MedAware Solutions
Medaware solutions facilitates partnerships between health insurance plans and ems agencies to deliver community-based healthcare to managed medicaid members through mobile care access.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| N/A | $140k | Series A | |
| Total Funding | 000k | ||
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MedAware Solutions operates as a Management Services Organization (MSO) in the health-tech sector, focusing on enhancing in-home patient care through technology. The company was founded in 2013 and is headquartered in St. Louis, Missouri. Initially, the firm developed a mobile telehealth solution named mViva, a HIPAA-compliant platform designed for real-time care coordination among healthcare providers. This system facilitates the sharing of diverse information formats, including voice messages, video clips, and images, to improve decision-making and patient outcomes.
The company's business model involves partnering with EMS agencies and insurance companies. MedAware Solutions establishes relationships with health plans, particularly Managed Care Organizations focusing on Medicaid patients, and then connects these plans with local EMS agencies. This collaboration aims to deliver non-emergency, patient-centered care in the home, structured around a patient-involved care plan. The goal is to improve engagement, reduce emergency room and EMS utilization, and lower the overall cost of care. For its clients, which include healthcare professionals, risk managers, and hospital management, the service is designed to streamline coordination, ensure HIPAA compliance, and reduce hospital readmissions.
A significant aspect of the company's strategy includes forming partnerships to expand its community paramedicine network. One such key partnership is with Acadian Health, which enables the delivery of in-home care to health plan members across major Texan cities. This model assists in improving access to care in both urban and rural areas. The company has received venture capital backing, securing an initial angel investment of $50,000 in August 2014, followed by a Series A funding round of $2.2 million in March 2016, with investors including BioGenerator and the Billiken Angels Network.
Keywords: management services organization, MSO, health-tech, community paramedicine, telehealth solutions, in-home patient care, care coordination, HIPAA-compliant platform, managed care organizations, Medicaid, EMS agencies, patient engagement, healthcare cost reduction, hospital readmission reduction, mobile health, real-time collaboration, Acadian Health partnership, venture capital-backed, BioGenerator, Billiken Angels Network