Four Phoenix based health tech companies have formed an alliance to promote digital innovation in healthcare, strategically focusing on improving healthcare processes and providing connected care to patients outside of the care setting.
The companies, led by seasoned Valley entrepreneurs, includes: Life365, an integrator of digital health solutions and enabler of remote health monitoring; iTel, a provider of two way HIPAA compliant video; HybridChart, a cloud based comprehensive rounding solution for providers with electronic health record and telemedicine integration; and revMD, a healthcare revenue cycle management company. The strategic relationship unites condition management, medical record integration, and medical billing/revenue services into a new integrated platform that enables health systems to transition more care for patients outside of the clinical setting.
“Healthcare is moving beyond the walls of the hospital, patients at home can now be seamlessly and cost-effectively connected to their care providers,” said Kent Dicks, Life365 CEO and Founder. “Partnering with innovative companies like ITel, revMD and HybridChart is critical to transforming conventional processes in healthcare. Phoenix is gaining recognition as a hotbed of healthcare innovation, and it was a kind of serendipitous thing that our companies could come together and share our enthusiasm in promoting unique healthcare initiatives aimed at serving our diverse Arizona populations – rural, urban, aging, underserved, minorities and veterans. This alignment demonstrates the power in combining fragmented products and services together on one scalable platform to deliver a more robust solution that improves operational efficiency for health systems and better care to patients.”
Advances in technology, demand for rich health data, and changes in healthcare financial models are shaping the drive for healthcare to be delivered anywhere. The future of healthcare is about connecting patients at home.
iTel’s video health platform is an example of connecting the doctor’s office with patients at home. “iTel is proud to partner with HybridChart, revMD and now Life365 to bring a comprehensive solution to market,” said Eric Greenman, M.D., iTel CEO and Founder. Our ability to bring remote clinical consults and coaching into the patient’s home will be even more powerful when combined with the insights gathered from biometric and behavioral data that can now be collected remotely. Aligning with partners on a common software platform allows health systems to integrate once for access to a multitude of remote engagement, monitoring, and treatment solutions to extend their reach beyond what has previously been possible.”
Healthcare providers today need a variety of solutions to manage not just their patients — but their practices and workflow as well. HybridChart was created out of the need to simplify the way data is entered into Electronic Health Records at the point of care. Greg Sanders, M.D., HybridChart CEO and Founder stated, “We allow everyone in medical facilities and practices to be connected and organized in the cloud — from billers to front-office staff to providers. Doctors and nurses have very little time to capture and code data while caring for their patients. We created HybridChart to speed up and increase the efficiency of working inside the point of care and we’re now excited to now be part of a broader platform that can drive operational efficiency outside the hospital, including home health visits from medical and non-medical staff. An integrated platform allows everybody in the process to stay connected much more efficiently.”
As the digital landscape changes and reimbursement for remote healthcare continues to grow, informed coding and billing management will be critical. “revMD allows for efficient billing and collection of reimbursement revenue,” said Chris Asterino, revMD CEO and Founder. “Our physician clients are in the practice of Medicine, revMD.com is in the business of healthcare. With financial models rapidly changing, we need aggregated solutions in order to scale, and in order to scale, we need to be integrated on a common platform. This alliance gives revMD the ability to scale the economics of care going forward and help more physicians stay independent while creating value in their practice.”
About iTel
iTel provides secure video for telehealth through a Video-as-a-Service (VaaS) model, and is fully integrated with large Electronic Health Record (EHR) platforms with its universal API. iTel brings an end-to-end solution for telehealth billing and revenue cycle management that can be integrated with any EHR. With iTel, both medical and mental health providers can connect with their existing patients through a secure video session, maintaining their relationship, and continuity of care—from the office to their work or home. iTel is based in Scottsdale, Arizona. Visit iTel at itel.us.com
About Life365, Inc.
Life365’s scalable software platform integrates and identifies the “best fit” digital solutions for Health Systems to cost effectively connect and monitor patients at home. The Life365 platform provides a single integration point that streamlines installation and costs of introducing and managing new hardware, software and services that increase the operational efficiency of providing “Connected Healthcare” solutions. Life365 is based in Tempe, Arizona. Visit Life365 at www.life365inc.com.
About HybridChart
HybridChart is an affordable, cloud-based hospital rounding and charge capture platform created and customized to streamline medical practices. In addition to charge capture, HybridChart allows practices to seamlessly integrate with scheduling and EHR services, perform complex census management and improve the discharge process. Powerful data analytic tools improve efficiency and can reduce hospital readmission rates. Accessible by mobile device or PC across multiple operating systems, HybridChart provides real-time clinical updates, secure messaging, advanced analytics and six layers of protection to prevent missed charges. HybridChart allows physician practices to focus more hours on delivering high quality patient care. Visit HybridChart at hybridchart.com.
About RevMD
Creating value in physician practices throughout the United States since 1985, Scottsdale Arizona based revMD.com is experiencing robust growth in the delivery of physician billing & coding services nationwide. revMD.com serves over 125 physicians in 11 states and optimizes practice revenues and assures compliance for hospital and community based physicians. The firm deploys technology that tracks revenue through the cycle, guarantees AR follow up and offers a money back guarantee that ensures complete satisfaction amongst its growing customer base. Visit revMD at revmd.com.