Allianz Invests $59M in Strategic Partnership with American Well

Boston-based telehealth platform American Well announced that it has raised $59M from Allianz X, the digital investment unit of Allianz, bringing its total investment to date to $210.1M.

Together, the duo plan to develop digital health solutions that build on American Well’s platform and leverage Allianz’s international expertise by combining wearable sensors, remote monitoring, and virtual visits. This global telehealth system will allow providers to treat patients more successfully in the transforming world of connected care. Recall: American Well, established in 2006, has developed a telehealth platform that connects patients live with doctors, specialists and other healthcare providers over secure video. It handles clinical, administration, and security requirements consistent with US healthcare regulations and best practices.

I’m not only a doctor on TV, I’m a doctor in real life! @Philips @AmericanWell #CES2018 #uGrow pic.twitter.com/jkAKpTEiyK

— Sylvia Romm, MD, MPH (@sylvia_romm) January 10, 2018

Wait, there’s more. The 11-year-old company also announced a partnership with Philips that’s striving for a healthier now and future, and Netsmart that’s innovating electronic health records.

On Philips. The two brands will jointly deliver virtual care solutions around the world. Through this technology partnership, the two companies will work together to embed American Well’s mobile telehealth services into an array of Philips solutions for both healthy consumers and patients with a medical need, spanning personal health & wellness, population health management, and clinical programs. A first example is Philips uGrow parenting app that soon will embed telehealth services provided by American Well. The new partnership aims to provide a seamless consumer experience through solutions that empower people to better manage their health.

On Netsmart. The two brands will connect their respective networks to create a virtually connected healthcare community, enabling collaboration across a network of more than 200 million consumers, 600,000 providers and more than 25,000 organizations.