What You Should Know:
– A team of serial health tech entrepreneurs who sold their mobile EHR app to athenahealth has announced the launch of ed Fold Health, the first interoperable digital health tech stack for primary care.
– Fold Health closed a round of $6M from former athenahealth CEO Jonathan Bush, SkyFlow CEO Anshu Sharma, Saama Technologies CEO Vivek Sharma along with Anand Chandrasekharan from General Catalyst, Mohanjit Jolly from Iron Pillar, Gokul Rajaram from Firebolt Ventures, and more
The First Digital Health Stack Transforming Primary Care
Primary care physicians (PCP) spend an average of 36 minutes on administrative work per patient, about double the amount of time as the average 18-minute visit. These workflow inefficiencies have led to burnout which almost 80% of PCPs say they are experiencing, contributing to the nationwide PCP shortage.
Fold Health is providing intelligent automations to improve patient engagement and reduce repetitive administrative tasks to help primary care practices shift focus to better outcomes for patients. Built with physicians, Fold Health has created a first-of-its-kind, all-encompassing operating system to help primary care practices supercharge existing investments in people, resources, and technology.
Fold Health’s modular operating system can be layered on top of existing EHRs, member management systems, billing platforms, and more, to allow for one seamless experience that may reduce admin time by 60%.
“The existing fragmented systems were built decades ago to enable in-person sick care, not proactive continuous and preventative care. With all of the technology now being retrofitted for the current environment, the amount of time primary care doctors spend entering the same information into different systems, has created a burden that makes it difficult to fulfill their Hippocratic oath for their patients” said Ram Sahasranam, Co-Founder of Fold Health.
Primary care physicians around the world are hailing this as an innovative breakthrough addressing one of the most tedious and mundane aspects of their daily routine.
“As a direct primary care physician, I have first-hand experience with the problems Fold Health aims to solve, which is why I have been working hand-in-hand with the founders to ensure that the pain points I have on the backend of my practice, which come from cobbling together various point solutions, are alleviated with the addition of the platform, which folds together my existing systems into one easy-to-use interface,” said Dr. Ben Aiken, family physician at Lantern Health and VP of Health at Decent.