Viemed Invests $2M in ModoHealth

Viemed Healthcare, Inc., a respiratory care and technology-enabled home medical equipment services company, announced that it has made a strategic investment in ModoHealth, a value-based care and patient management platform connecting payors, patients, and post-acute providers. ModoHealth expects to use the proceeds of the investment to fund the expansion of its proprietary patient management network, which combines clinical tools, remote patient monitoring, data analysis and patient-centric engagement. “We are incredibly excited to partner with the team at ModoHealth to grow the innovative population health platform,” said Casey Hoyt, CEO at Viemed. “Data-driven care coordination solutions available in the home are critical to the evolution of value-based healthcare delivery models. In addition to supporting ModoHealth patients as a technology enabled post-acute provider on its platform, we look forward to expanding Viemed’s collaboration with ModoHealth as a strategic investor.” ModoHealth’s technology enables partners across the care continuum to collaborate through a secure platform in order to treat numerous disease states, supporting joint care coordination, evidence-based planning, tracking of patient engagement, and reporting of outcomes. Payors seeking to develop, implement, and manage value-based arrangements are able to utilize the platform to measure and improve costs by reducing hospitalizations and overall utilization. Providers benefit from the plat...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Casey Hoyt Health IT Funding Health IT Fundings Health IT Investment Home Medical Equipment ModoHealth patient engagement Value Based Care Viemed Viemed Healthcare Viemed Healthcare Inc. Source Type: blogs