mobile analyticsis an Irvine, California-based telehealth startup offering telecardiac rehabilitation services and recently announced that it has raised $20 million in Series A funding.
The round was co-led by Wellington Access Ventures and Seae Ventures, with participation from Philips Ventures, SteelSky Ventures, Aphelion Capital, Nueterra Capital and Citi Ventures. The financing brings the company’s total funding to $30 million.
According to reports, the company was founded in 2016 with a mission to enable people to live a life free of heart disease by providing telemedicine cardiac care. Harsh Wasangam, co-founder and CEO of Mobile Analytics. About 90 percent of patients following a heart attack or heart surgery do not have access to follow-up care due to obstacles such as being unable to take time off work or driving long distances to the hospital, he said.
Currently, the only option for these patients is facility-based rehabilitation. To address this issue, Moving Analytics has launched a telemedicine program for post-acute cardiac care. The program gives patients access to a multidisciplinary team of cardiologists, nurses, nutritionists and exercise physiologists from the comfort of their home.
Patients enrolled in the program receive a kit that includes a blood pressure cuff, scale, activity tracker and educational brochure. They then connected with a physician care manager who developed a customized care plan that included an exercise program, nutrition coaching, mental health counseling, medication adherence strategies and cardiovascular disease education.
To measure the impact of its interventions, Moving Analytics looked at how patients’ clinical outcomes had changed at the end of the 12-week program. Vathsangam said the company examined a group of patients before and after the program to see how many had high blood pressure or had clinical depression, and Vathsangam said they saw a 50 percent reduction in high blood pressure and a 70 percent reduction in depression.
Vathsangam describes Moving Analytics as “a group of clinicians who develop health plans for their services.” The startup’s service currently covers 14 states. Last year, the company doubled in size and now employs 50 people. It will use its fresh capital to scale its platform, expand its presence in the marketplace and develop content focused on the heart health of women and people of color.
While the company is growing, it’s certainly not the only provider of telehealth cardiac care.its competitors include Rekola and kada health.
“Our main difference is our vast experience,” Vathsangam said. “Our plan of care is based on more than 20 years of research and clinical trials with more than 70,000 patients. By the end of this year, we will serve more than 5,000 patients on our platform, and we lead the way in market validation and deployment expertise to anyone else.”
Those words are controversial, but the startup does appear to have caught the attention of big health plans and providers.Some of the clients of mobile analytics include caesar forever, High standard of health, Veterans Affairs AdministrationBlueCross BlueShield of Illinois and CDPHP.
As for Moving Analytics’ long-term goals, Vathsangam said the company hopes to continuously increase the number of patients it serves and eventually expand into other indications of cardiovascular disease beyond post-acute care, such as prevention.
Photo: Mobile Analytics
