Startup Claims $2M Weekly Medicare Savings
Cadence, a healthcare AI startup, is using remote monitoring technology to improve the management of chronic diseases among seniors, leading to significant cost savings for Medicare—about $2.7 million weekly. The company's AI system tracks vital signs and recommends adjustments in treatment, resulting in reduced hospital admissions and better health outcomes. With over 100,000 patients and plans to expand to one million, Cadence has raised $100 million in new funding, raising its valuation to $1.2 billion.
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