CareSignal’s Deviceless Remote Patient Monitoring Results in Savings of $59M for ACOs

November 14, 2022 / Nueterra Capital Marketing

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Nueterra Capital portfolio company Lightbeam Health Solutions has announced that Accountable Care Organizations (ACOs) using its CareSignal Deviceless Remote Patient Monitoring platform saw savings of $59 million for the Medicare Shared Savings Program (MSSP) in 2021. ACOs using CareSignal also saw better Consumer Assessment of Healthcare Providers and Systems (CAHPS) scores: 14% higher average on Stewardship of Patient Resources, 3.75% higher average for Shared Decision Making, and 1.5% higher for Health Promotion and Education, according to Lightbeam’s press release. “CareSignal is honored to play a role in facilitating better relationships between providers and their patients, and we are excited to see the continued achievements of ACOs and REACH ACOs,” said CareSignal’s President and COO Joe McDonald. CareSignal was acquired by Lightbeam Health Solutions in November 2021.