American Well Corporation AMWL

Company Overview

American Well Corporation (NYSE: AMWL), commonly known as Amwell, is a U.S.-based digital healthcare and telehealth technology company that provides virtual care infrastructure, software platforms, and clinical integration tools for healthcare providers, insurers, and government organizations. The company operates primarily within the digital health, healthcare IT, and telemedicine industries, enabling remote medical consultations, hybrid care delivery, patient engagement, and clinical workflow management. Its core revenue drivers include subscription-based platform services, software licensing, implementation services, and virtual care enablement solutions for health systems and payers.

Amwell’s primary business revolves around its Amwell Converge platform, which integrates telehealth workflows, scheduling, clinical programs, and interoperability tools into healthcare delivery systems. The company serves large health systems, insurance providers, employers, and government healthcare agencies, with a particular focus on enterprise healthcare clients rather than direct-to-consumer telemedicine. Founded in 2006 by brothers Ido Schoenberg and Roy Schoenberg, the company evolved from an online physician consultation platform into an enterprise-grade virtual care infrastructure provider. Amwell expanded significantly during the COVID-19 pandemic as demand for remote healthcare delivery accelerated across hospitals and insurers.