Health Recovery Solutions

Health Recovery Solutions

Provides remote patient monitoring solutions

About

Health Recovery Solutions provides remote patient monitoring solutions to healthcare organizations, helping them manage patient care from a distance. Their main product, PatientConnect®, is a customizable kit that allows patients to monitor their health and share data with healthcare providers. This system enables providers to oversee a large number of patients remotely, enhancing patient outcomes while reducing costs. HRS differentiates itself by offering EHR integration, which streamlines workflows and enriches patient records with real-time data, and by providing reimbursement support to help healthcare providers navigate the claims process. The goal of HRS is to improve the efficiency and effectiveness of remote healthcare services.

Company Stage

Series C

Employees

51-200

Industries

Enterprise Software, Healthcare

Total Funding

$81.8M

Headquarters

Hoboken, New Jersey

Founded

2012


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Simplify's Take

What believers are saying

  • HRS's strategic partnerships expand its reach and enhance service offerings.
  • The growing demand for RPM aligns with HRS's focus on chronic conditions like CHF and Diabetes.
  • Jason Comer's leadership positions HRS for growth and innovation in digital health.

What critics are saying

  • Increased competition from emerging RPM companies threatens HRS's market share.
  • Rapid technological advancements require continuous R&D investment, straining financial resources.
  • Changes in reimbursement policies could impact HRS's revenue streams.

What makes Health Recovery Solutions unique

  • HRS offers a comprehensive suite of remote care solutions for diverse healthcare needs.
  • PatientConnect® platform empowers patients to manage their health with customizable monitoring kits.
  • HRS provides EHR integration, optimizing workflows and enriching electronic health records.

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Growth & Insights
Headcount

6 month growth

-3%

1 year growth

6%

2 year growth

4%

Benefits

Flexible PTO

Company-sponsored events

Medical, dental, and vision plans (100% covered options)

3 months paid parental leave

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