Telehealth provider raises $20M to improve cardiac rehab enrollment
After a heart attack or heart surgery, less than 20% of eligible patients enroll in cardiac rehabilitation care, according to Harsh Vathsangam, cofounder and CEO of Moving Analytics. Now, Vathsangam’s company is hoping to change that by boosting remote access to care. A recent $20 million Series A financing round will certainly help the telehealth company make those hopes a reality.
“We are on a mission to conquer cardiovascular disease as the leading cause of death by making aftercare more accessible and empowering people with tools to adopt healthy lifestyles,” Vathsangam said in a statement.
While participation in cardiac rehabilitation care programs are low across the board, traditionally underserved communities are even less likely to access these critical services, with Vathsangam noting that participation of women and people of color are in the single digits.
Among other priorities, the company will use some of the new funds to refine and scale its programs “to support and manage the unique needs of women and multicultural populations in preventing cardiovascular disease.”
“There is a huge gap in care after a heart attack or heart surgery – which leads to an increase in mortality and a lower quality of life,” Vathsangam said.
High-quality, virtual cardiac rehab sessions can remove barriers to care by reaching those who have trouble attending in-person sessions due scheduling constraints that conflict with patients’ work hours as well as mobility issues. Additionally, many in-person programs have long waitlists, especially in the post-Covid area where both staffing shortages and budget shortages are common, the press statement notes.
Ideally, participation in cardiac rehab programs helps prevent readmission among patients who experienced a heart attack or heart surgery. Programs typically consist of a combination of exercise and education.
Wellington Access Ventures co-led the Series A financing round, along with Seae Ventures. Additional participants in the funding round include Philips Ventures, SteelSky Ventures, Aphelion Capital, Nueterra Capital, and Citi Ventures.
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