Adam Boehler, former director of the Center for Medicare & Medicaid Innovation, a department of the U.S. Department of Health & Human Services, said in just two years he has watched health care company StationMD expand from three states to 12, using telemedicine to help care for people with intellectual and developmental disabilities.
Now, he — in partnership with venture capitalist firm Martin Ventures — has announced a $3.2 million investment in the Maplewood-based company to further that growth.
“I’ve watched StationMD expand from serving 1,300 individuals in three states to 32,000 in 12 states and counting in just two years,” Boehler said in a statement. “Payers, patient advocates, and policymakers have been seeking solutions to close the health equity gap for vulnerable populations. I’m passionate about supporting companies like StationMD that leverage their expertise, specialization, and telehealth tools to improve the patient experience while improving the quality of care and reducing healthcare costs.”
According to the announcement, the investment is part of a trend to back innovative home- and community-based care models that help patients avoid emergency room and hospital visits, while cutting costs and improving health outcomes.
Devin Carty, CEO of Martin Ventures, added, “We are making meaningful investments to expand health care to a population that has always been underserved. StationMD offers an unrivaled capability to tailor medical care to people with I/DD, and we are excited that our investment will help expand the service. It’s an important step to improving care for millions of people.”
For people with intellectual and developmental disabilities — including those with autism spectrum disorder, Down syndrome and cerebral palsy — trips to ERs and other medical clinics can be stressful and expensive. StationMD provides telemedicine services to help avoid this, the company stated.
“Last year, StationMD doctors performed nearly 25,000 virtual consultations and resolved patients’ medical concerns 93 percent of the time, averting the need to travel to the ER or urgent care,” Dr. Maulik Trivedi, cofounding doctor at StationMD, added. “We have consistently found that our specialized telemedicine service provides people with I/DD better care at a fraction of the cost of going to the ER.”
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