Amwell’s Behavioral Health Business Lifts Revenue in 2022, Remains a Focus for Growth

Telehealth company Amwell (NYSE: AMWL) saw subscription revenue pop after adding behavioral health provider SilverCloud and health automation tool Conversa Health to its platform. Leaders at the Boston-based company, officially known as American Well Corp., say the success of SilverCloud, a virtual mental health provider, demonstrates the high demand for behavioral health services. It also […]

CVS Expands Mental Health Access with Launch of New Virtual Care Platform

CVS Health Inc. (NYSE: CVS) has gone live with its CVS Health Virtual Primary offering. The move expands the health care and pharmacy giant’s mental health service through integrated virtual care teams. CVS Health Virtual Primary users can also get care from the company’s in-person care providers or other in-network providers. The company announced Wednesday […]

SilverCloud Patients Spend 10 Minutes with a Provider, See Similar Results

SilverCloud Health providers spend one-sixth of the time that other therapists do with their patients. Yet, it generates comparable outcomes to in-person cognitive behavioral therapy. This shows that providers can innovate with tech and care modes to become more efficient, said Dr. John Sharry, co-founder and clinical director of SliverCloud. This comes at a time […]

Talkspace Reportedly Rejected Merger Offer from Amwell

American Well Corp. (NYSE: AMWL) reportedly took a stab at getting the management of Talkspace Inc. (Nasdaq: TALK) to talk about a takeover deal. However, Talkspace passed on the offer “before any numbers were discussed,” according to a report by the financial markets content service Seeking Alpha, citing unnamed sources. If true, this would mark […]

Amwell’s Big Ambitions for the $29 Billion Behavioral Health Market and International Expansion

American Well Corp. hopes to use a telehealth acquisition it made in 2021 to help it capture a slice of an estimated $52 billion annual opportunity in behavioral health. Better known as Amwell (NYSE: AMWL), the Boston-based telehealth and tech company points to its acquisition of SilverCloud Health as a critical part of its growth […]