SCOTTSDALE, Ariz. – With the acquisition of Miami-based TreatMD, telemedicine provider GlobalMed is able to offer the complete care of a patient, from the clinic to urgent care to the emergency room to long-term care facilities to the home.
TreatMD offers an on-demand health care platform to connect patients with telemedicine physicians. Physicians set their own rates and whether they are available for phone, video or in-person visits.
“The opportunities are endless,” said Joel E. Barthelemy, CEO of GlobalMed.
GlobalMed, which logged more than 3 million patient encounters last year, offers telemedicine solutions ranging from portable medical devices to fully customized exam stations. Its connected ecosystem gathers vital signs, monitors progress, views ultrasounds, hears heart and lung sounds and captures images of skin, ears, eyes and other areas. The digital devices all integrate into the eNcounter software suite.
New functions will now include home monitoring through wearable devices, on-demand scheduling, electronic prescribing and more.
“This is not just single-purpose home monitoring,” said Barthelemy. “It means that we now have an all-in-one seamless platform.”
GlobalMed looked at close to 100 other companies to buy or partner with, Barthelemy said. TreatMD was the solution.
“It would have taken us two more years and tens of millions of dollars to develop what we just acquired with TreatMD,” he said.
GlobalMed closed on several other acquisitions this year, including behavioral science company ORCAS. Barthelemy said the company will be looking at other acquisitions to position itself as the one telehealth/telemedicine company that integrates a full continuum of care.
“We don’t see much getting in our way of accomplishing that mission,” he said.