SPI Digital Health: Hope Springs Eternal at Amwell as Clock Ticks on Profitability

Published: November 30, 2023

Another quarter, another set of disappointing results at Amwell. The telehealth vendor’s Q3 revenues fell 10.5% on the year-to-date (YTD) to $62M, losses mounted sharply to $137M, and the number of visits to its platform continued their slide, this time by 3%. The numbers may vary slightly, but it’s been a familiar picture for many consecutive quarters now. 

And yet optimism, a commodity that’s been thin on the ground at Amwell over the last three years, continues to peek tantalisingly from behind the clouds. 

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