The financial terms of the deal were not disclosed.
Patient IO, a mobile and web-based app, is a care coordination platform used by healthcare providers to engage patients and caregivers outside the clinic. Patient IO, which currently works with more more than 30 clinics, allows patients to manage medications, review educational material and record data. Patient IO will form the the basis for athenahealth’s patient-facing mobile application, athenaWell, the company said in a news release.
Silicon Hills News did this profile of Patient IO last year.
“Care coordination and patient self-management is the next big ground on which healthcare will compete,” Jon Porter, senior vice president of emerging services at athenahealth, said in a news release. “By adding Patient IO to our portfolio and delivering their solution as a native component of athenahealth’s population health services, we’ve been able to strengthen our ability to partner with providers as they enter into and become masters of value-based care delivery. Patient IO accelerates our movement towards an exciting strategic milestone: becoming a trusted resource and partner to the patient.”
Jason Bornhorst, Colin Anawaty, and Brian Gambs founded the company in 2013. They also participated in the first Techstars Austin class in 2013. And CEO Bornhorst was recently named to the Forbes 30 Under 30 in Healthcare list. They will all join athenahealth Austin and Bornhorst will serve as executive director of product strategy.
“We are eager to marry our mobile care management competencies with athenahealth’s unique, network-enabled services,” Bornhorst, co-founder and CEO of Patient IO said in a news release. “By taking a patient-centered approach to development and embracing the potential of mobile, together we can reach more healthcare organizations than ever before.”
Initially, athenahealth made an investment in Patient IO last October through its ‘More Disruption Please’ Accelerator program.
Patient IO initially raised $1.5 million in seed rounding funding from Corinthian Health, Arcadia, Mercury Fund, Techstar Ventures, Geekdom Fund and angel investors. It also closed on $3.3 million in venture funding last November, according to a filing with the Securities and Exchange Commission.