B2B telehealth firm SteadyMD acquires credentialing platform BlocHealth

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Enterprise-to-business telehealth supplier SteadyMD introduced it has acquired BlocHealth, a clinician licensing and credentialing platform.  

Below the deal, BlocHealth will proceed to function below its personal title. It is going to provide providers together with license registration throughout states, payer enrollment, license renewal and consulting providers for SteadyMD’s in-house suppliers in addition to clinicians working for associate organizations. 

“SteadyMD’s nationwide, tech-enabled and board-certified clinician workforce is core to our enterprise, as is our skill to rapidly recruit, practice and deploy these clinicians in a fashion that maintains compliance throughout all 50 states,” SteadyMD cofounder and CEO Man Friedman mentioned in a press release. 

“The licensing and credentialing platform developed by BlocHealth will play a key function in serving to us scale our clinician workforce much more effectively to raised serve sufferers and our companions.”

THE LARGER TREND

Launched in 2016 as a digital main care concierge service, SteadyMD at the moment presents telehealth know-how infrastructure, staffing and operations help for digital well being corporations, employers, pharmacies, well being programs and different healthcare organizations.

In March 2021, the startup introduced it had raised $25 million in Sequence B funding, a few yr after it closed a $6 million Sequence A

Telehealth use surged firstly of the COVID-19 pandemic as sufferers and medical doctors tried to restrict in-person interplay. Though telehealth use declined month-to-month for six of the 12 months of 2021, a report by FAIR Well being discovered digital care use remains to be elevated. In December 2021, telehealth declare traces made up 4.9% of medical declare traces nationally, in contrast with 0.2% in December 2019. 

Different corporations within the area embody eVisit, which raised $45 million in Sequence B funding final yr; Truepill, which presents telehealth and digital pharmacy infrastructure; and staffing and providers vendor Wheel, which introduced a $150 million Sequence C increase earlier this yr. 

ON THE RECORD

“We’re enthusiastic about becoming a member of the SteadyMD workforce,” BlockHealth founder Jared S. Taylor mentioned in a press release. “Collectively, we can have an end-to-end resolution for healthcare administration. Our clients can effortlessly retailer and use their credentialing information in a single place.”



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