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Google Invests $100 Million in Telehealth Provider Amwell at IPO

by | Aug 25, 2020 | Doctor, Issue 114, News, Remote Patient Monitoring (RPM), Telehealth | 0 comments

Not surprisingly, this year’s COVID-19 pandemic has spurred on a large increase in the usage of Telehealth procedures with over 2.9 million electronic visits completed within the first six months of 2020. As a result, Google has recently stated that they have filed to go public with their current investment made in the previously known Telehealth provider American Well (now known as Amwell) in the amount of 100 million dollars. This investment would be provided by Google’s Cloud Division with Amwell primarily choosing Google Cloud as its “preferred global cloud partner”. Thus, Google will no longer be using Amazon Web service.

With expectations of Telehealth growing even larger in the future due to continued avoidance of physical spaces, Google and Amwell plan on developing new telehealth technologies. A savvy integration of opportunity plus societal need as the use of Telehealth in the health care system gives patients flexibility with appointments and access to the best care while adding efficiency for health care providers to receive payments. Since the end of 2019, Amwell has seen almost three times the amount of revenue and use of service. It faces competition from both Livongo and Teladoc, two companies that merged in a 18.5 billion dollar deal. Another Telehealth provider that specializes in remote patient monitoring, TopDocRX, headquartered in Las Vegas, is rumored to be in talks for acquisition. They could not be reached for comment.

Top Doctor Magazine
Top Doctor Magazine

Hello friends and welcome to Top Doctor Magazine. I am excited to present our inaugural issue featuring the Dr. C.L. Gray as the New Face of Medicine on our cover. Dr. Gray is a true asset to the world of medicine and I know you will glean a great deal from what he has to share.

As Editor-in-Chief, I am pleased to be able to be enjoying my passion for media on the Top Doctor team. We are committed to bringing you the most up to date information in the world of medicine, as well as uplifting content to encourage you in your daily life.

We have purposely sectioned off the magazine for your easy accessibility, Healthy Lifestyle, Healthy Business, Healthy Mind, Healthy Family, Healthy Marriage and Relationships, Healthy Parenting, Healthy Humor, Wholeness and Wellness, and lastly Spiritual Health. Our writers are experts in their field and will be sharing with you valuable information as well as some of their own personal journey of success.

I hope this issue is one you will enjoy. Please feel free to write in your comments and suggestions to info@topdoctormagazine.com. We would love to hear from you.

Kevan Robinson

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