existing systems. Revenue streams include:

  • Platform Licensing: Fees for access to the Amwell telehealth platform.
  • Consultation Fees: Charges for virtual visits conducted through the platform.
  • Partnership Agreements: Revenue from collaborations with health systems and insurers.

Amwell’s business model emphasizes scalability and flexibility, allowing it to cater to a diverse range of clients while maintaining a strong focus on patient outcomes and satisfaction.

Strategic Direction

Amwell is committed to expanding its telehealth offerings and driving innovation in digital healthcare. Key strategic priorities include:

  • Service Expansion: Increasing the range of clinical services available on its platform, including specialty care and remote monitoring.
  • Global Growth: Expanding its presence in international markets to address the growing demand for telehealth solutions worldwide.
  • Sustainability Goals: Reducing the environmental impact of healthcare delivery by promoting virtual care as a sustainable alternative to in-person visits.
  • New Product Development: Investing in research and development to create cutting-edge telehealth technologies and solutions.

Competitive Landscape

Amwell operates in a highly competitive telehealth market, facing competition from both established players and emerging startups. Key competitors include:

  • Teladoc Health: A leading telehealth provider offering a wide range of virtual care services.
  • MDLIVE: A telehealth company specializing in urgent care and behavioral health services.
  • Doctor on Demand: A platform focused on virtual primary care and mental health services.
  • Zoom for Healthcare: A video conferencing solution tailored for telehealth applications.

Despite the competition, Amwell differentiates itself through its comprehensive platform, strong partnerships, and focus on innovation.

Risk Factors

Amwell faces several risks that could impact its business operations and financial performance, including:

  • Market Dependence: Reliance on the adoption of telehealth by healthcare providers and patients.
  • Regulatory Challenges: Compliance with evolving healthcare regulations and data privacy laws.
  • Supply Chain Disruptions: Potential delays in the production and delivery of telehealth devices and hardware.
  • Competition: Intense competition from other telehealth providers and technology companies.

Recent Developments

Amwell has made significant strides in recent years, including:

  • Launch of the Converge Platform: A next-generation telehealth platform designed to enhance user experience and interoperability.
  • Partnerships with Health Systems: Collaborations with leading healthcare organizations to expand access to virtual care.
  • COVID-19 Response: Rapid scaling of telehealth services to meet the surge in demand during the pandemic.
  • Acquisitions: Strategic acquisitions of companies such as SilverCloud Health and Conversa Health to strengthen its mental health and patient engagement offerings.

Investment Considerations

Investors considering Amwell should weigh the following factors:

Strengths:

  • Market Leadership: Strong position in the growing telehealth industry.
  • Innovative Solutions: Continuous investment in technology and product development.
  • Strategic Partnerships: Collaborations with major healthcare providers and insurers.

Risks:

  • Profitability Challenges: Ongoing investments in growth and innovation may impact short-term profitability.
  • Regulatory Risks: Potential changes in telehealth regulations could affect operations.
  • Competitive Pressure: Intense competition in the telehealth market.

Conclusion

American Well Corporation is a pioneer in the telehealth industry, offering innovative solutions that enhance access to healthcare. With a strong focus on technology, strategic partnerships, and service expansion, Amwell is well-positioned to capitalize on the growing demand for virtual care. While the company faces challenges such as competition and regulatory risks, its commitment to innovation and patient-centric care provides a solid foundation for future growth.