Digital Health Solutions and Value-Based Care with CareSignal CEO Blake Marggraff

Decoding Healthcare Innovation

In this episode, Carrie and Blake discuss:

• What exactly is "deviceless remote patient monitoring"?
• Why did CareSignal choose to focus in the value-based care space as early as 2015 -- and how did they succeed there?
• What role do Social Determinants of Health play in value-based care models?

Key Takeaways:

• Deviceless remote patient monitoring strikes a good balance between remote monitoring and patient engagement for value based care without relying on peripheral devices.
• When a product is designed to be easy to use, it becomes accessible to as many people as possible and therefore has the potential to help as many people as possible too.
• CareSignal decided from a risk-reward perspective that it was optimal to take the risk that the value based care trend wouldn't pan out. The reward if they could build the first product that could really scale for remote monitoring and engagement in a true value based care arena would make that risk worthwhile.
• A lot of physicians and clinicians are experiencing burnout as well as staffing shortages. This fear that technology will displace them actually allows for companies to position their technology as a way to allow physicians and clinicians to operate at their highest level of practice while some of the other things are taken care of by technology.

“Improving health equity by supporting social determinants of health is the right thing to do clinically, as humans. But now, it's the right thing to do financially as well. And it's just going to become more and more so.” - Blake Marggraff

Connect with Blake Marggraff:

Website: https://caresignal.health/

LinkedIn: https://www.linkedin.com/in/marggraff/

Twitter: https://twitter.com/blakemarggraff

Learn more from Carrie and Rebecca:

Healthcare Insights (a monthly deep dive into specific topics for innovators): https://nixongwiltlaw.com/healthcare-insights

Telehealth/Virtual Care Mgmt Update (a biweekly LinkedIn newsletter tracking legal and policy changes across the nation): https://www.linkedin.com/newsletters/telehealth-virtual-care-update-6901900767960068096/

Website: https://nixongwiltlaw.com/

Carrie on LinkedIn: https://www.linkedin.com/in/carrienixon/

Rebecca on LinkedIn: https://www.linkedin.com/in/rebeccagwilt/

NGL on LinkedIn: https://www.linkedin.com/company/nixon-gwilt-law/