HomeHealthB2B telehealth company SteadyMD acquires credentialing platform BlocHealth | NEWSRUX

B2B telehealth company SteadyMD acquires credentialing platform BlocHealth | NEWSRUX

Enterprise-to-business telehealth supplier SteadyMD introduced it has acquired BlocHealth, a clinician licensing and credentialing platform.  

Below the deal, BlocHealth will proceed to function underneath its personal title. It can supply companies together with license registration throughout states, payer enrollment, license renewal and consulting companies for SteadyMD’s in-house suppliers in addition to clinicians working for associate organizations. 

“SteadyMD’s nationwide, tech-enabled and board-certified clinician workforce is core to our enterprise, as is our capability to shortly recruit, practice and deploy these clinicians in a fashion that maintains compliance throughout all 50 states,” SteadyMD cofounder and CEO Man Friedman mentioned in a press release. 

“The licensing and credentialing platform developed by BlocHealth will play a key function 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 major care concierge service, SteadyMD at present affords telehealth know-how infrastructure, staffing and operations assist for digital well being corporations, employers, pharmacies, well being techniques and different healthcare organizations.

In March 2021, the startup introduced it had raised $25 million in Collection B funding, a couple of yr after it closed a $6 million Collection A. 

Telehealth use surged firstly of the COVID-19 pandemic as sufferers and medical doctors 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 Well being discovered digital care use remains to be elevated. In December 2021, telehealth declare traces made up 4.9% of medical declare traces nationally, in contrast with 0.2% in December 2019. 

Different corporations within the house embody eVisit, which raised $45 million in Collection B funding final yr; Truepill, which affords telehealth and digital pharmacy infrastructure; and staffing and companies vendor Wheel, which introduced a $150 million Collection C increase earlier this yr. 

ON THE RECORD

“We’re enthusiastic about becoming a member of the SteadyMD crew,” BlockHealth founder Jared S. Taylor mentioned in a press release. “Collectively, we may have an end-to-end answer for healthcare administration. Our clients can effortlessly retailer and use their credentialing knowledge in a single place.”

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