Telehealth provider Amwell on Wednesday (July 31) reported second-quarter revenue of $62.8 million (above guidance of $61.1 million), driven by $27.5 million in subscription revenue and $28.7 million from visits to Amwell Medical Group (AMG). Despite a net loss of $49.9 million — down from...
Amazon’s pay-per-visit telehealth service and its One Medical program are now a single brand. The company announced Thursday (June 27) that Amazon Clinic, introduced in 2022, was being renamed Amazon One Medical Pay-per-visit. With that name change comes some others: customers now have the choice...
CVS Health announced profitable fourth-quarter (Q4) and full-year earnings on Wednesday (Feb. 7), crediting initiatives to improve primary care and expand omnichannel health services. These efforts aim to provide consumers with accessible care options, whether in-person, virtually or at home, the company told investors on a call. In terms...
The healthcare industry is undergoing a digital transformation, with telehealth services gaining popularity among consumers of all ages. Even baby boomers, often stereotyped as resistant to technology, are embracing the trend, according to findings from a PYMNTS Intelligence research study. In fact, contrary to stereotypes, the...
July 19, 2023
First popularized as a replacement for in-person healthcare visits during the pandemic, telemedicine has since found a more permanent footing for patients. The steady rate of consumers participating in at least monthly telemedicine appointments since January 2022 is noted in proprietary research prepared for the PYMNTS’ April “ConnectedEconomy™ Monthly Report.” Consumer participation in telehealth during […]
March 05, 2020
Although house calls were the most common method by which doctors gave medical care just a few generations ago, as of the second decade of the 20th century, most people...
October 09, 2024
Maven Clinic, a virtual health startup aimed at women and families, has reached unicorn status. The company announced Tuesday (Oct. 8) that it had raised $125 million in a Series F funding round, valuing the firm at $1.7 billion. In a message posted to the Maven website, CEO Katie Ryder noted that this makes the […]
June 27, 2024
Amazon’s pay-per-visit telehealth service and its One Medical program are now a single brand. The company announced Thursday (June 27) that Amazon Clinic, introduced in 2022, was being renamed Amazon...
November 05, 2023
Already a multibillion-dollar industry, telemedicine’s value is projected to jump fivefold in nine years. That’s according to a recent report by Emergen Research, showing the global telehealth market reaching around $450 billion...
August 02, 2023
Telehealth company Amwell highlighted successful client migrations, virtual nursing capabilities and a focus on business development during its Q2 2023 earnings call. During the Wednesday (Aug. 2) call, Amwell Chairman and CEO...
