Amwell

Amwell was set up by brothers Drs. Ido and Roy Schoenberg in 2006.

The brothers grew up in a village outside Jerusalem and both attended medical school in Israel. Roy completed his mandatory military service as a doctor, while Ido served in the military prior to his studies.

In 1996, Ido and his wife Phyllis Gotlib founded medical software maker iMDsoft. Roy founded healthcare management software firm CareKey and brought Ido on board as CEO. After selling CareKey to TriZetto Group in 2005, Ido and Roy decided to started working on Amwell, basing the company out of Boston.

The company offers 24-hour teleconference access to licensed and credentialed physicians. It sells its platform as a subscription service to healthcare providers to put their medical professionals online and helps clients white-label and embed telehealth within their existing healthcare offerings for their patients and members.

Amwell enables care delivery across the healthcare continuum – from primary care and urgent care to high acuity specialty consults and telepsychiatry.

The platform has compatibility with clients’ portals and provider workflows. Providers can launch telehealth directly from their native Electronic Health Records (EHRs) with integration to their payer eligibility and claims systems.

Providers, patients and members can access this care through a variety of platforms, including mobile, web, phone and proprietary kiosks and carts that support multi-way video, phone or secure messaging interactions.

In 2009, Amwell raised $10 million in a Series A round from unnamed investors.

In 2012, this financing was expanded to a total of $37 million.

In 2014, Amwell raised a further $81 million in a Series C round, initially planned for $25 million and oversubscribed. This was followed by a $5 million venture round in August 2015.

In 2018, Amwell raised $291 million in June, and an additional $75m later in the same year after the company signed a strategic partnership with Royal Philips.