Remote patient monitoring tech company Vivify Health said Wednesday it raised $17 million in a new round of financing to support its remote health monitoring tech.
The round was led by healthcare provider and insurer UPMC and joined by “several other of the nation’s largest health systems and health plans,” including Heritage Group and Ascension Ventures, as well as LabCorp and Envision Health, according to a press release.
“After an extensive evaluation of a number of companies, Vivify Health clearly stood out to us as the one best aligned to deliver patient-centered remote care across UPMC’s integrated payer/provider system. As we deliver care under an increasingly risk-based reimbursement model, we are excited to become a customer, development partner and investor in Vivify’s scalable population health management technology. Backing this kind of innovation to solve critical healthcare problems is at the heart of our mission at UPMC Enterprises,” UPMC Enterprises prez Tal Heppenstall said in a press release.
Vivify Health’s solutions allow insurance providers and organizations to conduct virtual care visits, communicate with patients and members and remotely monitor patient populations. The company said its platform is tailored to users of varying technological expertise.
“Vivify’s remote monitoring and communication technology is essential to making patients true partners in their care and providing the right services when and where they need them, increasingly at home. As an integrated healthcare delivery and financing system, we are focused on keeping patients well and out of the hospital, and that can happen only with affordable, easy-to-use technology like Vivify’s,” UPMC international veep Dr. Andrew Watson said in a prepared statement.
Vivify Health’s systems are used by more than 500 hospitals and payers, the company said, to monitor and engage patient populations of varying sizes. The company claims it was the 1st company to offer cloud-based solutions for mobile population health and chronic care management using consumer mobile devices.
“We are honored to partner with UPMC, one of the nation’s most prestigious health systems, to advance its mission to provide outstanding patient care and shape tomorrow’s healthcare with innovative population health technology. We look forward to helping UPMC achieve unprecedented outcomes for its patients as part of its commitment to patient-centered, affordable care,” Vivify Health CEO Eric Rock said in prepared remarks.
