ApolloMed Takes Minority Equity Stake and Board Seat in Telehealth Company LifeMD

Apollo Medical Holdings Inc., an integrated population health management company delivering value-based care, has taken a minority equity stake and board seat in telehealth company LifeMD.
 
ApolloMed CEO Warren Hosseinion, M.D., will take a seat on the LifeMD Board of Directors.
 
Based in Boynton Beach, Fla., and currently providing telehealth services in 43 states, LifeMD is a comprehensive telehealth company with a proprietary platform that delivers a fully-integrated telehealth solution that allows healthcare providers and patients to connect and manage medical conditions which can be treated and monitored remotely.  The company’s HIPAA/FERPA-compliant technology incorporates a cloud-based multi-point video conferencing system with an embedded phone bridge. It uses a codec which is U.S. Food and Drug Administration-approved for transmitting medical images, sounds and data while maintaining cross-platform capabilities. Patients can connect with a provider using their Windows, iOS or Android devices. Providers can extend their telehealth reach with custom-designed LifeMD mobile cases, telehealth kiosks and mobile carts. 

LifeMD’s software platform includes a HIPAA-compliant cloud-based EHR, practice management module including scheduling, electronic prescriptions, a patient portal that enables patients to view their medical records, and a bi-directional lab interface that allows providers to order and receive labs. LifeMD also has access to a physician network that includes primary care providers, pediatricians and specialists.

“We are committed to partnering with innovative healthcare technology companies that help us achieve the triple aim of improved quality of care, improved patient satisfaction and reduced healthcare expenditures,” stated Hosseinion. “We were very impressed with LifeMD’s medical-grade telehealth equipment, proprietary cloud-based software and support services, and see great potential in improving access to healthcare for our patients, deploying our Apollo Care Connect digital care plans across the care continuum and managing care in more cost-effective and convenient settings for patients.”
 
LifeMD’s systems can be configured to meet the needs of any medical facility, school or institution. The telehealth stations include two-way video conferencing, stethoscopes, pulse oximeters, thermometers, scales, glucose meters, multi-purpose scopes (otoscope/opthalmoscope), EKG, and blood pressure cuffs. LifeMD’s diagnostic equipment and software allows a provider to virtually deliver up to a Level 5 consultation.
 
The company anticipates aligning LifeMD’s telehealth infrastructure with ApolloMed’s extensive network of ACO, IPA, hospitalist group, hospice/palliative care and home health operations.  LifeMD will leverage ApolloMed’s comprehensive network of primary care and specialist providers to expand its physician network.
 
“Our mission is to become one of the leading providers of telehealth services in the U.S.,” stated Mark Vollaro, CEO of LifeMD. “We appreciate the confidence and support from ApolloMed, and believe this partnership will benefit both of our organizations. We are excited at the potential to integrate with ApolloMed’s large ecosystem of providers and medical groups to increase the overall quality and convenience of care.”
 
Founded in 2001 and headquartered in Glendale, Calif., ApolloMed is an integrated population health management company committed to providing multi-disciplinary care in the communities it serves. ApolloMed addresses the healthcare needs of its patients by leveraging its integrated healthcare delivery platform comprised of: ApolloMed Hospitalists, ApolloMed ACO (accountable care organization), APA ACO (next-generation ACO), Maverick Medical Group (independent physician association), Apollo Care Connect and Apollo Palliative Services (hospice/palliative care and home health services). ApolloMed strives to improve medical outcomes with high-quality, cost-efficient care. 
 
LifeMD is a telehealth company with a proprietary platform that delivers a fully-integrated telehealth solution to connect physicians, other medical providers, pharmacists and patients worldwide. The LifeMD technology incorporates a cloud-based multi-point video conferencing system with an embedded phone bridge. Patients can connect with a provider using their Windows, iOS or Android devices. Providers can extend their telehealth reach with custom-designed LifeMD mobile cases, telehealth kiosks and mobile carts.