“This is the start of a wave that moves very quickly through the house:” Hoy Health CEO on telehealth
Improving cultural competence in health care is not just about being able to speak a patient’s language. It is about involving patients and finding solutions adapted to their lifestyle, customs and schedules, explains Mario Anglada, CEO of Hoy Health, which offers telehealth services for $ 25, drugs. between $ 10 and $ 40 and a voucher system to provide drugs to friends and family. abroad.
Founded in 2017, Hoy has primarily focused on the LatinX / Hispanic demographics. Due to the pandemic, however, the company is expanding beyond Spanish speakers and forming its group of partners to do so, Anglada told Yahoo Finance.
[Read more: Startup uses remittances to remove ‘time and distance’ from health care]
âOur customers on the healthcare sideâ¦ started to see a need for remote health monitoring. So during the pandemic, we were able to quickly switch and deployâ¦ a multitude of about 14 different devices that would help our customer base. with their patient follow-up in a really supportive environment, âAnglada told Yahoo Finance.
To date, Hoy Health has been a treasury business, but now works with insurers to cover the services, Anglada said.
âA lot of our clients don’t have the financial burden on them. Now what we’re seeing is a very accelerated adoption path,â Anglada said.
To date, the business has been a cash business, but now works with insurers to cover services as more partners see technology as the wave of the future, Anglada said.
In addition, the Federal Communication Commission provides grants to help support telehealth efforts – since the pandemic has highlighted the benefits and ease of use. Congress has allocated $ 200 million through the CARES Act.
âDuring the pandemic, what we’ve seen – and we’ve already been fortunate enough to have our first national contract with an HMO – is that the payroll system saw that this is the future. now they inspire pilots and projects to prove the case And when they see the results the results speak for themselves. And I can tell you that because in our discussions with one of our biggest partners, Mayo Clinic, they give us signals that say, hey, this is here to stay. And we think this is the start of a wave that is moving very quickly through the house. And we are working with Mayo and others to make it a reality, âAnglada said.
To note: Verizon, the parent company of Yahoo Finance, is working with Hoy Health to provide telemedicine services to its customers.
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