The app helps patients navigate future hospital visits and helps hospitals better market their services. The agreement also gives Axial Exchange access to content from MayoClinic.com which includes detailed info on nearly 1,000 conditions and diseases.
The acquisition was financed by additional investment from existing Axial investor Canaan Partners, as well as the Mayo Clinic. In addition, four Mayo Clinic physicians will join Axial’s Advisory Board and lend their clinical expertise to the ongoing development of Axial’s solutions. These include Dr. Paul Y. Takahashi, MD; Nathan Jacobson, DO: and two others to be named.
“Patients and their families want and expect the most up-to-date information about life, health, disease and treatment,” said Dr. Paul Takahashi, associate professor of medicine at Mayo Clinic, an expert in the field of geriatric and internal medicine. “Mayo Clinic’s health information content will now reach even more people, providing accurate answers to both common and uncommon health issues.”
“This is a case where one plus one definitely equals three,” said Stephen Bloch, MD, general partner at Canaan Partners.
“Axial is quickly growing into a best-in-class solution for improving the discharge process in hospitals. Integrating a patient’s personalized care plans into a hospital’s mobile portal was the logical next step to allow hospitals to offer end-to-end patient care. Having Mayo Clinic on the Axial Advisory Board will augment our philosophy of offering the gold standard in patient engagement.”
“Axial Exchange is honored to have Mayo Clinic participation on our advisory board, one of the world’s leading healthcare institutions,” said Joanne Rohde, CEO of Axial Exchange.
“We are committed to engaging patients in their own care, and making sure that their circle of support h333333300000ccess to timely and personalized information to help get better, faster. With 20% of patients discharged from our hospitals being readmitted within 30 days, our nation has lots of room for improvement. We owe it to patients and the professional healthcare community to start harnessing technology that can help them.”
Mayo Clinic and Drs. Takahashi and Jacobson have a financial interest in the company. Revenue Mayo receives is used to further its activities in medical education and research. This illustrates Mayo’s activities in serving patients, the public and the medical community through new technology.
Axial’s existing suite of applications includes Axial Provider and Axial Patient, which enable continuity of care across disparate settings. These applications won Axial Exchange the ONC-sponsored “Ensuring Safe Transitions from Hospital to Home” challenge earlier this year.