SaRA Health just completed a proof of concept in a New Mexico clinic. The startup has a fintech platform for rehab professionals using a new category of reimbursable services.
Steven Coen, SaRA Health CEO
“We put our first patient cohort through a clinic in New Mexico and they were paid in-full… When we received the email from the clinic with a screenshot of their Medicare reimbursement codes it was a very happy day for the team,” SaRA Health CEO Steven Coen told bizblip. “We’re off to the races… moving into paid contracts with other customers.”
The new set of codes for ‘Remote Therapeutic Monitoring’ came out this year to allow patients without monitoring devices to get data back to their clinicians outside of a visit, and allow that clinician to be compensated. They started with pilots in musculoskeletal and respiratory.
“Physical therapists were giving home exercise programs to patients and until this year it’s basically been out of the kindness of their heart because there was no way for them” to get reimbursed, Coen said. These are “incentives for the physical therapist to spend time reviewing and really empowering that patient outside the clinic.”
Maintaining contact is important because many patients discontinue treatment when the pain stops, opening themselves up to re-injury. Maintaining and monitoring the patient’s therapy cuts costs for employers and insurers.
SaRA Health was founded in January, 2017 in Lee’s Summit, Missouri. bizblip readers first heard of the startup in March when Coen went to Omaha for the ‘Get Started Omaha’ pitch competition.
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