Company also receives $59M investment
BOSTON & AMSTERDAM – Telehealth company American Well and Philips have teamed to provide virtual health care around the world.
Through the partnership, the two companies will embed American Well’s mobile telehealth services into multiple Philips digital health solutions, beginning with the uGrow parenting app.
“We are looking to bring high value integrated health services and programs to market,” said Jeff Kosowsky, senior vice president of corporate and business development at American Well. “The integration of Philips devices and programs with high value telehealth services helps deliver better and more valued outcomes.”
Already firmly established in the U.S., American Well is looking to expand and create a global marketplace for its clients and partners to share resources and better deliver care digitally, said Kosowsky.
uGrow connects wirelessly to an ecosystem of devices, including those with voice activation. A key feature of the system is uGrow’s ability to let parents share data with—and receive personalized advice from—health care professionals.
“We believe that robust digital health solutions help people make the right choices and do the right things to protect and improve their health,” said Jeroen Tas, chief innovation and strategy officer at Philips.
The partnership was announced on the same day that American Well received a $59 million investment from Allianz global investment firm. The company plans to use the funding to develop digital health solutions combining wearable sensors, remote monitoring and virtual visits in both developed and emerging markets.
“We’ll leverage the investment in our platform to serve a broader global market,” said Kosowsky. “The connected care space is a global opportunity with 50% or more of global ambulatory visits amenable to telehealth, and a number of our existing pharma and medical device partners are looking to extend their digital health services globally, as well.”