Business

Using mobile tools to help patients stay out of the hospital nets Self Health Network $5.6M

August 18, 2014 6:15 pm by Mark Sullivan

It’s become a thing: service platforms and apps that help patients follow aftercare and wellness instructions while away from the healthcare system. Not taking care of themselves after a procedure is common among patients, and it’s costing health-care payers billions.

Sounds like a good pain point for a digital health startup to address. And many are. One of them is called Self Health Networks, and the company has raised $5.6 million to develop its patient communications platform, according to a filing with the Securities and Exchange Commission (SEC). The funds are a combination of equity and debt financing.

Self Health Network, based in San Francisco, is selling its service to health care providers and payers who can save real money if their patients follow instructions to avoid getting sick again and coming back into the system.

Self Health Network joins a number of other companies providing a similar software-as-a-service, like Jiff and HealthTap, to name a couple.

The company also hopes to sell its system to large employers, which would use it to promote and monitor the wellness activities of employees. This, the thinking goes, might inspire more wellness activity, less time away from work, and less costly healthcare interventions.

A health vault service provides a HIPAA-compliant online platform where clinicians can share and consumers can store certain types of patient record information.

The platform can accept data from consumer wellness devices like step trackers and connected scales, the company says.

This article originally appeared on VentureBeat

Source: http://medcitynews.com/2014/08/self-health-network-raises-5-6m-keep-patients-hospital/

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