Viemed invests $2M in value-based care platform
By HME News Staff
Updated 10:13 AM CST, Mon January 16, 2023
LAFAYETTE, La. – Viemed Healthcare has made a strategic investment in ModoHealth, a value-based care and patient management platform connecting payers, patients and post-acute providers.
ModoHealth expects to use the proceeds of the investment to fund the expansion of its proprietary patient management network, which combines clinical tools, remote patient monitoring, data analysis and patient-centric engagement.
“We are incredibly excited to partner with the team at ModoHealth to grow the innovative population health platform,” said Viemed CEO Casey Hoyt. “Data-driven care coordination solutions available in the home are critical to the evolution of value-based health care delivery models. In addition to supporting ModoHealth patients as a technology enabled post-acute provider on its platform, we look forward to expanding Viemed’s collaboration with ModoHealth as a strategic investor.”
In exchange for its $2 million cash investment, Viemed received an 18-month secured convertible promissory note and participation in the ModoHealth provider network, using its software platform to improve patient outcomes through enhanced patient engagement.
- Read about how Viemed secured new funding of up to $90M in November.
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