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Bullboard - Stock Discussion Forum Viemed Healthcare Inc VMD

Viemed Healthcare, Inc. through its subsidiaries, is a provider of home medical equipment (HME) and post-acute respiratory healthcare services in the United States. The Company’s service offerings are focused on effective in-home treatment with clinical practitioners providing therapy and counselling to patients in their homes using cutting edge technologies. The Company’s products and services... see more

NDAQ:VMD - Post Discussion

Viemed Healthcare Inc > Essen Health Care uses VeruStat
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Post by lscfa on Feb 10, 2022 2:15pm

Essen Health Care uses VeruStat

How Essen Health Care uses remote patient management to aid vulnerable communities

 

Essen teamed up with Verustat to monitor patients in their homes. Essen’s founder calls the partnership a “game changer.”

 

Sumir Sahgal speaks excitedly about the ways remote patient management can improve healthcare. 

Sahgal is the founder and chief medical officer of Essen Health Care, which serves more than 100,000 patients in New York. The vast majority of Essen’s patients are members of vulnerable and underserved neighborhoods and rely on Medicare and Medicaid.

Essen has teamed with Verustat, a Nashville-based company, to track patients remotely. Sahgal described the remote patient management system as “a game changer.”

figure image

Sumir Sahgal, founder and chief medical officer of Essen Health Care

The devices are given to patients with serious illnesses and chronic conditions who would benefit from more monitoring. Saghal said it's not necessary to use such devices on people who are healthy. 

The expansion of remote patient monitoring is another tool to address health equity, Sahgal said.

“It is a vital part to expand access to underserved communities. These are people who are costliest, the sickest and need help the most,” Sahgal said.

“Health care is changing. We need to be more proactive. We need to create access to patient care,” Sahgal said.

While hospitals offer acute care, Sahgal said, “We need to transition to preventive care in the community.”

The remote patient monitoring system allows patients to feel empowered. It also aids patients, particularly older patients who don’t see as well or may occasionally forget to get their readings.

“We need to innovate,” he said. “We need to engage patients. We have to create a win-win situation for everyone: Patients, practitioners and health care situations. This is just one step toward that.”

Verustat said its system allows for better patient care and the chance to reduce healthcare costs for providers. The system is compliant with federal laws to protect patient privacy, the company said.

"Verustat enables practitioners to close the circle of care with their patients, by letting them be proactive – rather than reactive – when monitoring their healthcare," Verustat CEO Rich Roberts said in a news release. "We're very excited that our hi-tech solution and dedicated care coordinators will help Essen deepen patient engagement and provide their patients with state-of-the-art quality care."

Sahgal said the remote patient monitoring allows healthcare providers to avoid sending a nurse to home-bound patients simply to check vital signs. 

He also said it offers doctors the opportunity to get information about patients they can’t get in a quick office visit.

“It’s not a snapshot of their health,” Sahgal said of the office visit. “You need to get a bigger picture of their life outside the office. That's why it’s a game changer. Now we can know how they are in the patients’ homes.”

Comment by lscfa on Feb 10, 2022 2:21pm
Essen serves 100,000 patients. RPM SAAS goes for $50/mo/patient with 75% margins   About Essen Health Care Founded in 1999, Essen Health Care is a growing community healthcare network and group practice with over 150 primary and specialty care physicians and 100+ advanced clinicians providing high quality, compassionate, and accessible medical care to over 100,0000 of the most ...more  
Comment by LongTerm3 on Feb 10, 2022 2:46pm
You forgot to mention that Viemed owns a piece of  VeruStat.
Comment by lscfa on Feb 10, 2022 2:49pm
I assumed everyone here knows VMD has 10% equity in VeruStat......
Comment by LongTerm3 on Feb 10, 2022 2:57pm
Don't assume anything. Viemed doesn't say much. Earnings in about three weeks.
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