MENDOTA HEIGHTS, MN, Healthsense has raised $2.5 million in debt, according to a Form D filing with the Securities and Exchange Commission.
According to MedCity News, CEO A.R. Weiler said in a phone interview that the new funding round would support the growth of its remote monitoring program this year.
CEO A.R. Weiler said it uses sensors placed in living areas of a patient's home, a community living space, assisted living or a skilled nursing venue. Algorithms help establish a baseline of their activity levels so when data diverges from an established pattern, indicating a deterioration in their condition, caregivers can be notified and trigger early interventions to avoid hospitalization costs.
Weiler, who has served in executive roles at Optum, Emdeon, Virgin HealthMiles, and Ingenix, said 23,000 people are on Healthsense's system and it runs its own data centers.
The Minnesota company received funding from existing investors such as Radius Ventures, Merck Global Health Innovation Fund, Mansa Capital and 406 Ventures.
'We want to make sure we have enough capital and enough people to support our growth,' Weiler said.
Healthsense plans to make a series of announcements in the coming weeks, Weiler noted. It will release results of studies providing clinical validation of its technology by third parties and detail new partnerships. The company has raised $34.1 million to date.
One of the challenges that face digital health companies is this: They collect and analyze a large amount of data, but even when they find actionable insights it can raise even more questions of who delivers that information to physicians.
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