Dive Brief:
- MD Revolution has completed a $23 million financing round, bringing its total amount raised to more than $30 million.
- Focused on population health management, the company has a Medicare-compliant patient engagement platform, RevUp, that integrates with a provider's EHRs to create patient care plans.
- Initial chronic care customers enrolled last February when initial payments were made for the new Medicare Part B CCM code. The company now has more than 100 practices and plans to add hundreds more next year, according to Dr. Samir Damani, MD Revolution founder and CEO.
Dive Insight:
New Medicare guidelines reimburse physicians and providers for 20 minutes of non-face-to-face time each month for their patients with chronic diseases. Physician practices can leverage an end-to-end CCM solution with little disruption to practice workflow using RevUp, according to Healthcare IT News.
The platform's mobile and web interfaces provide two-way communication with patients and clinicians. Integration of EHRs, digital sensors, fitness trackers, telephone surveys and paper-based logs enable RevUp clinicians to provide relevant feedback for chronic disease patients.
Dr. Garrett Vygantas, a partner at Jump Capital, which co-led the recent financing round, said in a press statement, "The team at MD Revolution has developed a information science platform and delivery system that has exceeded the expectations of their existing customers and is poised for significant expansion."