INCOMPAS-Fall-2020-Daily-1

« 8 » THE INCOMPAS SHOW I SEPTEMBER 14 – 16, 2020 www.bekabusinessmedia.com S E P T E M B E R 1 4 - 16 THE 2020 Remote Care Partners Announces Financing Program for Health Care Customers Windstream Recognized for Support of Veterans T ampa, Fla.-based Remote Care Partners, Inc. (RCP), provider of a cloud-based platform for population and remote care program management, announced that it has signed an agreement with Blue Elephant Capital Management that provides 12-month financing to health- care organizations for remote patient monitoring devices deployed by RCP. This financing program is expected to help RCP generate $900 million in incremental revenue and $500 million in net revenue for its healthcare partners. “The digital transformation of healthcare is of utmost interest to providers, patients and policy makers. The growing interest in remote care management evidences this trend,” said RCP CEO Gregg Smith. “Our business is to help healthcare providers adopt remote care manage- ment easily and without upfront invest- ment, thereby accelerating rapid adoption to improve patient health outcomes and reduce healthcare system costs. Our partnership with Blue Elephant enables health- care providers to generate positive cash flow begin- ning with patient one in month one. The RCP plat- form and support services make it incredibly easy for healthcare providers to deploy remote patient monitoring and make it a mean- ingful part of their business models.” Because Medicare does not provide upfront reimbursement to healthcare organizations for remote care medical devices, the difficult question of who pays for the upfront purchase of such devices can be an obstacle to deployment. The Blue Elephant/RCP financing covers 100% of the equipment cost, so no healthcare organization needs to deploy its scarce capital to immediately deploy remote care management services. Today, RCP’s healthcare organi- zation partners average more than $150 per month in gross revenues per patient and almost $100 per patient in net revenues after paying for RCP services and the equip- ment financing. At the end of the 12-month financing period, net monthly revenues are expected to increase by more than $20 per patient to almost $120 per patient per month. “Part of our investment process is to always start off by asking, ‘What problem is this solving?’” said Kent MacWilliams, senior portfolio manager at Blue Elephant. “When Gregg and the team at RCP approached us about developing a program, they clearly laid out the obstacles for health care organizations of all sizes to achieve scale in remote care management, particularly in this economic environment. By providing a complete solution that includes financing for devices and systematic patient onboarding, RCP has resolved a key issue for their healthcare providers.” p A dvanced network communica- tions and technology solutions provider Windstream continues to win accolades for its initiatives to hire and support military veterans. Wind- stream ranked tenth on this year’s “Best for Vets: Employers” survey by Military Times . Windstream has appeared in the list’s top 15 for the last four years. A total of 164 organizations submitted responses to the “Best for Vets: Employers” survey that ran from March to July of this year, and 144 made the list. The survey asked more than 100 questions seeking detailed information based on each company’s policies and practices related to veteran recruitment and retention, support for translation of military skills to civilian credentials, support for military spouse employment and accommodations for members of the National Guard and reserves. Windstream also made this year’s “Best of the Best Top Veteran-Friendly Companies” list issued by U.S. Veterans Magazine  for the fourth consecutive year. And for the first time, Windstream was named to U.S. Veterans Magazine ’s list of “Top Supplier Diversity Programs.” The magazine polled hundreds of Fortune 1000 companies for this year’s “Best of the Best” evaluations. The annual review is an evaluation of the nation’s employers, initiatives, government agencies and educational institutions. These non-biased studies are valu- able resources for job-seekers, busi- ness owners, students, consumers, senior management, business asso- ciations, employment agencies and consumer groups, said Windstream. “Windstream is honored that our ongoing initiative to hire and support military veterans continues to win recognition,” said Mary Michaels, chief human resources officer for Wind- stream. “We are especially proud of making U.S Veterans Magazine ’s list of ‘Top Supplier Diversity Programs’ for the first time. This new ranking speaks to our efforts to expand a program that recognizes both the job skills and the public service of military veterans.” p RCP SmartHub for remote patient monitoring