GenieMD | Top 50 Healthcare Solution Company - 2018
GenieMD: A New Dimension to Virtual Care
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CIOREVIEW >> Healthcare >> GenieMD

GenieMD has been recognized by CIOReview Magazine as the recipient of “Top 50 Healthcare Solution Companies - 2018,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with Soheil Saadat, Founder & CEO.

GenieMD
A New Dimension to Virtual Care

GenieMD

Soheil Saadat, Founder & CEO
The thought of telemedicine immediately gives an impression of live interactive connection through audio or video between the doctor and the patient. However, telemedicine through traditional video comes with a fair share of challenges and limitations. Dr. Soheil Saadat, founder and CEO of GenieMD points out, “Patients are not particularly in a presentable condition and do not wish to be on a live screen. Providers, on the other hand, spend equal to office-visit time on the call and yet get much lower reimbursements.” In such a scenario, what would be the best solution that resolves the problems of both the patients as well as providers? GenieMD has an answer to this. The California-based company enhances virtual care delivery by transforming the interaction between physicians and patients through an AI based, evidence based medical platform to report over 50 common symptoms by answering a short questionnaire relating to their chief complaint. “Using our platform, providers become super-efficient, addressing virtual visits in less than two minutes compared to 20 minutes on a typical video call,” adds Saadat.

Leveraging over two decades of expertise in using technology to solve real-world problems, Saadat founded GenieMD with the idea of equipping patients with the right technology that assists them in becoming active participants in their own health for a healthier life. “Over the course of time, we realized that connecting the patients to providers is of utmost value in today’s world,” he says. The company’s telemedicine platform aggregates patient’s information such as medication, conditions, allergies, and other unstructured records such as lab results and X-rays from Electronic Medical Record Systems. When not feeling well, using GenieMD iVisit, patients can report their symptoms from the convenience of home and office without actually seeing the doctor. During the computer guided interview, patient’s health history stored in GenieMD is used to personalize the questionnaire to collect the most relevant information. Once the interview is completed, GenieMD’s platform generates a report and sends it to the provider, who can then review the case and perform diagnosis and devise treatment. “Our system works like Uber; when a case comes in from a patient, it is automatically sent to a pool of participating physicians.

Using our platform, providers become super-efficient, addressing virtual visits in less than two minutes compared to 20 minutes on a typical video call


Any physician can take up the case and handle it; this also provides the advantage of balancing workload in the practice.” In cases where video offers value to the encounter, GenieMD iVisit makes the video encounter much more efficient as the physician already has all the answers patient had provided during the reporting of the symptoms. Additionally, when video visits are scheduled on predefined availabilities of the provider, delays in patients joining the calls can accumulate and make later scheduled calls unmanageable. GenieMD addresses this problem by offering a unique call-back feature where the provider after reviewing the case can optionally call the patient during their downtime, after hours or when they have an office visit cancellation.

One use case is that of a clinic in Midwest serving 900+ lives where participating physicians take less than two minutes to go through reviewing the case using GenieMD’s platform. The actual turnaround time ranges from 10 minutes to a couple of hours depending on the availability of the physician. “The platform can be used from anywhere using all mobile platforms as well as desktop bowsers making it very convenient for patients as well as physicians to use it from anywhere even on weekends and extended hours,” explains Saadat.

The company is also planning to continue to expand the use of AI technologies, machine learning and natural language processing into its platform to improve patient interaction experience. “We are working with the likes of Amazon Alexa that will interact with patients to report their symptoms and seek treatment by removing the dependence on smartphones and tablets,” says Saadat.

GenieMD

News

GenieMD Awarded Frost & Sullivan's 2024 Company of the Year Award for Pioneering Virtual Chronic Disease Management Solutions Through Its Unified Virtual Care Platform

Thursday, April 11, 2024

GenieMD offers a comprehensive virtual care platform, integrating telehealth, remote patient monitoring, chronic care management, and AI-driven insights to impact the treatment and management of chronic diseases.



San Antonio, TX, San Francisco, CA— Frost & Sullivan recently researched the North American virtual chronic disease management industry and, based on its findings, recognizes
GenieMD/a> with the 2024 Company of the Year Award. GenieMD is an American global provider of virtual care solutions that leverages cutting-edge technologies such as cloud computing, big data, artificial intelligence (AI), and mobile technologies to democratize healthcare with highly differentiated and affordable solutions,



GenieMD's platform stands out for its ability to empower healthcare providers and extend care beyond traditional settings into patients' homes. The company delivers personalized treatment plans and early intervention through its robust suite of services, including telehealth, remote patient monitoring, chronic care management, remote therapeutic monitoring, and behavioral health. This innovative approach significantly improves patient outcomes and aligns with the growing trend toward home-based care, reflecting ashift in patient preferences and healthcare delivery models.



At the heart of GenieMD's success is its user-friendly and technologically advanced platform, which leverages cloud computing, AI, and mobile technologies to ensure accessible, cost-effective, and high-quality patient-centric care. The platform includes a dashboard for real-time access to clinical data, AI-driven tools like Ask Genie for personalized patient engagement, and integration with US Food and Drug Administration (FDA)-approved medical devices for seamless remote monitoring. Additionally, GenieMD's commitment to integrating evidence-based clinical content, such as resources from the American Heart Association, further enhances patient engagement while supporting healthcare providers in delivering efficient and effective virtual care.



“GenieMD enables healthcare providers to extend care into the patient’s home and provide personalized treatment as well as early intervention through remote monitoring and virtual care, which can significantly improve patient outcomes. The company’s enterprise-based,scalable, and modular platform includes telehealth, remote patient monitoring, chronic care management, remote therapeutic monitoring, and behavioral health, ”said Utkarsha Soundankar, Senior Research Analyst at Frost & Sullivan.



Beyond its technological innovations, GenieMD's platform provides superior customer service and a premium ownership experienceto its vast customer base, which includes health plans, hospitals, and individual patients. Furthermore, its modular and scalable platform enables providers to offer a broad range of services using a single, integrated system. It allows the customization of care plans to fit individual patient needs, fostering better health outcomes and higher levels of patient engagement.



As a result, GenieMD’s high-quality and affordable care sets the company apart in the North American virtual chronic disease management industry and is setting new standards for home care delivery models. “Highly focused on ensuring exceptional end-to-end customer service and technologically advanced solutions, the company supports delivery of high-quality affordable care and is committed to providing best-in-class solutions that assist care providers in extending efficient, cost-effective home care delivery models,” noted Soundankar.



Dr. Soheil Saadat, founder and CEO of GenieMD reflected on the recognition stating, “Being recognized by Frost & Sullivanas the Company of the Year in the virtual Chronic Care Management Industry is humbling and a profound honor for GenieMD. It reflects our dedication to democratizing healthcare, leveraging technology to empower patients and providers, and ultimately enhancing patient outcomes utilizing chronic care management.”



Each year, Frost & Sullivan presents a Company ofthe Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.



Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

Top 50 Healthcare Solution Companies - 2018

Company
GenieMD

Headquarters
San Ramon, CA

Management
Soheil Saadat, Founder & CEO

Description
Enhances interaction between physicians and patients through its AI based telemedicine platform

Top 50 Healthcare Solution Companies - 2018

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