Australian healthcare startup Coviu highlights rapid growth
Australian virtual healthcare startup Coviu is expanding its product offering and launching in the US after a period of significant growth.
Compared to the start of the pandemic, Australia’s healthcare system is almost unrecognizable as it was forced to meet growing demand for digital healthcare, the company says.
Keeping pace, Coviu’s team has grown fivefold in the past two years alone, to 50 people worldwide, and has seen platform usage growth increase by 6,250%.
In Australia, between March 2020 and March 2022, over 100 million telephone and video telehealth services were provided to approximately 17 million Australians across the country. Of this number, video consultations represent more than 12 million telehealth services.
Validating its position in the healthcare ecosystem, the Covius platform is now used by more than 90,000 clinicians worldwide and has provided over seven million consultations to date, with virtual care becoming a healthcare delivery option. privileged health.
By providing an all-in-one virtual care platform, Coviu enables healthcare providers to deliver a virtual care experience to improve clinical outcomes, capacity and workflow efficiency.
With secure video conferencing, a broad app market, remote patient monitoring, and new unified software for telephone and video support and group therapy consultations, Coviu’s solution helps healthcare providers develop their digital infrastructure.
According to Coviu, the pandemic served as a catalyst for telehealth adoption as healthcare practices around the world adjusted to lockdowns and social distancing measures. But even as the world adjusts to post-pandemic normalcy, virtual care looks set to stay, with the telehealth market expected to reach $14 billion by 2030.
Dr. Silvia Pfeiffer, CEO and Founder of Coviu, says: “When it comes to digital healthcare, at the start of COVID-19, we experienced the kind of adoption within weeks that would normally have taken years. . We were built from the ground up for the medical profession and for scalability.
“Connected digital care is here to stay and plays an important role in improving the convenience and accessibility of healthcare. The future of healthcare will be centered around the needs of patients with advanced technologies. health at your fingertips.”
Coviu’s technology offers a vision of connected care providing a system of action. Through the platform, providers can provide rapid impact on patient care by breaking down many traditional barriers.
As a purpose-built platform, Coviu has a number of advantages over standard business and consumer communication tools such as Zoom and Google Meet, particularly when it comes to clinical workflows. and use cases.
Coviu enables the integration of digital tools such as The Clinician’s Digital Care Pathways ZEDOC app and Propell Health’s mobile health devices and 2M Lingo’s on-demand interpreter services, increasing the accessibility of care for Culturally and Linguistically Diverse Patients (CALD).
Validating its position as the champion of connected care in Australia, Coviu has partnered with CSIRO and the University of Sydney (among others) to lead the creation of an AI-powered digital toolkit to transform patient care. sores.
It also provided software for a virtual training program to enhance end-of-life conversations and help families make more informed decisions about organ and tissue donation. When combined with specialist knowledge, these tools can be easily used in a digital environment, streamlining Australia’s healthcare industry, the company says.
Dr. Pfeiffer adds, “Research shows that up to 80% of clinician visits can be completed online with comparable clinical outcomes, with digitization creating opportunities for greater continuity of care and higher revenue for providers. . Our mission is to empower healthcare providers with an unprecedented telehealth solution to help them thrive, not just survive in these challenging times.”
Now facilitating a daily average of more than 14,000 telehealth consultations, Coviu plans to double its workforce over the next twelve months as it aims for international growth.
As part of the company’s expansion efforts, Coviu has appointed former AthenaHealth and TigerConnect executive Kirk Paul Kirkman as the company’s Chief Commercial Officer and President of Coviu Corporation.
He brings extensive experience driving sustainable growth and scaling the best healthcare system providers that will drive Coviu forward as it continues to expand globally.
Kirkman says, “Health care today is replete with systems of record, with important health data residing in silos waiting to be released. Now is the time to invest in our global healthcare community, ensuring that healthcare professionals around the world have the right tools to support an improved level of care by combining healthcare data with the platform of Coviu’s connected care, thus enabling the health care action system. That’s exactly why we’re growing in the United States.”
Dr. Pfeiffer concludes, “By taking a holistic approach to digital healthcare, the healthcare industry can enable timely interventions, reduce hospital admissions, better allocate resources based on patient risk, and improve workflows. work across the industry. On the other hand, relying on integrated solutions means that patients can experience a better level of care from the comfort of their own home.
“Coviu has reached an important inflection point. The Australian healthcare sector is totally different from what it was three years ago. During this period, our role has evolved beyond the education of industry and policy makers on the value of telehealth, campaigning for the permanence of Medicare-funded telehealth, to champion the next generation of virtual healthcare now.”