TELUS Ventures invests in global health IT pioneer Get Real Health
Funding stake comes as momentum in personal health industry continues to
VANCOUVER, and ROCKVILLE, MD, Aug. 27, 2013 /CNW/ - TELUS Ventures is making a
significant investment in Get Real Health, a global patient engagement
software company based in Rockville, Maryland in the United States. Get Real
Health specializes in personal health record (PHR) technology, powered by
their award-winning software platform InstantPHR. The funding stake
spotlights the potential both organizations see in the fast-moving personal
health IT space - a rapidly growing industry expected to grow to $250 billion
by 2015, according to the World Bank.
The TELUS Ventures funding will allow Get Real Health to achieve several
-- Accelerate the development of new features and functionality of
Get Real Health's software product, InstantPHR
-- Build its customer support capability and offer customers more
tools to help them be successful with its software
-- Expand its marketing and sales efforts
-- Form new strategic alliances to gain increased market access
-- Enhance the company's ability to provide more integrated
comprehensive solutions to potential clients in conjunction
"We at Get Real Health are very excited to deepen our excellent relationship
with TELUS through this investment," said Mark Heaney, Get Real Health CEO and
founding partner. Heaney said the two companies' history of positive
collaboration provided an important level of trust. "Thanks to our
longstanding relationship with TELUS Health, TELUS Ventures had a front-row
seat to our rapid growth and our proven track record as a health IT
innovator," said Heaney. "The personal health market is hot—and getting
hotter—which makes the timing of this investment a prescient move for TELUS
and a game-changing opportunity for us at Get Real Health."
Since January 2011, TELUS Health has been the exclusive InstantPHRpartner
for Canada. Get Real Health's InstantPHR software is the technology platform
that drives TELUS' PHR solutions giving patients a way to manage their own
health information. Get Real Health and TELUS Health have also collaborated on
numerous large-scale solutions including the Mental Health Engagement Network
(MHEN) research pilot project, led by Lawson Health Research Institute, which
assesses the effectiveness of the app called the Lawson SMART record
(Supportive Mental Assessment Rehabilitation and Treatment). The Lawson SMART
record is an innovative online tool that gives Canadians with mental illnesses
an intuitive and secure way to manage their personal health information.
"TELUS Health is committed to changing the way Canadians look at healthcare
through the use of innovative health technology," says Paul Lepage, President,
TELUS Health. "We share a common vision with Get Real Health to effectively
engage patients and motivate them to take a more proactive approach to their
health. We are pleased to continue to grow our long-standing relationship with
this latest investment."
Get Real Health's origins are in custom software development and systems
integration services. Having completed the transition to a successful
software company, Get Real Health realized that pursuing the tremendous
opportunities it saw in the personal health IT and connected care market would
require greater resources. So in early 2013, the founding partners decided to
take the logical next step and seek outside funding—for the first time in
the company's history—to help grow the business.
"TELUS Ventures actively seeks innovative startups that assist healthcare
organizations to dramatically impact patient outcomes," said TELUS Ventures
vice-president, Mathew George. "We are very pleased to partner with Get Real
Health, a pioneer of patient engagement solutions, whose InstantPHR data
visualization and care management tools are transforming the way healthcare
organizations and practitioners interact with their customers."
About TELUS Ventures
TELUS Ventures, the strategic venture investment arm of TELUS, evaluates
companies, markets, management teams and technologies to ensure a fit to
TELUS' strategy and to maximize financial returns on investment. The Ventures'
team drives success for its portfolio of company investments by actively
facilitating relationships within TELUS and our network of partners.
About TELUS Health
TELUS Health is a leader in telehomecare, electronic medical and health
records, consumer health, benefits management and pharmacy management. TELUS
Health solutions give health authorities, providers, physicians, and patients
the power to turn information into better health outcomes. For more
information about TELUS Health, please visit telushealth.com.
About Get Real Health
Founded in 2001 and headquartered in Rockville, Maryland, USA, Get Real Health
is an award-winning global health information technology pioneer specializing
in patient engagement and connected care solutions. Get Real Health's flagship
product—InstantPHR™—is an electronic toolbox for creating and
customizing personal health applications. In addition to the InstantPHR™
platform, Get Real Health offers turn-key solutions and custom services for a
wide range of healthcare organizations. Get Real Health has a diverse global
customer base and strategic partnerships with industry
leaders including Microsoft, Caradigm, and TELUS Health Solutions. For more
information, visit: getrealhealth.com.
Media Contacts: Get Real Health: Kathleen Silverstein On The Marc Media (301)
TELUS: Donna Ramirez (416) 320-9309;email@example.com
SOURCE: TELUS Corporation
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CO: TELUS Corporation
-0- Aug/27/2013 13:00 GMT
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