Health

B2B telehealth firm SteadyMD acquires credentialing platform BlocHealth



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 underneath its personal title. It would supply companies together with license registration throughout states, payer enrollment, license renewal and consulting companies for SteadyMD’s in-house suppliers in addition to clinicians working for accomplice organizations. 

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

“The licensing and credentialing platform developed by BlocHealth will play a key position 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 present provides telehealth expertise infrastructure, staffing and operations assist for digital well being firms, 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 couple of yr after it closed a $6 million Sequence A

Telehealth use surged at first 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 strains made up 4.9% of medical declare strains nationally, in contrast with 0.2% in December 2019. 

Different firms within the area embody eVisit, which raised $45 million in Sequence B funding final yr; Truepill, which provides telehealth and digital pharmacy infrastructure; and staffing and companies 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 group,” BlockHealth founder Jared S. Taylor mentioned in an announcement. “Collectively, we may have an end-to-end resolution for healthcare administration. Our prospects can effortlessly retailer and use their credentialing knowledge in a single place.”



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