Rothman Institute invests in tech company Locus Health — 5 takeaways

Practice Management

The Rothman Institute was among the lead investors in a $4 million funding round for Locus Health, according to the Philadelphia Business Journal.

Here are five takeaways:

 

1. The Rothman Institute is the Philadelphia region’s largest orthopedic practice offering services in hip and knee, spine, sports medicine, shoulder and elbow, foot and ankle, hand and wrist, physical medicine and rehabilitation, orthopedic oncology and orthopedic trauma and fracture care. The institute was founded in 1970 by Richard H. Rothman, MD, PhD.

 

2. Locus Health is a Virginia company that provides remote patient care management programs for healthcare providers. The company markets software and customized services that lets clinicians engage patients at their home to help them avoid costlier procedures.

 

3. The University of Virginia Health System, an initial investor in Locus Health, also participated in the round.

 

4. Both the Rothman Institute and the UVA Health System are Locus Health customers. Rothman is partnering with Locus Healthcare to develop patient navigation for the entire episode of care among joint replacement patients.

 

5. The technology is designed to improve the patient experience and reduce unnecessary expenses. Rothman participates in shared savings payments and bundled payments that seek to provide the highest quality, most cost-effective care.

 

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