Health Recovery Solutions

Health Recovery Solutions

Provides remote patient monitoring solutions

About

Health Recovery Solutions (HRS) 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 through a dedicated team that assists healthcare providers in navigating the claims process. The goal of HRS is to improve the efficiency and effectiveness of remote healthcare services, making it easier for patients to manage their health and for providers to deliver care.

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 RPM solutions are pivotal in reducing hospital readmissions and improving outcomes.
  • The partnership with The Queen's Health Systems expands HRS's reach in chronic illness management.
  • HRS's appointment of Jason Comer as CEO positions the company for strategic growth.

What critics are saying

  • Increased competition from emerging RPM companies could erode HRS's market share.
  • Changes in reimbursement policies could impact the profitability of HRS's solutions.
  • Data privacy concerns may increase compliance costs and affect HRS's operations.

What makes Health Recovery Solutions unique

  • HRS offers a customizable remote patient monitoring kit, PatientConnect®, for personalized care.
  • The company integrates EHR to optimize workflows and enrich electronic health records.
  • HRS provides reimbursement support, guiding providers through complex reimbursement processes.

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Growth & Insights
Headcount

6 month growth

-18%

1 year growth

-6%

2 year growth

-8%

Benefits

Flexible PTO

Company-sponsored events

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

3 months paid parental leave

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