Exchange Inc. today announced that Axial Exchange has acquired
mRemedy, a company formed in 2009 by DoApp, Inc. and Mayo Clinic to
offer a mobile healthcare platform to healthcare providers. The
acquisition provides Axial Exchange with the software, pipeline and
customers of the myTality® patient-facing mobile healthcare application,
which helps patients navigate a future hospital visit, and helps
hospitals better market their services. Axial will use the myTality
suite as the patient-facing complement to Axial's award-winning
care transition products, Axial
Patient™ and Axial
Provider™, which support transition of care from the hospital
to home. Canaan Partners, Axial's lead venture capital investor, and
Mayo Clinic both invested in Axial Exchange to complete the deal.
This agreement also provides Axial Exchange with access to consumer
content from MayoClinic.com that offers patients reliable health
information from one of the world's most respected healthcare providers.
This content will be incorporated into Axial's current patient-facing
products, as well as in future Axial offerings. The health information
licensed to Axial includes detailed information on nearly 1,000
conditions and diseases.
In addition, four Mayo Clinic physicians will join Axial's Advisory
Board and lend their clinical expertise to the ongoing development of
Axial's solutions. These include Dr. Paul Y. Takahashi, MD; Nathan
Jacobson, DO: and two others to be named.
"Patients and their families want and expect the most up-to-date
information about life, health, disease and treatment," said Dr.
Paul Takahashi, associate professor of medicine at Mayo Clinic, an
expert in the field of geriatric and internal medicine. "Mayo Clinic's
health information content will now reach even more people, providing
accurate answers to common and uncommon health issues."
"This is a case where one plus one definitely equals three," said
Stephen Bloch, MD, general partner at Canaan
Partners. "Axial is quickly growing into a best-in-class solution
for improving the discharge process in hospitals. Integrating a
patient's personalized care plans into a hospital's mobile portal was
the logical next step to allow hospital to offer end-to-end patient
care. Having Mayo Clinic on the Axial Advisory Board will augment our
philosophy of offering the gold standard in patient engagement."