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

August 28, 2020
Digital Transformation More...
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.

For the original news article, click here .

Further Reading

Finnish multimodal transportation company MaaS Global raises $32.7 million round

News Commentary | November 18, 2019

The raise likely makes the company the most funded player specifically developing a multimodal transportation application, excluding Uber and Alphabet. This is fitting, as we've heard from our network that customer acquisition costs are high for the company's Whim app. While MaaS Global intends to ... To read more, click here.

Neenah Inc. backs out from acquisition deal with Vectorply

News Commentary | April 27, 2020

M&As are the last priority for companies across industries, so it is not surprising that Neenah canceled its deal with Vertorply. Vectorply seems like a paper company with an undifferentiated service offering and standard composite products, so it makes little sense for Neenah to acquire it ... Not part of subscription

Telehealth provider MDLive receives $50 million investment round; will need to look to remote monitoring devices to stay competitive

News Commentary | September 21, 2020

MDLive's offering focuses on video and phone conferencing software to bring value to clients. As patients gain unprecedented exposure to telehealth services, there is likely to be continued demand, even after the pandemic ends. However, there is only so much that can be done with video chat software... Not part of subscription