Performance Home Medical plans to use an additional $55 million investment from Grant Avenue Capital to shift its business from value-based care to “outcome-related payments,” says CEO Larry Mastrovich. To help make that shift, the company plans to invest in remote patient monitoring, which fits in neatly with its core disease state management platform for COPD and obstructive sleep apnea patients. “We’re looking to develop a care model that focuses on driving down costs and improving clinical outcomes,” he said. “There is actionable data from patients, and being able to do that remotely, including gathering information from devices through the connectivity that exists, is a huge advantage from where it was in the past.”
Read the full article: PHM Bets on Remote Monitoring, ‘Marriage’ with Hospitals //
Source: https://www.hmenews.com/article/phm-bets-on-remote-monitoring-marriage-with-hospitals