Enterprise-to-business telehealth supplier SteadyMD introduced it has acquired BlocHealth, a clinician licensing and credentialing platform.
Underneath the deal, BlocHealth will proceed to function beneath its personal title. It can supply providers together with license registration throughout states, payer enrollment, license renewal and consulting providers for SteadyMD’s in-house suppliers in addition to clinicians working for accomplice organizations.
“SteadyMD’s nationwide, tech-enabled and board-certified clinician workforce is core to our enterprise, as is our potential to rapidly recruit, prepare and deploy these clinicians in a fashion that maintains compliance throughout all 50 states,” SteadyMD cofounder and CEO Man Friedman stated in an announcement.
“The licensing and credentialing platform developed by BlocHealth will play a key position in serving to us scale our clinician workforce much more effectively to higher serve sufferers and our companions.”
THE LARGER TREND
Launched in 2016 as a digital primary care concierge service, SteadyMD presently provides telehealth know-how infrastructure, staffing and operations help for digital well being corporations, employers, pharmacies, well being programs and different healthcare organizations.
In March 2021, the startup introduced it had raised $25 million in Series B funding, a few 12 months after it closed a $6 million Series A.
Telehealth use surged at first of the COVID-19 pandemic as sufferers and docs tried to restrict in-person interplay. Though telehealth use declined month-to-month for six of the 12 months of 2021, a report by FAIR Health discovered digital care use continues to be elevated. In December 2021, telehealth declare strains made up 4.9% of medical declare strains nationally, in contrast with 0.2% in December 2019.
Different corporations within the area embody eVisit, which raised $45 million in Series B funding final 12 months; Truepill, which provides telehealth and digital pharmacy infrastructure; and staffing and providers vendor Wheel, which introduced a $150 million Series C raise earlier this 12 months.
ON THE RECORD
“We’re enthusiastic about becoming a member of the SteadyMD group,” BlockHealth founder Jared S. Taylor stated in an announcement. “Collectively, we could have an end-to-end resolution for healthcare administration. Our clients can effortlessly retailer and use their credentialing information in a single place.”
