July 21, 2019 3:48 PM ET

Health Care Technology

Company Overview of Validic, Inc.

Company Overview

Validic, Inc. develops and delivers a cloud-based platform to collect mobile health data from Internet-enabled mobile health applications and devices. It offers applications that enable developers to create, read, update, and delete objects under their organization. The company’s applications include Validic Solution, a cloud-based technology platform that connects patient-recorded data from digital health applications, devices, and wearables to key healthcare providers; Validic Connect, a solution that provides access to less pervasive clinical and consumer devices and applications; and Validic Mobile, a solution that enables data collection from digital health apps and in-home devices. It ...

701 West Main Street

Suite 620

Durham, NC 27701

United States

Founded in 2010

Phone:

800-495-7934

Key Executives for Validic, Inc.

Co-Founder and Chief Executive Officer
Co-Founder and President
Vice President of Finance
Vice President of Business Operations
Chief Architect
Compensation as of Fiscal Year 2019.

Validic, Inc. Key Developments

Validic and Welldoc Partners to Enhance Engagement for Individuals Living with Chronic Conditions

Validic and Welldoc announced their partnership to broaden the access and integration of personal health data within the Welldoc BlueStar platform. The collaboration will allow BlueStar users to connect their wearables, apps, and in-home health devices directly to the platform – enabling deeper engagement and better self management of one's health. With a common goal to address total health for individuals who may be managing a multitude of complex conditions, Welldoc and Validic are well-aligned to improve engagement, access and outcomes for patients. As the number of people managing chronic conditions continues to grow – with one in four American adults managing multiple chronic conditions – patients are seeking ways to better self-manage health outside of the clinical setting. With the vast amount of consumer health tools, including wearables, consumer apps, and in-home medical devices available on April 30, 2019, patients are leveraging device-generated data to enable a better understanding of how behavior, lifestyles and daily habits impact their health and how to more effectively self-manage their conditions. By integrating Validic's ecosystem of over 375 wearables, apps, and home health devices, Welldoc allows for users to connect their preferred health apps and devices, regardless of device manufacturer, directly into the BlueStar platform. This allows for the passive transfer of personal health data in near-real time from the device to the program. For BlueStar users, this means more precise coaching and guidance to understand daily habits and manage conditions in partnership with the user's own care team. This is important, as data shows that those who passively collect data via connected apps and devices stay engaged nearly four times longer than those who enter the data manually. Daily engagement and monitoring behaviors of patients is key to improve traditional in-person care. Welldoc will leverage Validic Inform, a device-agnostic data connectivity platform, and Validic VitalSnap®, a patented optical character recognition technology, to connect to both Bluetooth-enabled and legacy in-home medical devices. Though Welldoc had built connections previously to devices, they turned to Validic to empower more of their users with an even broader, scalable bring-your-own-device strategy. By integrating activity data alongside glucose data, BlueStar provides accurate, actionable guidance on managing diabetes on a daily basis. Given more people are living with and struggling to manage comorbidities, it is important to address all facets of a person's health, rather than a singular condition or biometric reading. By offering a single connection point to access hundreds of devices that capture a variety of data types – from activity to blood pressure to sleep – the user's healthcare providers are better informed and thus enabled to address critical issues in daily behaviors. The data in BlueStar provides precision, real-time feedback focused on engaging patients to manage toward personalized goals and improved outcomes.

Validic Announces Partnership with DexCom to Allow for CGM Data Access, Comprehensive Patient Care

Validic announced a partnership with DexCom, Inc. Through this partnership, Dexcom CGM data from Dexcom's cloud API is integrated into the Validic data connectivity platform – establishing one of the first multi-measure platforms to stream in-home clinical data directly into clinical workflows and systems. When this data is integrated directly into the clinical workflow, providers can easily access and incorporate patient-generated health data into programs of care to better manage chronic and post-acute conditions. The addition of machine learning and analytics capabilities enables more personalized, automated treatment – allowing care teams to manage by exception. With technology that can elevate critical data when necessary, care teams can spend less time checking in and more time helping out. Continuous glucose data, in conjunction with other biometric data from patients' wearables, health apps, and in-home medical devices, can offer a holistic view of patient health – resulting in more informed, proactive care decisions.

Smart Meter, LLC Announces its integration with Validic

Smart Meter, LLC announced its integration with Validic. Together, the companies bring a simple, convenient and affordable diabetes management solution to people with diabetes, healthcare teams and population management programs. The iGlucose solution, which uses cell-enabled technology to automatically transmit real-time blood glucose results, removes complex technology issues by automatically transmitting real-time blood glucose (BG) results that can be viewed and acted on by a healthcare team. With the integration of iGlucose into the Validic platform, health systems and corporate wellness leaders can now offer an effective diabetes management program that fits easily into busy lives. When an iGlucose user checks their blood glucose, the healthcare team can receive near real-time, actionable data and has the information to confidently treat their patients. This integration demonstrates Validic's ongoing commitment to deliver personal health data simply and seamlessly into the healthcare system and to continue to build connections to market-leading connected medical health devices and wearables. By providing tools that enable the access to and analysis of personal health data, Validic powers scalable, personalized and data-driven wellness and remote care programs that offer organizations a critical competitive advantage in an increasingly crowded market. Affordable and easy to use, the iGlucose Solution eliminates the day-to-day hassles of cables, synching devices and downloading apps for people with diabetes. Healthcare teams can easily engage patients by viewing real-time results and seeing when their patients' BG results are out of range. iGlucose enables and supports the new CMS reimbursable remote patient monitoring program (CPT 99091) that requires patient-generated, digitally stored data.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
August 3, 2018
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