End-to-end chronic care management (CCM) and patient engagement MD Revolution has raised $23 million in funding, co-led by Chicago-based Jump Capital and a leading global healthcare technology company. This brings their total funding to date to over $30 million.
MD Revolution’s first CCM customers enrolled in February 2015 when the first payments were made for the new Medicare Part B CCM code. MD Revolution now serves over 100 practices and plans to add hundreds of additional practices representing several hundred thousand patient users next year. Under new Medicare rules, physicians and other providers are now reimbursed for 20 minutes of non-face-to-face time each month for their patients with chronic disease. With RevUp, the Medicare compliant patient engagement platform, physician practices can leverage an end-to-end CCM solution with minimal disruption to practice workflow.
RevUp integrates with a practice’s electronic health record (EHR) to create a patient care plan and make it available securely, anytime, anywhere. Using this care plan, MD Revolution’s clinicians act as a trusted extension of the physician to engage patients through earlier detection of health issues, medication compliance, nutrition, and fitness advice. RevUp’s mobile and web interfaces enable constant two-way communication with patients and MD Revolution clinicians. By integrating health information from EHRs, digital sensors, fitness trackers, paper based logs, and telephonic surveys, RevUp coaches are able to provide highly relevant feedback for patients with chronic disease.
Dr. Vygantas will be joining MD Revolution’s board of directors along with Jackie Kosecoff, PhD, who noted, “With over 10,000 people turning 65 every day and over two-thirds of them having at least two chronic diseases, innovative technology enabled service companies like MD Revolution will be essential in reducing the cost of care.” Dr. Kosecoff is the former CEO of $18B Optum Rx and currently is Senior Advisor at Warburg Pincus, and a Board member at Athena health, an MD Revolution partner.
