Mount Sinai Health System spinoff Rx.Health, which strives to advance the prescribing of evidence-based apps, has raised a $1.8 million seed round. “Institutional investors” and “healthcare innovators” participated in the funding round, according to a news release.
The startup, which was previously known as Responsive Health, will put the financing to use by expanding its customer base and supporting the launch of its new tool called Bulk Prescription.
The solution enables care teams to prescribe digital therapeutics and patient-centric care plans to groups of individuals. In addition to therapeutics, patients can gain access to educational content and remote monitoring. Information coming back from said patients is then integrated into care management dashboards.
For now, Bulk Prescription will only be available to those with chronic diseases such as cardiovascular, respiratory and gastroenterological illnesses.
One of the aims of the tool is making sure providers are closing care gaps.
Bulk Prescription is a feature in RxUniverse, an app-prescribing platform that is Rx.Health’s flagship product. RxUniverse is built into a hospital’s EHR system.
A Deep-dive Into Specialty Pharma
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
The startup’s clients include Mount Sinai, Yale New Haven Health and the Arizona Centers for Digestive Health.
“By integrating multiple evidence-based solutions under one digital medicine platform, we’re making digital transformation simple and affordable,” Rx.Health COO Andy Pfau said in a statement. “In addition to health systems, we’re now able to capitalize on the advanced discussions we’re having with payers and accountable care organizations.”
Back in 2016, Mount Sinai and Icahn School of Medicine debuted RxUniverse. Sinai AppLab and Mount Sinai Innovation Partners also launched Responsive Health to license the technology to other healthcare providers. In September 2017, Responsive Health officially rebranded to Rx.Health.
The spinoff company took part in the Pitch Perfect contest at MedCity’s INVEST conference in May.
Photo: lucky336, Getty Images
