Startup WellTrackONE secures $1.5 million to improve Medicare wellness tests
Underneath Obamacare’s new stipulations, primary care providers are required to conduct wellness exams for their Medicare patients. With this in mind, WellTrackONE, the South-Carolina based healthcare startup, raised over 1.5 million from Easton Capital in order to better serve its patients with accessible and affordable testing options.
These wellness exams contain the standard details about patients’ health: height, weight, blood pressure and a brief overview of medical and family history. Neurological tests are also done, to ensure that patients are appropriately receiving preventative care as well as ongoing care for mental ailments like depression, Alzheimer’s or Dementia.
In an emailed response to questions, CEO Peter Bechtel said that so far, it is finding the most traction with accountable care organizations and integrated delivery networks.
“That has taken off like a rocket. What we bring to them is compelling: more revenue for their doctors, a method to significantly reduce healthcare cost by avoidance of catastrophic illness and injury, increase in ACO attribution, minable data for outcomes and clinical measures.”
He added that the startup expects to expand its staff from 19 to more than 50 by the end of the year.
Although the platform’s goal is to have 1,000 primary-care physicians on board, the organization is embracing accountable care organizations as a critical source of business. This new platform will handle patient outreach, evaluation and scheduling capabilities across a range of healthcare practices from primary-care practices to large healthcare organizations. Now, not only will patients have better access to their own healthcare information, but physicians will be able to do a better job of tracking their patients.
Along with its partners, myCatalyst works alongside WellTrackONE in order to enable an ACO to capture annual wellness visits and checkup data and integrate all of the findings into one health information exchange.