Comparing the current results to its competitors, American Well reported Revenue decrease in the 2 quarter 2026 year on year by -26.59 %, faster than the overall decrease of American Well's competitors by -0.8 %, recorded in the same quarter.
American Well's Comment on Competition and Industry Peers
The competitive landscape includes companies developing and marketing virtual care and digital care platforms and services. Competitors are assessed based on technology, functionality, services, experience, client support, client base, and reputation. Key competitors include telehealth platforms Teladoc and Caregility; consumer-focused telehealth providers Included Health and MDLive; technology firms Microsoft, Amazon, and Zoom; virtual nursing providers Care.AI and Avasure; electronic health record (EHR) providers Epic, Oracle Health, Allscripts, and athenahealth; digital patient engagement companies Twistle, GetWell Loop, and Memora Health; and digital behavioral health companies Ableto, Headspace, Array, and Neuroflow. Many of these companies also serve as partners or potential partners, with integration and collaboration opportunities expanding as the Amwell Platform opens to third-party innovators.
July 17, 2024
Amwell, a leading company in hybrid care enablement, is set to announce its second-quarter operating results on Wednesday, July 31, 2024. This press release highlights Amwell s commitment to transparency and keeping stakeholders informed about their financial performance. The company, listed on the New York Stock Exchange under the ticker symbol AMWL, has been at the forefront of revolutionizing healthcare by providing innovative solutions that combine the best of virtual and in-person care.Amwell s second-quarter operating results are anticipated with great interest, as the company has been making significant strides in the healthcare industry. As the demand for telehealth and virtual care solutions continu...
April 29, 2024
As healthcare continues to evolve in the digital age, virtual care solutions provider Amwell has taken substantial strides towards empowering patients and caregivers alike. In its recently released 2024 Corporate Responsibility Report, the company outlines its unwavering commitment to enabling digital healthcare with purpose. With their innovative technology, dedication to social responsibility, and commitment to improving wellness outcomes, Amwell is spearheading a transformative shift in the healthcare landscape.The report sheds light on Amwell s significant progress towards enhancing access to quality healthcare services, reducing barriers, and driving positive change across the healthcare ecosystem. Thro...
April 25, 2024
Founded in 2006 by brothers Ido and Roy Schoenberg, Amwell has consistently championed the fusion of in-person medical care and digital healthcare solutions. The company s robust digital platform supports integrated care delivery by facilitating live doctor visits, multi-disciplinary collaborations, direct consumer engagements, and chronic care management. The forthcoming participation in the Needham Technology, Media, and Consumer Conference further underscores Amwell s commitment to shaping the future of healthcare. The conference famous for its global recognition provides an interactive platform for several fortune 500 companies, making it a perfect destination for Amwell to exhibit its cutting-edge, valu...
Publicly Traded Peers of American Well Corporation
Accolade Inc Share Performance
+105.87%
This Year
Accolade Inc
Profile
Accolade Inc is a healthcare technology and services company that focuses on personalized advocacy. Their business model revolves around providing individuals with a single point of contact who helps navigate and optimize their healthcare experience, resulting in improved outcomes and reduced costs. They work closely with employers, health plans, and health systems to deliver these services and improve the overall healthcare experience for individuals.
Teladoc Health Inc is a telehealth company that operates a virtual healthcare delivery platform connecting patients with doctors via video consultations. The company generates revenue by charging patients, employers, and health plans a fee for its on-demand medical services. Teladoc's business model focuses on providing convenient, accessible, and cost-effective healthcare solutions, aiming to reduce the need for in-person doctor visits and improve patient outcomes.
Doximity Inc. operates as an online networking platform for medical professionals, connecting doctors and enabling collaboration through its secure platform. The company primarily generates revenue through its subscription-based services, offering premium features to physicians and healthcare organizations. By building a robust network of verified doctors and providing valuable tools and services, Doximity aims to streamline communication and improve healthcare outcomes.
The Cigna Group operates as a global health service company that provides a diverse array of health insurance products and services. Their business model emphasizes affordable and personalized healthcare solutions for individuals, employers, and governments, with a strong focus on improving health outcomes and overall well-being. To achieve these goals, Cigna collaborates with healthcare providers and partners to ensure quality care, manage costs effectively, and enhance the overall customer experience.
Sources:
American Well Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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