– Mercy Virtual integrates with intelligent health monitoring platform Myia Health to accelerate the adoption of new patient care and at-risk reimbursement models.
– Myia is a digital health platform that collects biometric data from curated sensors, including best in the market and over the counter, Apple and Fitbit.
– Mercy Ventures, Mercy’s corporate venture capital group leads $10M Series A funding investment in Myia to further strengthen the partnership.
Myia Health, the intelligent health monitoring platform, is partnering with Mercy Virtual, a division of St. Louis-based Mercy, a leading provider of virtual care services, to accelerate the adoption of new patient care and at-risk reimbursement models. By integrating Myia’s platform with Mercy Virtual’s proven clinical care model, the partnership will improve patient outcomes by shifting to a more personalized and preventative care approach and by enabling new clinical workflows that allow the service to scale and benefit many more patients.
Myia/Mercy Integration Benefits
Founded in 2017, Myia is a digital health platform that collects biometric data from curated sensors, including best in the market and over the counter, Apple and Fitbit. Through machine learning, Myia monitors and predicts changes in status for people suffering from chronic conditions – heart failure, COPD, diabetes, and hypertension.
The integration partnership with Myia will allow Mercy to better monitor and treat patients at home. Mercy Virtual has already reduced hospital admissions and ER visits for chronically ill patients by 50%. It means Mercy can roll out Myia’s tech to it’s already existing and established a network across the US.
The Bigger Picture
With half the U.S. population projected to have one or more chronic conditions by 2030, the need to better manage both care delivery and costs has never been greater. Virtual care growth, a $38 billion industry in 2019, is expected to surge to $130 billion in 2025.
Mercy Virtual, known as the country’s first “hospital without beds,” provides a seamless continuum of care to patients and other health care providers, regardless of location, that is enabled through virtual technology. This team-based collaborative approach has positioned Mercy at the forefront of value-based care, a model of delivery that is focused on reducing patient care costs and improving patient outcomes. Mercy Virtual has seen significant success to date with a focus on a home-based care model for chronically complex patients, reducing hospital admissions and ER visits by more than 50%.
“Our partnership with Myia is based on the impact of providing personalized preventative care for patients living with chronic conditions,” said Dr. J. Gavin Helton, Mercy Virtual president of clinical integration. “Myia will enable us to better monitor and treat patients where they are, intervening exactly when they need help and improving their overall health. Integrating Myia’s platform within Mercy allows us to create a blueprint for improving patient health, reduce the cost of care, and service a broader set of a patients at varying degrees of acuity and risk. This partnership is a recognition that to ensure success and scale new care models, health systems need to work along-side non-traditional partners; in this case an early stage technology company who shares our vision of the future.”
Mercy Ventures Backs Myia in $10M Series A Funding Round
In order to further this partnership, Myia has also announced today that it has completed a $10 million Series A funding round led by Mercy Ventures, Mercy’s corporate venture capital group. Other participating investors include Zetta Venture Partners, BootstrapLabs and the Boston Consulting Group, each of which was a previous investor in Myia.