Adi Berenson is the co-founder and CEO of Clair Labs. He explains the reimbursement economics available to healthcare providers through Medicare Remote Patient Monitoring programs.
Assertion Not publicly verifiable
Clair Labs detects 95% of COPD hospitalizations seven to eight days early
“What we are showing is Is that we are raising the, an accurate alarm flag seven to eight days before very, I mean, in very high rates, like 95%, ok? 95% of the hospitalization cases of the clinical trials of the sample we sampled. We are showing a very obvious…”
Insight
Wearables fail for elderly patients due to charging and pairing noncompliance
“So number one problem with COPD patients, and with other chronic patients, especially elderly, is compliance. Everything that requires them to take action, which is charging, putting it back on, tolerating it even, pairing it with the phone, is Is, is going to…”
Assertion Supported
Clair Labs uses near-infrared to measure pulse and respiration contact-free
“And then by looking at your skin in two waves of near infrared, it can see movements of superficial arteries. So arteries that are very close to the surface by looking at those arteries, we see volumetric changes and we see tone changes. And then we are actual…”
Assertion Contradicted
Medicare and major payers reimburse Clair Labs' remote patient monitoring services
“The way it works, the business model, is that our customers are providers, our healthcare providers, and they are offering it under, I will call, an umbrella of RPM, remote patient monitoring services, which is reimbursed by Medicare and all major healthcare p…”
Disclosure
Clair Labs provides free devices and takes a cut of Medicare reimbursements
“We believe that we're going to get a big chunk of it. That's the business model. So we're not charging the provider for the device itself. We're actually getting recurrent revenues out of the reimbursements.”
Assertion Contradicted
The average COPD patient is hospitalized yearly at a $12,000 cost
“So an average COPD patient, which is diagnosed as such, is having an average incident of hospitalization at least once a year. And this hospitalization is costing 12,000 dollars.”