NEWS COMMENTARY

Amwell files for IPO, will need to invest in remote monitoring platform to succeed

Published:
August 28, 2020
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Digital Transformation More...
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Very important

This move by telehealth company Amwell (formerly American Well) is riding a wave of unprecedented legislative and funding support for telehealth, but clients should be aware that the company is predominantly focused on video conferencing software despite last year's launch of a hospital-based remote patient monitoring cart. Amwell will need to use all available resources from the IPO to develop or acquire a platform that integrates a more consumer-focused remote monitoring offering in order to compete with major rival Teladoc's staggering Livongo acquisition. Without these tools, Amwell will struggle to remain relevant as the future of telehealth moves away from traditional conferencing software.

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