Cleveland Clinic and American Well launch digital health company
Cleveland Clinic and American Well are partnering to provide broad access to services via telehealth. The organizations will form a Cleveland-based joint venture company named The Clinic, which will offer virtual care from Cleveland Clinic’s experts through American Well’s digital health technology platform.
The two companies are focused on leading the industry toward integrated, digital care delivery models that complement and are connected to traditional care settings.
“Digital health is one of the fastest growing segments of the healthcare industry. There is an incredible demand for medical care to be delivered in more convenient and integrated ways,” said Tom Mihaljevic, M.D., CEO and President of Cleveland Clinic. “This new venture marks the first time that a major digital health technology platform has partnered with a globally recognized healthcare provider to deliver digital solutions for complex healthcare problems.”
An early adopter of digital health services, Cleveland Clinic has had a rapid increase in the use of virtual visits to deliver patient care. In 2018 alone, the number of annual virtual visits grew 68%. Telehealth is a key part of Cleveland Clinic’s growth strategy to double the number of patients served in the next five years. Cleveland Clinic projects that in just five years, 50% of outpatient visits will be virtual.
