Today it was announced that Care at Hand, a predictive insights platform co-founded in 2011 by Dr. Andrey Ostrovsky and Jeffrey Levy was acquired by Mindoula Health, a technology-enabled behavioral health case management company based out of Silver Spring, MD.
Care at Hand—a graduate of the GE Ventures sponsored class of the Startup Health incubator—predicts hospitalization risks and prevents admissions using the observations of a variety of non-medical staff, including community health workers and home health aides. The platform captures information about patients by administering smart surveys to these workers.
According to Ostrovsky, Care at Hand creates value to their customers—primarily health systems and managed care entities—by relying on inexpensive frontline caregivers, rather than doctors and nurses, to help manage patient care. “Patient care is managed by the most appropriate providers,” says Ostrovsky. “A nurse or doctor doesn’t have to do everything.”
Another major part of Care at Hand’s appeal to customers is the emphasis the company puts on evidence-based claims. “We invested a ton of resources into validating our technology and we’ve only marketed what we have evidence for,” says Ostrovsky. “We wanted to create a precedent where technology vendors are accountable.”
And this strategy has certainly paid off. In addition to being acquired by Mindoula Health, Care at Hand has attracted the attention of big names in healthcare including Blueprint Health’s Brad Weinberg, social entrepreneur Barry Zuckerman, and the founders of both Clover Health and Flat Iron Health. Although unable to disclose the financial details of the recent acquisition, Care at Hand has raised $2M in seed funding to date.
As a fully owned subsidiary of Mindoula Health, Care at Hand will continue to develop their technology and work to ensure that home and community based services factor prominently in emerging alternative payment models. Andrey will remain the CEO of Care at hand, and will also be joining Mindoula Health as the SVP of Medical Affairs.
Abby Ballou is the managing editor of MedTech Boston. She has a B.A. and M.Phil in English literature from NYU and the CUNY Graduate Center, respectively. When she isn't writing and editing for MedTech Boston, Abby enjoys reading, rock climbing, watching classic movies and listening to opera.
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