Babylon (NYSE: BBLN) – one of the world’s fastest growing digital healthcare companies, today announced completion of its acquisition of DayToDay Health. It was to provide Babylon members with DayToDay’s digital-first, highly engaging programs. Also clinical services prior to and following scheduled surgeries. Major health events like childbirth, and following diagnosis of chronic conditions. Ali Parsa founder Babylon and also Babylon’s CEO along with Prem Sharma says joining Babylon will empower DayToDay. Prem Sharma is the founder and CEO of DayToDay.
About DayToDay
DayToDay was started as a research project at MIT in 2018. The company was founded by Prem Sharma, a serial entrepreneur, and Dr. Khalid Aljabri. Dr. Khalid is a cardiologist at Tufts Medical Center. Together, both Sharma and Aljabri at MIT initiated Delta-V accelerator program.
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Although almost all care and recovery journeys extend beyond hospital and clinic walls. There is little support available for most people during their crucial recovery period. DayToDay solves this need by providing patients targeted education, communication and clinical support. Personal care team also helps before or after clinical visits, hospitalizations, or surgeries. Having served thousands of acute care patients who had significant medical issues, DayToDay’s health management has shown significant benefits.
For example, the company has been able to keep rehospitalization rates below 4%. The industry average is close to 15%, and has cut down the expected wound infection rates by 93%. Babylon integrates DayToDay’s scalable capabilities into its existing digital-first healthcare. Offering to support members as they prepare for and recover from medical interactions, no matter where they may be located.
What Ali Parsa Founder Babylon Says
“We’re excited to welcome the DayToDay team into Babylon, as both companies work toward the same goal of leveraging technology to enhance the patient experience,”. Said Ali Parsa Founder Babylon & CEO of Babylon. “We continue to evolve our value-based care services. Empower our members to take control of their health. The addition of pre- and postsurgical care will help our members. And at a significant period of needs, improving overall accessibility, quality and affordability outcomes.” Ali Parsa founder Babylon says.
More about DayToDay
“Joining Babylon will empower DayToDay to scale its robust platform to clinical areas. Also by deploying its proven platform to the Babylon customer base,”. Said Prem Sharma, CEO of DayToDay Health. “Working together, we can tap into Babylon’s AI capabilities and improve the virtual care experience for both patients and providers alike.”
Headquartered in Boston, DayToDay was founded in 2018 by a team of engineers, scientists and clinicians. Their timely goal of managing highly appreciated. The virtual patient care – specifically acute, post-surgical, and out-of-hospital care. DayToDay’s team will join the Babylon team to lend their technical expertise, and to help merge DayToDay’s guiding mission. Also to create the ultimate patient care experience for anybody, anywhere in the world.
With Babylon’s mission to provide accessible and affordable healthcare care to every person on Earth. And also notably cured 3,254 acute care patients who had significant medical issues in their most recent year.
About Babylon
Babylon is one of the world’s fastest growing digital healthcare companies. The mission is to make high-quality healthcare accessible and affordable for every person on Earth. Babylon is re-engineering how people engage with their care at every step of the healthcare continuum. By flipping the model from reactive sick care to proactive healthcare through the devices people already own. Ali Parsa founder Babylon offers services to 24 million people globally ongoing, always-on care. Babylon has already shown that in environments as diverse as the developed UK or developing Rwanda, urban New York or rural Missouri.
Ali Parsa says Babylon is for people of all ages. It is possible to achieve the mission by leveraging highly scalable, digital-first platform. This will be combined with high quality, virtual clinical operations to provide integrated, personalized healthcare.
Founded in 2013
Founded in 2013, Babylon’s technology and clinical services is supporting a global patient network across 15 countries. Also with 15 languages available for communicating. And through a combination of its value-based care model, Babylon 360, and its work in primary care through NHS GP at hand. Babylon will manage over 350k lives globally by the end of 2022. In the first half of 2021 alone, Babylon helped a patient every 5 seconds. This is approximately 1.7 million AI interactions and 1.3 million consultations. Importantly, this was achieved with more than a 95% user retention rate and 5 star rating from circa 90% of users.
Babylon is already working with governments, health providers, employers and also insurers across the globe. This is to provide them with a new infrastructure that any partner can use to deliver high-quality healthcare. And with lower costs and better outcomes. For more information, please visit www.babylonhealth.com.
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