Omada
The company's filing comes two months after fellow digital musculoskeletal care company Hinge Health filed for IPO.
At JPM24, the tech giant announced plans to expand individuals' access to digital health benefits, tapping chronic care management company Omada Health as a partner.
The company plans to use the new funds to hire more staff and build out its tech.
The new tool will provide computer vision technology to help PTs gauge patient function.
The company says the new system will improve patient convenience and cut payer costs.
Outcomes from the randomized controlled trial were presented today at a virtual conference. The company and its research partners say this study differs from others due to its size and length.
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The study was conducted by Omada and Evidation Health and included 195 participants.
Alongside the purchase and service launch, the digital health company also shared news of a $57 million investment from Perceptive Advisors.
Omada Health's digital program was modified to better support the study's low-income, frequently Hispanic/Latino patient population.