COVID Finally Killed Amwell

The irresponsible $2 billion pandemic-era overspending has reduced the “Amazon of Healthcare” to ashes.

We live in the time of destructive innovation. Except, unlike other industries, there is no true innovation in digital health. Everything seems to be destructive. ?? Nothing is holding water. It’s very disturbing.

As I wrote on November 17, 2023 (The Telehealth Masquerade: How Corporate 'Geniuses' Sold Us the 1876 Wine in a New Bottle ), January 1, 2024 (Digital Health 2024: 7 Predictions & 50 Names You Don't Want to Miss), February 21, 2024 (Livongo Killed Teladoc), and April 8, 2024 (Livongo Killed Teladoc, Part Two: CEO Out), the telehealth masquerade is over. We were all scared to death during COVID and were throwing any money at whatever started with “tele…” or “AI”. But financializing telehealth as a standalone commodity had to come to a halt one day. I just didn’t expect that day to come so quickly.

Telehealth should be viewed as an integral component of comprehensive patient care, not as an isolated service.

Amwell , originally known as American Well, has folded faster than anyone expected. Will anyone offer a lifeline to Amwell? 谷歌 ? Allianz X ? Takeda ? I doubt it. I explain why.

Here is the outline of the article:

1?? My 30-Second Encounter With Amwell ??

2?? Google’s $100 Million Bet on Amwell Evaporates. Poof... ??

3?? Another Telehealth Magic Trick: Glen Tullman 's $18.5 Billion Lemon Sale of Livongo to Teladoc Health Shareholders

4?? The “Amazon of Healthcare”

5?? Amwell’s 1.9-Star Customer Reviews

6?? Amwell’s Biggest Customers

7?? VC Bros' Magic Trick: Pump, Dump, Disappear

8?? The 'Champagne and Cocaine' of COVID Overspending: The Telehealth Crash

9?? Amwell's Volatility and Illiquidity: A 1999 Internet Startup Vibe from the Parents' Basement

?? Splitting Shares Is Worse Than Splitting Hairs

1??1?? Amwell's Survival Scenarios: Slim Pickings

1??2?? My Thoughts on the Telehealth Market in 2025 and Beyond

1??3?? Conclusion

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