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PHM bets on remote monitoring, 'marriage’ with hospitals

January 10, 2025Theresa Flaherty, Managing Editor

KENT, Wash. – Performance Home Medical plans to use an additional $55 million investment from Grant Avenue Capital to shift its business from value-based care to “outcome-related payments,” says CEO Larry Mastrovich.  To help make that shift, the company plans to invest in remote patient monitoring, which fits in neatly with its core disease state management platform for COPD and obstructive sleep apnea patients.  “We’re looking to develop a care model...

Eric Kim, Grant Avenue, Home Medical Equipment (HME), Larry Mastrovich, Performance Home Medical, Remote Patient Monitoring

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