# Health Recovery Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/health-recovery-solutions

- Industry: Software
- Headquarters: Hoboken, US
- Website: www.healthrecoverysolutions.com
- Total disclosed funding: $25M
- Latest round: Series C (Mar 10, 2021)
- Investors on record: 2

## About

Health Recovery Solutions, Inc. provides innovative remote patient monitoring and telehealth solutions, enhancing healthcare delivery and improving patient outcomes through advanced technology and care coordination.Health Recovery Solutions, Inc. was founded in 2012 and operates from Hoboken, US. The company specializes in remote patient monitoring solutions, enabling better management of chronic conditions. Jarrett Bauer, one of the founders, currently serves as CEO. In March 2021, HRS raised USD 25.38 mn in Series C funding led by LLR Partners, with participation from Edison Partners, bringing the total amount raised to USD 25.38 mn and the current company valuation to USD 235.571 mn.Health Recovery Solutions (HRS) specializes in providing remote patient monitoring (RPM) and telehealth solutions designed to enhance care coordination, improve clinical outcomes, and reduce healthcare costs. Their core offerings include the PatientConnect® platform, allowing healthcare providers to monitor patients remotely and manage chronic conditions like heart failure, diabetes, and COPD. HRS caters to hospitals, health systems, home health agencies, community health centers, and payers across the United States and potentially beyond.HRS operates on a B2B model, generating revenue through partnerships with healthcare providers integrating their RPM and telehealth solutions into clinical workflows. The company utilizes a subscription-based pricing structure, with healthcare organizations paying for access to the PatientConnect® platform and services. Partnerships facilitate reimbursement from CMS and private payors for services rendered using HRS's technology, alongside logistics, support, and analytics services that are vital to their revenue model.In March 2021, Health Recovery Solutions, Inc. raised USD 25.38 mn in Series C financing, which will be directed towards investing in infrastructure, product development, sales and marketing, and providing liquidity for early investors. The company plans to expand its offerings and enhance its platform to meet the growing demand for remote monitoring solutions, with potential expansions into new markets being considered, although specific regions or timelines have not been disclosed.

## Funding rounds

- Series C, Mar 10, 2021, $25M — Edison Partners, LLR Partners

## Investors

- Edison Partners (https://capitalatlas.ai/funds/edison-partners) — Series C
- LLR Partners (https://capitalatlas.ai/funds/llr-partners) — Series C