NASHVILLE, Tenn. and MAPLEWOOD, N.J., March 31, 2022 /PRNewswire/ — Adam Boehler, former director of the Heart for Medicare & Medicaid Innovation (CMMI), in partnership with enterprise capitalist agency, Martin Ventures, at present announce their funding in StationMD, a healthcare firm that makes use of telemedicine to ship medical care to folks with mental and developmental disabilities (I/DD). That features people with autism spectrum dysfunction, Down syndrome, and cerebral palsy.
The funding is a part of a pattern to again progressive home- and community-based care fashions that maintain high-risk/high-cost populations out of the emergency room and hospitals, whereas reducing prices and enhancing well being outcomes.
“I’ve watched StationMD develop from serving 1,300 people in three states to 32,000 in 12 states and counting in simply two years,” stated Boehler. “Payers, affected person advocates, and policymakers have been in search of options to shut the well being fairness hole for susceptible populations. I am enthusiastic about supporting corporations like StationMD that leverage their experience, specialization, and telehealth instruments to enhance the affected person expertise whereas enhancing the standard of care and lowering healthcare prices.”
“We’re making significant investments to develop healthcare to a inhabitants that has at all times been underserved. StationMD gives an unmatched functionality to tailor medical care to folks with I/DD, and we’re excited that our funding will assist develop the service. It is an essential step to enhancing look after hundreds of thousands of individuals.” stated Devin Carty, CEO of Martin Ventures.
The pandemic has been a catalyst for elevated telemedicine use and is deemed extensively efficient. For folks with I/DD, the worth of telemedicine is extra pronounced as they battle with chaotic emergency rooms, transportation, and discovering specifically skilled docs. They’re typically excessive ER utilizers, incurring important well being care prices in consequence. StationMD offers various entry to medical look after this inhabitants. StationMD shoppers have reported information that exhibits the service interprets to higher well being outcomes and cost-savings into the hundreds of thousands.
“Final yr, StationMD docs carried out practically 25,000 digital consultations and resolved sufferers’ medical considerations 93 p.c of the time, averting the necessity to journey to the ER or pressing care,” stated Dr. Maulik Trivedi, cofounding physician at StationMD. “We now have persistently discovered that our specialised telemedicine service offers folks with I/DD higher care at a fraction of the price of going to the ER.”
The funding from Boehler and Martin Ventures is a powerful sign to insurers to supply in-home care to members and encourage its use going ahead to scale back prices.
For extra info go to StationMD.com.
Paige Bagby, Communications Supervisor