Iron Bow Technologies and Vivify Health Secure $258 Million VA Contract for Scalable Remote Healthcare Solutions
Recently, telemedicineTechnical Solutions and Service ProviderIron Bow Technologies, in partnership with remote patient monitoring platform provider Vivify Health, forU.S. Department of Veterans Affairs (VA)Provide scalable home-based telehealth services. It is reported that the VA has signed a $258 million telehealth contract with these two companies to ensure veterans receive high-quality remote medical care.
According to VCBeat, the U.S. Department of Veterans Affairs (VA) health system employs 390,000 professional medical, nursing, and health management personnel, with more than 1,700 VA-affiliated healthcare facilities worldwide. Currently, the VA health system is conducting over 2,200 medical research projects, with total research funding amounting to approximately $18 billion. The VA health system also serves as a large-scale medical education institution, enrolling 62,000 trainees, including 23,000 nurses and 33,000 other health management professionals.
Iron Bow’s expertise in telemedicine, combined with Vivify Health’s experience base spanning hundreds of hospitals and healthcare providers across the United States, has forged a strong synergistic partnership, enabling both companies to deliver telehealth services to the VA.
At the core of this collaboration is the use of medical devices to enable remote consultations for patients in their homes, aiming to improve the quality of care and living standards for U.S. veterans by providing them with continuous support. Leveraging home-based telehealth solutions, VA clinicians can continuously monitor and interact with patients, empowering veterans to engage in various self-care activities and reducing the risk of readmission.
“Over the past decade, Iron Bow has been one of the VA’s largest solution providers. With Iron Bow as our partner, we are confident in our ability to help the VA deliver the best continuous medical care to U.S. veterans,” said Eric Rock, CEO and Founder of Vivify Health.
Over the past decade, the VA healthcare system has provided medical care and health management to 9 million U.S. veterans and their families, achieving remarkable progress in telemedicine and health management.
As of the end of 2015:
Leveraging home-based remote monitoring services and management reduced hospitalization duration by 58%;
Reduce hospitalizations by 32% through home-based remote services;
Utilizing remote psychiatric consultation and management reduced the hospitalization rate of patients with mental disorders by 35%;
The patient satisfaction rate with telemedicine services was 89%; among them, regardingTelemedicine Models: Satisfaction with the information storage and transmission consultation model was 96%, while satisfaction with two-way audio-video remote communication was 94%. There was virtually no difference between these two distinct telemedicine and health management models.
The VA’s largest telehealth internet portal, MyHealthVet, has 3.6 million registered users. It delivers 1.7 million secure medical and health messages annually.Supplementary drug information comprises 81 million records; emergency care Blue Button downloads have reached 1.4 million.
Vivify Health, founded in 2009, is the world’s first organization to deliver integrated remote care and monitoring using consumer electronics, including smartphones and tablets. Leveraging Vivify Health’s mature and scalable platform, along with its partnership with Iron Bow, the Department of Veterans Affairs (VA) can more efficiently provide high-quality medical services to veterans.