A Boston-based telehealth platform called American Well has received US$59.2m investment from Allianz X, the digital investment unit of Allianz. The partnership is aimed at developing digital health solutions with increased accessibility, lower cost, and improving healthcare quality across the globe.
The partnership will add Allianz’s international expertise to American Well’s wearable sensors, remote monitoring, and virtual visits. The 24/7 telehealth platform connects patients live with doctors, specialists and other healthcare providers over secure video in addition to handling clinical, administration, and security requirements consistent with US healthcare regulations and best practices.
Solmaz Altin, the Chief Digital Officer of Allianz Group, has said “Allianz X’s investment with American Well will result in better access, lower cost and more connected care for our customers through a leading-edge health platform. This collaboration emphasizes Allianz’s commitment to digitalization, our goal of investing in digital frontrunners and encourages advancements within the whole healthcare ecosystem.”