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This cardiac care startup just landed $20M for virtual rehab services

 2 years ago
source link: https://finance.yahoo.com/news/cardiac-care-startup-just-landed-222242036.html
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This cardiac care startup just landed $20M for virtual rehab services

Andrew Mendez
Sat, July 9, 2022, 7:22 AM·3 min read

Moving Analytics (Movn), a virtual at-home intervention program for high-risk cardiac patients, claims to be “the most clinically validated” cardiac rehabilitation program on the market. Though other online-based programs exist, others either address other international markets, like Heart2Heart, or work only with very specific current insurance partners, like Henry Ford Health.

Moving Analytics founders and undergraduate friends Harsh Vathsangam and Shuo Qiao met their third co-founder, Ade Adesanya, at the University of Southern California. The trio had all immigrated to the United States with the hopes of becoming engineers, but soon after, their goal turned into having a “data-driven approach to making a dent in healthcare.”

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Moving Analytics founders outside their Irvine office. Left to right: Joe Villanueva, Ade Adesanya, Harsh Vathsangam, Shuo Qiao. Image Credits: Moving Analytics

The Irvine-based company is looking to provide recovering heart attack and heart disease patients an at-home alternative to care with guided support over a 12-week course.

“A big part of the program is … we provide empathy to those patients around ‘Hey, we know this is a major event that’s happened to you, this is not the end of your world and there’s a lot of things you can do if you follow our guidance to actually get a stronger heart,'” Adesanya said.

Every patient is provided a cellular enabled scale, an American Heart Association information book, exercise bands, a Bodytrace blood pressure cuff and a Garmin fitness tracker to help monitor and track their progress throughout the course.

The company is set up as a healthcare provider and contracts with various insurance partners — Kaiser Permanente, Allegheny Health Network, CDPHP to name a few — and currently runs operations in 14 states with approximately 4,000 patients. If a cardiac patient opts for at-home care, they are then referred to the Movn team.

Nationally, heart disease is the leading cause of death in the country, which accounts for about 25% of deaths. Fewer than 20% of eligible cardiac rehab patients enroll in a program.


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