MIPS Project Detail:

Vheda, Inc.

Real-time chronic disease mobile platform

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Company

Vheda, Inc.

Columbia

Howard

County

, Maryland

Founded:

2013

Website:

http://www.vheda.com/

Company Description:

Vheda Health is dedicated to humanizing healthcare through technology. The company’s flagship product is a mobile care management platform that facilitates cost savings for payers by automating care plan compliance. The platform engages Medicaid and Medicare members with a smartphone-enabled mobile app focused on creating new communication channels and monitoring real-time compliance. The result is an average $17,175 per member, per year savings and 71 percent decrease in hospital and ER utilization.

MIPS Project

Real-time chronic disease mobile platform

Project #

5526

|

MIPS Round

55 |

Starting Date:

Feb 2015

MIPS Project Challenge:
The goal of the first MIPS project was to study the effectiveness of Vheda Health’s product and establish its value in the management of diabetes.

Project Scope:
For these MIPS projects, researchers planned to: develop models of Vheda’s data to drive the future design of automated care planning protocols, with some product integration within the project period; explore evidence as to the effects of VH technology and processes on adults diabetes self-care and the financial impact of the VH solution; assess findings on what patient characteristics moderate the effectiveness of VH technology, and recommendations on how to use those findings to increase the product’s effectiveness.

The MIPS partnership delivers the right mix of research validation and commercialization. We are humbled to partner with our alma mater, the University of Maryland, College Park. Go Terps!

Shameet Luhar, CEO, Vheda Health

Results:

Since its founding, Vheda Health’s staff has grown to more than 25 employees across the United States, with eight in Maryland.

Vheda Health’s mobile care management platform currently delivers the highest member compliance, and member satisfaction of any technology-enabled service in its class – 87%, 84%, and 95%, respectively.

Vheda Health has raised more than $1.8 million in venture funding and achieved profitability in less than four years.

Vheda Health sales have increased more than 10 times, into the millions.

Vheda Health is humanizing healthcare, through technology. Vheda Health’s mobile care management platform saves Medicaid and Medicare health plans an average of $17,175 per member, per year by automating care plan compliance. The company reaches 12 million lives across the nation. Vheda Health was named 2015 winner of the Maryland Incubator Company of the Year in the healthcare category by the Maryland Business Incubator Association and State of Maryland’s Department of Business and Economic Development (DBED). Vheda was also a 2015 finalist for the InvestMaryland Challenge in the Information Technology category. Vheda won the Pitch Across Maryland competition in 2014, with the company named ‘Best Startup in Maryland.’

(Source: Vheda Health)