DHP Invests in US Remote Treatment Monitoring Startup FixUpHealth

Digital Healthcare Partners (DHP), a specialized investment firm for digital healthcare startups, announced on the 18th that it has invested in FixUpHealth, a US-based startup providing a remote therapy monitoring platform for rehabilitation clinics in the United States. The investment was made with participation from DHP as well as Rabbit VC, an Israeli venture capital firm. The investment amount was not disclosed.

[Photo by Pixup Health]

The success of rehabilitation therapy depends on patients performing rehabilitation exercise programs at home, but adherence rates are low, and in many cases, pain worsens due to incorrectly performed rehabilitation exercises. However, currently in the US, home rehabilitation exercise programs are guided only through verbal explanations, booklets, and YouTube videos.

FixUpHealth offers a remote monitoring software program that allows rehabilitation therapists to easily provide rehabilitation therapy programs to patients, monitor progress, and even handle insurance claims. Therapists can select and provide necessary videos to patients directly from FixUpHealth’s video library. The rehabilitation exercise programs are delivered based on algorithms grounded in various academic papers, standard treatment guidelines, and the clinical experience of Dr. Im Sangwon, CEO of FixUpHealth. Through this platform, patients can perform rehabilitation programs, record their pain levels, and automatically track their activity levels. Additionally, one-on-one chat and video call functions between therapists and patients are provided.

In particular, from the perspective of rehabilitation clinics, therapists can easily claim related insurance fees through FixUpHealth’s solution, enabling increased economic benefits. Although various insurance fee codes related to Remote Therapeutic Monitoring (RTM) have been newly established in the US after COVID-19, it has been difficult to meet the conditions required for fee claims using traditional methods, resulting in poor utilization of these codes. However, by using FixUpHealth’s solution, it is possible to prove that a certain amount of time was spent monitoring and analyzing patient rehabilitation exercise data, making it easier to fulfill the requirements for fee claims.

Dr. Im Sangwon, CEO of FixUpHealth, said, “Rehabilitation therapy is a long journey shared by therapists and patients, so a digital solution that helps make their treatment process more efficient and faster is necessary,” adding, “With support from DHP and others, we will contribute to improving the work efficiency of rehabilitation therapists and the rapid recovery of patients.” Choi Yunseop, CEO of DHP, also said, “FixUpHealth is a startup that began by capturing the opportunity in the rapidly growing US RTM market through experts in the field,” and added, “We will do our best to support FixUpHealth to grow into a service that dominates the US rehabilitation therapy market.”

This content was produced with the assistance of AI translation services.