Company positions itself for global growth
BOSTON – American Well recently announced partnerships with Blue Cross Blue Shield of Arizona, Philips and Netsmart, and received a $59 million investment from Allianz. Jeff Kosowsky, senior vice president of corporate and business development at American Well, spoke with us about how health care is moving away from the hospital and into the home, and how the company plans to keep up with that trend.
HHTN: How are telehealth and other home health technologies impacting the way health care is delivered today?
KOSOWSKY: The model for health care is changing. Care is moving out of the hospital and into the home, or wherever the patient might be. Telehealth technology platforms provide that first touch for patients and providers. Whether they have a video visit, connect for medication or get referred to a specialist, they can do all of these things online or from their phone without having to go to a bricks-and-mortar practice unnecessarily.
HHTN: What does the integration of telehealth into home health devices mean for consumers?
KOSOWSKY: Telehealth offers consumers opportunities for improved access, outcomes and economics of care using the power of virtual visits.
HHTN: Describe your vision of health care in the next five years.
KOSOWSKY: American Well plans to focus on: the need to provide better access to quality health care; the general trend toward the consumerization of health care and consumer comfort with Internet-enabled services; and health systems’ interest in attracting new consumers through innovative technologies and services.
HHTN: How will you leverage the investment from Allianz?
KOSOWSKY: We’ll leverage the investment in our platform to serve a broader global market through connected care opportunities, pharma, medical device and physician partners. In general, we believe our global partnerships will make us stronger.