Four health tech companies were awarded a $1 billion remote patient monitoring contract with the U.S. Department of Veterans Affairs.
Cognosante, DrKumo, Medtronic Care Management Services, and Valor Healthcare each got minimum $100,000 contracts for a period of at least two years and six option periods. They will provide remote monitoring and home telehealth for more than 72,000 VA patients with chronic and acute care needs.
"We have assembled an extraordinary team of RPM-HT technology industry leaders," Valor President and CEO Scott Wise, MD, said in a June 7 news release, "and we are committed to leveraging our collective expertise with this technology, this patient population, and this customer to help VA deliver unparalleled RPM-HT services to the most deserving patient population in the world."
The VA awarded the contracts in May after soliciting proposals in September 2021.