Mindoula Health Acquires Care at Hand, a StartUp Health Company
Published in Press Releases,
Purchase broadens Mindoula’s behavioral health case management and technology suite
June 14, 2016 – SILVER SPRING, MD – Mindoula Health, a technology-enabled case management company at the forefront of the transformation of behavioral healthcare, today announced the acquisition of San Francisco-based Care at Hand. Care at Hand’s predictive insights platform will significantly enhance Mindoula’s ability to prevent hospital admissions.
Care at Hand, one of the first companies accepted into StartUp Health Academy’s GE Program, is the developer of a predictive insights platform powered by non-medical staff. The technology uses smart surveys to identify early medical and psychosocial risk factors for hospitalization. Unlike episodic predictive models limited to claims and EMR data, Care at Hand predicts hospitalization risk in the blind spot between doctor visits using the observations of frontline staff.
“Care at Hand stood out from other digital health companies because of the impressive body of research validating their impact with notable studies showing risk prediction up to 120 days (AHIMA 2016), $9,056 in Medicare A savings per beneficiary per year (Avalere 2015) and a 39.6% reduction in readmissions (AHRQ 2014)” noted Steve Sidel, Founder & CEO of Mindoula.
“The Care at Hand team is thrilled to join forces with Mindoula in a way that will allow us to extend our mission to help people thrive in their homes and avoid hospitalizations,” says Dr. Andrey Ostrovsky, the co-founder and CEO of Care at Hand, who will be joining Mindoula as the SVP of Medical Affairs.
The addition of Care at Hand technology will expand the reach of Mindoula’s market-leading case management solutions to the full continuum of care-team members creating unprecedented cost-effectiveness and quality of behavioral healthcare.
“We have dedicated our company to transforming what we see as a broken behavioral health system,” said Steve Sidel. “Our case managers and peer support specialists leverage our multi-platform technology to provide around the clock behavioral health support that is person-centered and evidence-based. The Care at Hand acquisition optimizes our technology-enabled services and makes them indispensable to providers and payers participating in value based delivery models.”
Mindoula Health is a technology-enabled case management company headquartered in Silver Spring, Maryland, that provides 24/7 virtual and in-person support to individuals and families facing behavioral health challenges. Its proprietary telehealth platform which includes a HIPAA compliant mobile engagement app, proprietary psychometrics, predictive analytics, and collaborative care software, enables its team of case managers and peer support specialists to deliver market leading behavioral health outcome improvements and reduce healthcare costs. A leader in the areas of case management, collaborative care, and behavioral health population management, Mindoula is at the forefront of the transformation of behavioral healthcare.
Kristi Stovall, Marketing & Public Relations