Health Recovery Solutions, a Hoboken, NJ-based provider of telehealth and remote patient monitoring solutions, completed its Series C funding of undisclosed amount.
The round was led by LLR Partners with participation from previous investor Edison Partners. In conjunction with the funding, Sasank Aleti, partner at LLR Partners, will join the HRS Board of Directors along with Scott Perricelli, Partner at LLR.
The company intends to use the funds to invest in infrastructure, product development, sales and marketing, as well as liquidity for other early investors in HRS.
Led by Jarrett Bauer, co-founder and CEO, HRS supplies healthcare providers and payers with an advanced remote monitoring and telehealth solution aimed at improving patient engagement to reduce hospital readmission and improve clinical outcomes. The company’s disease-specific telehealth solutions are customized with educational videos, care plans and medication reminders, while also integrated with Bluetooth devices for advanced clinical monitoring.
Today, HRS partners with over 220 medical centers spanning 50 states, servicing nearly 235,000 patients across 90 disease conditions.