HIT Consultant September 10, 2020
1) COVID-19 Has Driven Revenue Up 77%
The headline revenue data (summarised below) provides very positive news for AmWell and its new investor, Google. Notably:
– Even prior to COVID-19, the company was growing well with revenues increasing by 31% in 2019 compared to 2018.
– This rate of growth has accelerated in 1H20, with overall revenue up 77% in the same period in 2019.
– The 2019 growth was partly driven by a small increase in the number of health plan subscription customers and an increase in the volume of solution modules taken by each. However, more influential was the increase in the number of health systems customers and the increase in “AMG Paid Visit” revenue (i.e. non-subscription customers...