Health IT startup to reduce readmission rates adds stroke recovery, cardiac surgery channels

Health Recovery Solutions raised fresh capital this week to add staff across its business to support the addition of three new channels covering patient populations across stroke recovery, cardiac and hip and knee replacement surgery. Rohan Udeshi, COO and cofounder of Health Recovery Solutions, told MedCity News in a phone interview that the $1 million […]

Health Recovery Solutions raised fresh capital this week to add staff across its business to support the addition of three new channels covering patient populations across stroke recovery, cardiac and hip and knee replacement surgery.

Rohan Udeshi, COO and cofounder of Health Recovery Solutions, told MedCity News in a phone interview that the $1 million it raised came from a group of venture capital investors with many years of healthcare experience across providers, payers and hospitals.

To date, the company has built a client base of 15 healthcare institutions that includes hospital systems and payers as well as accountable Care Organizations at John Hopkins along with AtlantiCare. Its newest client is MaineHealth, an integrated health system.

“We want this to be an all-cause readmission platform,” Udeshi said. He added that later this year the company hopes to move into pediatrics, starting with an application to monitor children with asthma.

Its biggest selling point is its ability to significantly chop down readmission rates in some cases from double to single digits.

Although the company’s largest source of business is congestive heart failure, since complications from the condition lead to the most readmissions, its platform also includes channels covering diabetes and COPD. The way its business model is set up — it charges customers a monthly subscription fee that includes software and hardware costs for the tablets — it makes it relatively easy for customers to add more channels. For each condition its platform covers, it has a medical device collaboration partner. works with a medical device partner

To date, Health Recovery Solutions has raised $1.8 million, Udeshi said. Breaking down staff numbers a little more, Udeshi said the funding would also go towards adding seven to eight staff across sales and marketing, software development and operations.

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