Praesidium has developed a non-contact vital sign monitoring platform that utilizes secure, wireless devices to continuously transmit patient health data for real-time analysis. This technology enables healthcare providers to enhance patient care through timely interventions and improved engagement while facilitating compliance and revenue generation through automated billing processes.
Funding
$6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many healthcare providers lack continuous, real-time access to patient vital signs and health data, hindering timely interventions and proactive care management. Traditional remote patient monitoring (RPM) solutions can be complex to implement, require significant staff resources for onboarding and monitoring, and may not seamlessly integrate with existing billing processes.
Solution
Praesidium's BioFi RPM platform offers a non-contact, wireless solution for continuous vital sign monitoring and real-time health data analysis. The platform streamlines patient onboarding, provides up-to-date health data, and automates compliant billing processes. Healthcare providers gain access to patient data, notes, and health trends, enabling timely interventions and improved patient engagement. BioFi's personalized approach combines human and digital connections to improve patient awareness and engagement in their health.
Target Audience
Praesidium's BioFi RPM platform targets independent and specialty practices, assisted living facilities, home health agencies, and pharmacies seeking to enhance patient care, simplify compliance, and generate additional revenue.
Features
- Secure, wireless devices for continuous transmission of patient health data
- Real-time access to patient data, notes, and important health trends
- Customizable alerts for patients at any stage
- Integrated resources and compliant tracking tools for medical billing CPT codes and audit reports
- Automated data synchronization for easy tracking of collections and time spent providing care
- Personalized patient engagement tools combining human and digital connections
- Onboarding and management support to minimize physician time investment