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Health insurers and Medicare Advantage plans will benefit from expanding the company's holistic health and heart-health decision support solutions
FREMONT, CA: "Smartwatches have been a source of valuable health insights in the consumer market, but it has been difficult to translate those insights into improved health outcomes in the broader healthcare system," said Lauren Pierce Flickinger, Fund Manager for the Pisgah Fund. "We are excited to partner with the ilumivu team as they provide health insurers and Medicare Advantage plans with a solution that bridges this gap.
The Pisgah Fund has invested in Ilumivu, a pioneer in predictive and personalized decision support systems for pre-diagnosing health conditions.
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With over 3.7 million downloads of their mobile application called Cardiogram, ilumivu is already one of the leading companies in the field of heart health in the United States. They provide continuous cardiovascular monitoring to pre-diagnose conditions such as diabetes, hypertension, atrial fibrillation, and sleep apnea. Ilumivu can detect these conditions accurately using the data captured from a smartwatch. It is processed using neural networks trained to analyze millions of cardiovascular data points to identify these conditions and reduce the overall costs associated with them for health insurers, Medicare Advantage plans, and at-risk employers.
"Our solutions provide better outcomes for members while simultaneously reducing the total cost of care managing these conditions through early detection," states Sandeep Goel, Chief Executive Officer. "Our 13-year history of using early-signal data collected from wearables by our healthcare research customers is being applied to engage members, increase adherence, impact positive behavior changes, and provide monitoring for better member engagement."
"We are very excited to partner with The Pisgah Fund, given that both organizations are based here in Western North Carolina with a common mission to grow the healthcare technology eco-system and create economic opportunities in the greater Asheville area," added T. David Smith, President at ilumivu.
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