DarioHealth has announced that the healthcare company has signed its first remote patient monitoring (RPM) agreements. The remote patient monitoring feature will allow the physicians to treat their patients remotely by preventing unplanned and unnecessary visits to hospitals, medical centers, healthcare centers and clinics.
The company’s Remote Patient Monitoring Platforms provide physicians and healthcare professionals to leverage patient monitoring code. Furthermore, the company’s new Remote Patient Monitoring Platform will help to provide at least $1,500 income per patient to the healthcare providers. The company’s RMP platform would be effective from January 2020, after that the healthcare professional can approve specified RPM codes for members.
General Manager and President for North Dario North America, Rick Anderson said, “We are very pleased to have entered into our first two RPM contracts within a couple of months of launching into this entirely new market for us, which we believe demonstrates the value of our solution.”
“We are working to enroll patients as efficiently as possible. In parallel, we continue to build a robust pipeline of additional potential RPM deals, several of which we expect to contribute revenue in the back half of this year,” Rick Anderson further added.
“Importantly, our RPM offering supports our ongoing transition to Business-to-Business-to-Consumer (B2B2C) revenue channels that leverage our SaaS delivery model, which we believe yields both high margins and sustainable, recurring revenue, which, as we’ve said before, is a key pillar of our long-term growth plan and an important metric against which we will measure our future progress,” added Mr. Anderson.
“With our flexible, open and scalable AI-driven platform, we believe that we are well positioned to be a key player in the remote monitoring market that is projected to be worth $31 billion by 2023. We look forward to announcing future RPM deals as warranted,” Mr. Anderson concluded,” Mr. Rick Anderson concluded.