Healthcare companies are adopting video-based healthcare services healthcare video conferencing has become a preferred means for people to interact.
To address the growing needs, Kaiser Permanente Ventures made a $10M strategic investment in Vidyo. The secured funds will be used towards accelerating growth in telehealth, telemedicine and healthcare video conferencing solutions.
Know about healthcare video conferencing solutions: http://www.vidyo.com/solutions/healthcare/
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Kaiser Makes Strategic Investment in Vidyo for Telehealth
1. www.vidyo.com | 1-866-99-VIDYO
Vidyo Blog Post | December 14, 2015
Kaiser Permanente
Ventures, the corporate
venture capital arm of
Kaiser Permanente,
made a strategic $10M
investment in Vidyo.
Author: Eran Westman
Health care companies are actively embracing video-based visits with
patients. The general public is more comfortable with video-based
interactions. From policy makers to care providers to patients we’re
seeing a groundswell for telemedicine. Highest quality, easily available
video is an integral piece of the multi-billion dollar healthcare market
moving forward and a critical advantage for both healthcare providers
and vendors alike.
Kaiser Permanente CEO Bernard Tyson is “betting big on videoconference technology that will
improve online healthcare,” and is “distributing care out of the hospital.”* There is tremendous growth
opportunity in the telehealth market, which is projected to reach $34B by 2020.
Kaiser Makes Strategic Investment in
Vidyo
As we announced earlier
Kaiser Permanente Ventures,
the corporate venture capital
arm of Kaiser Permanente,
made a strategic $10M
investment in Vidyo. We see
this investment as validation of
the ability of the VidyoWorks
platform to address the various
needs of major telehealth
implementations, especially our
ability to seamlessly embed HD
quality, reliable video
interactions into workflows and
applications at scale.
2. www.vidyo.com | 1-866-99-VIDYO
Vidyo is already strong in telemedicine, nearly half of the top 100 healthcare delivery networks in the
U.S. rely on Vidyo for their telehealth applications including Partners Healthcare, Kaiser Permanente,
UPMC, Mercy and Carolinas. We have seen significant growth in deployment of integrated solutions
like teleICU, patient portals and clinician EHR interfaces. Ours is the only video platform integrated
into major Electronic Health Record (EHR) providers, like EPIC and Cerner, accounting for more than
50% of the EHR market, and Vidyo is the platform of choice for Philips Healthcare ICU beds, GetWell
Network interactive patient engagement solutions, Healthspot kiosks deployed in drug stores across
the country and virtual care offerings through American Well. Today, there is broad recognition that
the future of healthcare is beyond the hospital’s four walls and into the home, and the focus is on
implementation.
Vidyo has seen tremendous traction in healthcare, in fact many times our clinical applications drive
interest in Vidyo in non-clinical settings. Telemedicine is a great example of the power of our platform
to transform an industry and we are very excited to replicate this success in Customer Engagement,
Financial Services, Government and other industries.
* Fortune, April 29th, 2015: The prognosis for U.S. healthcare? Better than you think.
What sets Vidyo apart is the experience the
technology provides. When it comes to making
critical health decisions, “good enough” video is not
good enough. Vidyo is able to deliver the most
reliable, highest quality visual experience that can be
completely embedded into applications, workflows or
endpoints. Making Vidyo communication a seamless
part of the experience is key to driving adoption. We
believe that seamless integrations can help eliminate
the “tele” in telehealth, and that caring for patients at
a distance will become a standard of care that is just
part of how medicine is practiced and care is
delivered in the future.