Economic Responsibilities Of American Well

plans, physicians, and organizations are all governed by and must be in compliance with health care laws and policies. Corporate citizenship includes the social responsibility of American Well and how the company meets the economic, legal, ethical, discretionary responsibilities created by shareholders. The economic responsibilities of American Well are to produce and generate the demand for telehealth products in the health care market while maximizing profit. With the Exchange, American Well has developed a unique demand that is predicted to increase in the future. According to Tahir (2015), in 2014 about 300 million telehealth consults took place in North America, 37 percent of employer plans offered telehealth as an option for the insured in 2015 and 34 percent more of employer based health plans will include telehealth consults as an health care service by 2017. If American Well remains in compliance with health care laws, economic responsibilities will be fulfilled by the organizations to include the need to maximize profit while also fulfilling the demand for telehealth services for stakeholders in health care. The legal responsibilities of American Well are rooted in the health care law to include Health Insurance …show more content…
The company has developed technologies used in health care that has transformed infrastructure of patient care. Now, stakeholders in health care are all connected ad able to communicate via direct video-conferencing, KIOSK, laptops, cellular phones, and tablets. Health care products such as the Exchange contribute to the global business environment. The company has developed a seamless virtual health care delivery system that has broken the barrier of distance, mobility, and access. According to Weiss (2014), globalization includes relationships with financial markets, culture, politics, laws, technologies, and numerous stakeholders and their interest (p.