Health Recovery Solutions Revenue and Competitors

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Hoboken, NJ USA

Location

$87.1M

Total Funding

Estimated Revenue & Valuation

  • Health Recovery Solutions's estimated annual revenue is currently $22.3M per year.(i)
  • Health Recovery Solutions received $0.2M in venture funding in February 2014.
  • Health Recovery Solutions's estimated revenue per employee is $150,500
  • Health Recovery Solutions's total funding is $87.1M.

Employee Data

  • Health Recovery Solutions has 148 Employees.(i)
  • Health Recovery Solutions grew their employee count by 0% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$25M16693%$91.9MN/A

Health Recovery Solutions works with our nation's leading hospitals, insurance companies, home health agencies, and ACOs to deliver a platform that reduces readmissions and takes care of high risk patients post-discharge. Employing an automated patient-centered approach, our software specifically incorporates cutting edge findings on the causes of readmissions. Our solution aggregates, streamlines, and digitalizes essential data to ensure patients' health, and precludes the need for readmission. The recovery data is used in conjunction with EMR integration, web monitoring portal, and smartphone applications (ClinicianConnectTM, and CaregiverConnectTM) to effectively address patients concerns and use of our products, as well as reinforce healthy lifestyles post hospitalization. Our solution enables our clients to avoid substantial readmission penalties while improving patient satisfaction, generating additional revenue, and increasing the efficiency of their workflow. With the focus on changing patient behavior and ensuring adherence, patients are provided with disease-specific 4G tablets, customized with their medications, reminders, educational videos, and diet information. The HRS tablets are also integrated with wireless PulseOximeters, BP monitors, glucometers, thermometers, and scales, with subsequent data being monitored in real-time by both clinicians and family members alike. The tablets also allow for remote, face-to-face video conferencing between the patient and his or her physicians. Realtime patient vitals is sent to our servers, where our patented algorithms analyze the data and highlight at-risk patients, with the ability to notify caregivers of impending medical complications before they happen. Subsequent information is provided to caregivers via our HIPAA secure ClinicianConnectTM web portal. Facilities using our product have reduced readmission rates by an average of 72%. Follow Twitter: @HealthRecovery1

keywords:Enterprise Software,Finance,Health It,Healthcare,Healthcare Providers,Human Resources Hr,Insurance,Mobile

$87.1M

Total Funding

148

Number of Employees

$22.3M

Revenue (est)

0%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Health Recovery Solutions News

2021-03-09 - Health Recovery Solutions Closes Series C Funding

Health Recovery Solutions, a Hoboken, NJ-based provider of telehealth and remote patient monitoring solutions, completed its Series C funding of undisclosed amount. The round was led by LLR Partners with participation from previous investor Edison Partners. In conjunction with the funding, Sasa ...

2021-03-09 - Health Recovery Solutions Completes Series C with LLR Partners

Health Recovery Solutions (HRS), a leading provider of telehealth and remote patient monitoring solutions, announced today the completion of its Series C funding led by LLR Partners. HRS’ previous investor, Edison Partners, also participated in the round. The capital will support investments in ...

2021-07-28 - Health Recovery Solutions : Announces Florence Kariuki, a Leader in Nursing, as Chief Clinical Officer

HOBOKEN, N.J., July 28, 2021 /PRNewswire/ -- Health Recovery Solutions (HRS), the KLAS Leader in Remote Patient Monitoring, today announced the hiring of Florence Kariuki, RN, BSN, MHA, FHELA as the company's new Chief Clinical Officer. Kariuki joins the HRS executive team from Horizon Blue Cros ...

09/03/2019 - Remote Patient Monitoring Company Health Recovery ...

Such is the case for Health Recovery Solutions (HRS), who recently received a $10 million Series B investment from Edison Partners.

09/08/2019 - Fast-Growing Health Recovery Solutions Raises $10M For ...

The startup, Health Recovery Solutions, has developed software to help reduce readmissions via remote patient monitoring and video visits.

09/03/2019 - Health Recovery Solutions raises $10 million for patient monitoring tools

Health Recovery Solutions, a Princeton, New Jersey-based company developing remote monitoring solutions for health systems and medical ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
N/A1781%N/A
#2
$59.4M21534%N/A
#3
$43.1M270-3%N/A
#4
$73.7M393-3%N/A
#5
$119.7M394-7%N/A

Health Recovery Solutions Funding

DateAmountRoundLead InvestorsReference
2014-01-07$0.3MUndisclosedArticle
2014-02-03$0.2MUndisclosedArticle