What you should know:
– Babylon (NYSE: BBLN) acquires patient participation platform Health day by day (“DayToDay”) to provide members of Babylon with highly attractive and digital DayToDay clinical programs and services before and after scheduled surgeries, important health events such as childbirth, and the diagnosis of chronic diseases.
– The financial details of the acquisition were not disclosed.
Improving life by guiding patients with individualized care
Although almost all care and recovery trips extend beyond the walls of the hospital and clinic, little support is available to most people during their crucial recovery period. DayToDay was founded in 2018 by Prem Sharma, a serial entrepreneur, and Dr. Khalid Aljabri, a cardiologist at Tufts Medical Center, during his stay at MIT through the Delta-V Accelerator Program. DayToDay addresses this need by providing patients with targeted education, communication, and clinical support from a personal care team before or after clinical visits, hospitalizations, or surgeries.
Having cared for thousands of acute care patients who had major medical problems, DayToDay’s health management has shown significant benefits. For example, the company has been able to keep rehospitalization rates below 4%, while the industry average is close to 15%, and has reduced expected wound infection rates by 93%. . Babylon will integrate DayToDay’s scalable capabilities into its existing digital healthcare offering to support members as they prepare for and recover from medical interactions, no matter where they are.
As part of the acquisition, the DayToDay team will join the Babylon team to lend their technical expertise and to help merge DayToDay’s guiding mission to create the ultimate patient care experience for to anyone, anywhere in the world, with Babylon’s mission to provide accessible and affordable health care. attention to every person on Earth.
Babylon’s team of physicians will oversee the implementation of DayToDay’s pre- and postoperative care management, ensuring end-to-end care coordination and proper treatment at the right time. This will allow doctors to care for and support patients in hospital settings more efficiently and send them home knowing that they will receive guidance through the imperative recovery process, a time when people often need more healthcare.
“We are delighted to welcome the DayToDay team to Babylon, as both companies are working to achieve the same goal of leveraging technology to enhance the patient experience,” said Ali Parsa, founder and CEO of Babylon. . “As we continue to evolve our value-based care services and enable our members to take control of their health, the addition of pre- and post-surgical care will help our members in a significant period of need, improving general accessibility, quality and accessibility results “.