Spire Health
Spire Health, based in San Francisco, CA, specializes in remote patient monitoring and Virtual First Care for COPD patients, utilizing advanced respiratory sensing technology and licensed medical staff to improve patient outcomes and reduce healthcare costs.
Company Overview
Spire Health, headquartered in San Francisco, California, specializes in the healthcare sector, specifically within consumer health and wellness. Founded as 'Spire,' the company has evolved to provide advanced remote patient monitoring services primarily focused on respiratory care. With a dedicated team of 52 professionals, Spire Health is part of the Y-Combinator Winter 2015 batch. The company operates within the regions of the United States of America, America/Canada, and offers remote work options.
Remote Patient Monitoring Services
Spire Health's Remote Patient Monitoring service combines advanced respiratory sensing technology with licensed medical staff to detect changes in patient health and intervene accordingly. This technology has been utilized by over 150,000 individuals. The sensors are 100% passive, meaning they do not require active engagement from the patient, thereby driving long-term adoption and use. The service is central to reducing hospital visits, improving quality of life, and cutting healthcare costs.
Virtual First Care for COPD
Recognized as America's leading provider of Virtual First Care for Chronic Obstructive Pulmonary Disease (COPD), Spire Health offers a service that integrates preventative technology with clinical expertise. This approach enables the early identification and management of health risks, leading to significant benefits such as an 83% escalation rate resulting in clinical interventions, a 65% reduction in 12-month all-cause hospitalizations, and up to $10,000 in annual savings per patient. Moreover, 87% of patients continue the service for more than six months, achieving an NPS of 85.
Patient-Centric Care
Spire Health places a strong emphasis on patient-centric care. Their monitoring team comprises clinicians licensed across the United States, ensuring wide-reaching and personalized care. The company uses patient-specific algorithms to identify risks early and has a streamlined process for identifying, contacting, and obtaining consent from patients. These efforts contribute to high patient satisfaction and engagement.
Flexible Contracting and Payment Models
Spire Health offers flexible contracting models tailored to the needs of different healthcare providers and stakeholders. The company emphasizes a performance-based payment approach, aligning their success with patient outcomes. This model not only encourages optimal results but also fosters trust and transparency between Spire Health and its partners, ensuring that patients receive timely and effective care.