Through this partnership, the US-based telehealth solutions provider Amwell, will migrate its patient and clinician video platform onto Google’s cloud platform for both new and existing customers around the globe.
“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. 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,” said Thomas Kurian, CEO of Google Cloud.
In line with the partnership, Google Cloud will invest $100 million into Amwell to evolve and scale its telehealth portfolio to serve the needs of customers within current and new markets. This Google Cloud investment will be a concurrent private placement at a purchase price that will be the same as the price to the public in Amwell’s IPO and will be contingent upon the closing of its IPO.
As announced, products and services under the partnership follow security and privacy principles, and adhere to guidance regarding data access and usage, including industry regulations regarding patient health information, such as HIPAA.
“We chose Google Cloud as our strategic partner because of their phenomenal people, superior products, and open approach to partnering. 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,” said Ido Schoenberg, MD, Chairman and CEO of Amwell.
The new partners plan to engage in a technology collaboration to advance the telehealth experience, including focus on development work using Google Cloud artificial-intelligence and machine-learning technologies to assist patients and front-line workers with intake, inquiries, and triage; natural language and translation services for non-native speakers; G Suite tools like Meet for collaboration among healthcare staff and with their patients; and data analytics tools to aid in remote home health monitoring by providers and insurers.