Medtronic Care Management Services and American Well Announce Strategic Partnership to Integrate Telehealth Capabilities
October 16 2017 - 9:00AM
YASTEST
Partnership
Focused on Enabling Care for Chronic, Co-Morbid Patients
DUBLIN and BOSTON - October 16,
2017 - Medtronic plc (NYSE:MDT) today announced its Medtronic
Care Management Services (MCMS) business and American Well® entered
into a first-of-its-kind strategic partnership to enable a more
complete telehealth solution focused on the unique needs of the
complex, chronic, co-morbid patient population.
Under the terms of the agreement, the businesses
will work together to enable patient access to American Well's
telemedicine services on MCMS' video-enabled platforms, and to
allow bi-directional data flow between the two parties. The
telehealth solution will provide information from MCMS' remote
patient monitoring to clinicians performing consultations using
American Well's telemedicine capabilities, and enable information
from these telemedicine visits to be included in MCMS' clinical
management software. The partnership is designed to provide greater
patient access to their care team, while improving clinician access
to the critical information needed when making care decisions -
especially as they evaluate opportunities for early
intervention.
"We are thrilled to partner with American Well to
provide an innovative, patient-centric solution to our customers,"
said Sheri Dodd, vice president and general manager, Medtronic Care
Management Services. "Providing care to complex, chronic, co-morbid
populations requires access to, and coordination between, multiple
clinical specialties. Our work together will help clinicians gain a
more complete view of a patient's health status when making care
decisions, and will help ensure access to information from
telemedicine interactions is available to the broader care team
while the patient remains in their own home."
The use of telehealth solutions is increasing
exponentially due in part to the increasing complex, chronic,
co-morbid patient population - whose multiple disease diagnoses
require ongoing attention from several clinical specialties, and
whose care drives more than 70 percent of total U.S. healthcare
spending.1 MCMS and
American Well's strategic partnership brings key components of
telehealth services together, with the goal of reducing the cost of
care and improving patient outcomes for this unique population.
"We are delighted to partner with Medtronic Care
Management Services to connect patient monitoring data into
telehealth visits. This will help clinicians more effectively
manage patients while providing patients with flexible access to
expert care when they most need it," said Ido Schoenberg, CEO of
American Well. "These new capabilities will serve clients of both
Medtronic Care Management Services and American Well, enhancing the
capabilities available to health plans, major health systems, and
other customers pursuing more efficient care of complex
patients."
Medtronic is committed to developing services and
solutions that address healthcare needs by improving clinical and
economic outcomes. As a trusted source for hospitals, clinics, home
health agencies, and payers, Medtronic Care Management Services is
committed to improving patient outcomes, and delivering economic
benefits to the healthcare system. This approach supports the
company's transition toward expanding traditional medical device
product offerings to broader healthcare services and solutions,
providing meaningful clinical and economic value for hospitals,
physicians, patients, and payers.
American Well uses telehealth to improve people's
access to quality care. The company serves a telehealth ecosystem
of more than 250 healthcare partners nationwide, including most
major health plans and more than 70 health systems comprised of
over 975 hospitals.
About American Well
American Well uses telehealth to improve people's access to quality
care. Through our partnerships with the nation's largest health
systems, insurers, employers, and retailers, our award-winning
telehealth Exchange and our direct-to-consumer service, Amwell, we
connect millions of Americans to the doctors they trust for live
video visits. Through the power of telehealth, we help patients get
the care they need in a timely fashion, and help doctors be there
for their patients. We build technologies to make healthcare go
where people need it most. For more on how we are changing
healthcare delivery through telehealth, visit AmericanWell.com.
About Medtronic
Medtronic plc (www.medtronic.com), headquartered in Dublin,
Ireland, is among the world's largest medical technology, services
and solutions companies - alleviating pain, restoring health and
extending life for millions of people around the world. Medtronic
employs more than 84,000 people worldwide, serving physicians,
hospitals and patients in approximately 160 countries. The company
is focused on collaborating with stakeholders around the world to
take healthcare Further, Together.
Any forward-looking statements
are subject to risks and uncertainties such as those described in
Medtronic's periodic reports on file with the Securities and
Exchange Commission. Actual results may differ materially from
anticipated results.
-end-
American Well,
The Exchange, and Amwell are registered trademarks or trademarks of
American Well Corporation in the United States and other countries.
All other trademarks used herein are the property of their
respective owners.
1 Gerteis
J, Izrael D, Deitz D, LeRoy L, Ricciardi R, Miller T, Basu J.
Multiple Chronic Conditions Chartbook. AHRQ Publications No,
Q14-0038. Rockville, MD: Agency for Healthcare Research and
Quality. April 2014.
Contacts:
Emily Meyers
Medtronic plc
Public Relations
+1-763-505-3327
Ryan Weispfenning
Medtronic plc
Investor Relations
+1-763-505-4626
Adrianna Campagna
American Well
+1-617-834-3918
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Medtronic plc via Globenewswire
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