QMedic awarded $1.5 Million in new NIH funding

Adds two healthcare veterans from Welltok and Humana to accelerate growth

BOSTON, Sept. 23, 2015 /PRNewswire-iReach/ -- MIT startup QMedic has received $1.5 Million in new funding from the NIH to scale its proactive medical alert service, which helps health plans keep high-risk individuals out of the emergency room and in the home.   This new funding brings QMedic's total NIH funding to $4.5 Million.

"We are pleased that the NIH has been so supportive of our vision for smarter remote and in-home care management," says QMedic CEO Sombit Mishra.  "71% of emergency room visits are unnecessary and avoidable.  Our service intelligently routes in-home medical alert and distress signals to distributed care teams, enabling health plans to keep care in network and target members with the right services at the right time."

QMedic has also added two care management experts to its team and advisory board.  Dr. Hari Sundram, previously a co-founder of Predilytics (sold to Welltok in 2015), has joined as Chief Medical Officer.  Gail Miller, former VP of Medicare Product & Business Strategy at Humana, has joined as a strategic advisor.

"In my experience, medical alert programs have achieved more than double the expected ROI for a clinical program," says Ms. Miller.  Adds Dr. Sundram, "QMedic is like the OnStar of care management, enabling health plans to provision in-network services efficiently and scalably to high-risk members living at home.  This ensures members get the timely and targeted services they need at lower cost to the health plan."

QMedic's Small Business Innovation Research (SBIR) contract (contract #: HHSN261201500014C) has been funded in whole with Federal funds from the National Cancer Institute, National Institutes of Health, and Department of Health and Human Services.

Media Contact: David Nelson, QMedic, 617-945-7572 (x1001), dnelson@qmedichealth.com

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SOURCE QMedic



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Health Care & Hospitals, Medical Equipment, Venture Capital, Personnel Announcements


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