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Scott Laster CEO, MiCare PathNow, imagine these same navigation challenges in the healthcare space where patients are the travelers and the care journey is their unchartered territory.
Without proper real-time connectivity and guidance, patients often find it challenging to navigate through the complex healthcare landscape. When a patient visits a physician’s office, the physician often times is only able to hand them a ‘map’ to a care plan that the patient must then navigate independently, unaware of the steps they are supposed to take to achieve the best possible outcome and without a way to seek guidance at the critical forks in the road where there is uncertainty. To this end, MiCare Path was formed to provide personalized peace-of-mind for all the stakeholders involved in this complex market of healthcare.
• For the patient, it provides that ‘real-time navigation’ simplifying their care and providing connectivity to critical resources
• For the physician, it provides the digital-glue which binds patients to their care, gives longitudinal insights into progress, and creates new revenue sources to their practice
• For the insurance provider, it stamps out the approximately 20 percent waste seen from non-guided patients floundering in the system to find answers
“Our goal is to personalize peace-of-mind for every stakeholder in healthcare through a novel, actionable remote monitoring care platform,” says Scott Laster, chief executive officer of MiCare Path.
Their initial market entry of Musculoskeletal disease, including arthritis (all types) and osteoporosis, is one of the most common causes of disability and effects more than 127 million people in the U.S.—which is more than half of its adult population. To improve the healthcare journey of such patients, MiCare Path is providing a remote patient monitoring platform that delivers a rich system of learning management, patient engagement, behavioral change, and automated, interactive communication.
The goal of MiCare Path is to fill the patient’s healthcare journey with confidence and comfort—engaging them to make meaningful steps toward the best possible outcomes. At its core is effective guidance assembled by top tier healthcare leaders. The enterprise platform then monitors and customizes in real-time according to the specific progress and outcomes of each patient. With the world-renown medical advisors providing insight into the systems intelligence, the MiCare Path’s remote patient monitoring platform ensures the right care at the right time.
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MiCare Path was formed to provide personalized peace-of-mind for all the stakeholders involved in this complex market of healthcare.
Through such innovative approaches imbued with the personal and deep professional experiences of its leadership team, MiCare Path is now poised to ensure the best-in-class standards for every stakeholder involved. “Everything we learned along the way, we have carefully crafted into our remote monitoring platform, and made it available for this tremendously underserved market of musculoskeletal disease, but the glory of this enterprise technology is its scalability to other markets as we grow and find the other unsolved needs,” says Brian Childress, chief commercial officer of MiCare Path. As such, the initial commercial release of the MiCare Path platform will focus on the hip and knee space, before expanding to the rest of the musculoskeletal market. Once the platform has a firm foothold in the healthcare space, the company aims to refine it to perfection and pivot its capabilities according to future client demands.
Company
MiCare Path
Management
Scott Laster CEO, Brian Childress, MiCare Path
Description
A virtual healthcare platform providing continual care via Remote Patient Monitoring to deliver individual care pathways optimizing patient care and outcomes. MiCare Path provides a customized full service platform utilizing psychometrics and use performance leveraged to engage patients and inform clinical care for chronic disease states
MiCare Path News
MiCare Path Announces Acquisition of SmarTrac™, Expanding into Therapeutic Monitoring, Virtual Physical Therapy, Worker's Compensation
SmarTrac has developed a unique and patented design that plays a crucial role in accurately monitoring and recording various aspects of physical therapy exercises. These include range of motion data, pain scores, active and resting heart rate scores, as well as key outcomes data. These features empower healthcare providers to enhance their ability to diagnose, document, and administer treatments, ultimately leading to improved patient outcomes in the realm of musculoskeletal (MSK) care. SmarTrac stands out as the sole "smart" patient compliance sensor available, enabling digital capture of patient compliance, range of motion information, and exercise count. What sets it apart is that it can seamlessly operate within both low-fidelity (paper prescription) and high-fidelity (digital) guidance systems, making it user-friendly for patients regardless of their technical competence or location. With SmarTrac, physicians, therapists, nurse case managers, and adjustors can effectively monitor crucial aspects of a home exercise program, including compliance, therapy progress, and outcome data.
"Adding this virtual physical therapy solution to our portfolio is a testament to MiCare Path's commitment to providing solutions aimed at optimizing MSK care solutions, within a broad diversity of markets, such as remote therapeutic monitoring, managed care, worker's compensation and real-world evidence generation for med-tech manufacturers," said CEO and co-founder of MiCare Path, Scott Laster. "The SmarTrac technology will be a great leaping off point to continue our focus to drive deep innovation in these markets that can see the biggest impact of savings by providing technology-driven, preventative solutions."
According to SmarTrac's CEO and founder, Ed Marti, "SmarTrac's patented, proprietary algorithms establish an individualized baseline and active range of motion benchmarks thus bringing objectivity and consistency to other patient-collected data such as pain scores and more. This provides the physiological feedback critically needed to assure that the injured worker or patient is recovering and on the right track to an optimized outcome."
Brian Childress, the Chief Commercial Officer (CCO) and co-founder of MiCare Path, emphasized their shared objective of utilizing cutting-edge technology to elevate the standard of appropriate care and improve patient outcomes. With the acquisition of SmarTrac, MiCare Path gains enhanced expertise, additional resources, and expanded remote monitoring services. This development is expected to yield improved healthcare outcomes in various emerging markets, benefiting all stakeholders involved.
The acquisition of SmarTrac by MiCare Path is part of the company's ongoing efforts to expand its program and data offerings. This follows their recent acquisition of Compwell, allowing MiCare Path to provide comprehensive solutions across multiple growing markets. By integrating critical care teams, MiCare Path ensures a smooth transition for all patients utilizing their platform. This collaborative approach, in partnership with healthcare providers, aims to deliver high-quality healthcare outcomes beyond traditional office visits. MiCare Path continues to lead the way in leveraging advanced technology to enhance patient care. The company remains committed to exploring and investing in strategic acquisitions that deliver exceptional value to both patients and providers.