CareSource invests $1 million in digital health startup Augment Therapy
DAYTON, OH, May 2, 2023 – CareSource, a nationally recognized nonprofit managed care organization, today announced a $1 million donation in Augment Therapy®, a digital health company enhancing rehabilitative health care and exercise through immersive and gamified technology. This investment will further CareSource’s mission to connect its members to the latest digital technologies to help address care gaps and ensure all people have access to innovative care.
CareSource and Augment Therapy previously announced a pilot program that is underway in four locations throughout Ohio to research and showcase how access to Augment Therapy encourages children, and adults of all ages to exercise more and to get the most out of physical therapy and rehabilitation in both the clinical and at-home environments.
“CareSource believes Augment Therapy’s innovative, immersive technology can transform the health care industry’s approach to physical therapy and significantly improve rehabilitation outcomes for patients with significant disabilities and complex health needs,” said Josh Boynton, senior vice president for complex health solutions at CareSource. “We look forward to helping more members and providers access this dynamic digital solution across the country.”
Augment Therapy’s gamified technology can be used in various settings, from pediatric children’s hospitals servicing inpatient and outpatient care, adult rehabilitation, and skilled nursing facilities, and in provider-focused at-home health care. Expected outcomes include increases in overall patient satisfaction which can lead to greater compliance in rehabilitative care. This could help reduce inpatient stays and readmissions and increase functional mobility levels.
“We are thrilled to strengthen our partnership with CareSource through this investment. We are proud to work with an organization that invests in innovation designed to particularly address the needs of marginalized groups including children, disabled and elderly populations,” said Lindsay Watson, PT, MPT, CEO and co-Founder of Augment Therapy.
Augment Therapy’s technology can be viewed in action in this YouTube video.
CareSource and Augment Therapy hope to expand their pilot program into new markets in Ohio, Georgia, Indiana, Arkansas, Texas, Florida, Kansas and Michigan through its partnership with CareSource.