What You Should Know:
– Xealth, a Seattle-based provider enabling digital health at scale, today announced at HLTH21 that Trinity Health, one of the nation’s largest Catholic health care systems, has invested in the company, bringing the total Series B funding to $25 million.
– The announcements mark Trinity as one of 15 health system investors for Xealth: Advocate Aurora Enterprises, Atrium Health, Banner Health, ChristianaCare, Cone Health, Memorial Hermann, Nebraska Medicine, Novant Health, Stanford Health Care, Cleveland Clinic, Froedtert & MCW Health Network, MemorialCare Innovation Fund, Providence, UPMC and Trinity.
– Digital therapeutics, mobile apps, and remote patient monitoring help fill a necessary role in extending care options for patients. In September, Xealth announced Advocate Aurora Enterprises, Banner Health, ChristianaCare, Cone Health, Memorial Hermann, Nebraska Medicine, Novant Health and Stanford Health Care joining existing health system investors Atrium Health, Cleveland Clinic, Froedtert & MCW Health Network, MemorialCare Innovation Fund, Providence and UPMC. Collectively, these 15 health systems represent millions of patients and more than 100,000 physicians across 34 states.
Xealth’s digital health platform serves a critical role in bringing digital health into clinicians’ workflows, an essential element for program success. It delivers centralized integration, prescribing, monitoring and governance for digital health tools from current clinician workflows, demonstrating a 50-80 percent reduction in integration and deployment costs, and substantial patient engagement with digital assets. Successful programs have been initiated around maternity, diabetes, behavioral health, heart disease, kidney disease, advance directives, infectious disease, surgery preparation and many other areas of care.
Hospitals and providers can further leverage intelligent automation and gain insight into how each tool is performing with patients. Patients can be enrolled in beneficial programs and share information directly with care providers through the EHR.
Spun out from Providence in 2017, Xealth has backing from 15 health systems and full integrations with the largest EHR vendors. Additional investors include Cerner, LRV Health, Threshold Ventures, McKesson Ventures, Novartis, Philips, and ResMed.
Read more Source: hitconsultant.net