By ET Bureau - August 25, 2020 4 Mins Read
– Strategic, long-term partnership will include comprehensive collaboration on technology, innovation, and go-to-market delivery
– Companies aim to transform patient and clinician telehealth experiences leveraging their unique technology capabilities, including AI/ML and collaboration tools
– As part of this partnership, Google Cloud will also invest $100 million in Amwell
Google Cloud and Amwell® today announced that they have entered into a multi-year, strategic partnership to deliver transformative telehealth solutions across the global healthcare ecosystem. Together, the companies will endeavor to expand access to virtual care, improve patient and clinician experiences, and leverage their unique capabilities to deliver new, differentiated healthcare solutions—across the continuum of care.
The pandemic has resulted in historic telehealth utilization, making it a priority and, in many cases, a preference for patients, providers, and health plans. With this partnership, Google Cloud and Amwell see an opportunity to improve patient and clinician telehealth experiences through technologies that can automate waiting room and checkout; provide automated language translation services; advance population health by making it easier for more patients to receive care; and assist payers and providers in routine tasks, by intelligently triaging cases and reducing clinician burnout.
The partnership involves the following key components:
“This is a critical partnership for the healthcare industry and has the potential to dramatically transform the telehealth space through the use of modern cloud technologies,” said Thomas Kurian, CEO of Google Cloud. “We are thrilled that together we can bring groundbreaking digital health solutions to so many providers, patients, and health plans across the globe. Our joint work will drive innovation in health in a new and powerful way.”
“We chose Google Cloud as our strategic partner because of their phenomenal people, superior products, and open approach to partnering,” said Ido Schoenberg, MD, Chairman and CEO of Amwell. “Together, we will be able to offer an incredible array of integrated capabilities and help millions of people around the world access better care. Our collaborative work could literally democratize healthcare.”
This press release does not constitute an offer of any securities for sale. Amwell was advised on this transaction by Wachtell, Lipton, Rosen & Katz and Davis Polk & Wardwell LLP.
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