PhyxUp Health Inc., an early stage South Korean digital healthcare startup, will soon close a pre-seed funding round, said its founder and chief, who is also eyeing an over-tenfold jump in patient management program clients in the US in its first year.“Three investors have agreed to invest a total of 400 million won ($290,000) in pre-seed funding, which was supposed to close in mid-June,” said Lim Sangwon, founder and chief executive officer of PhyxUp Health, in an interview with The Korea Economic Daily on Monday.
To improve patient outcomes, I decided to develop PhyxUp software.”MORE THAN RTM PhyxUp, which will hit the US market in August, is a comprehensive patient management program, which offers physical therapists not only easy tracking and monitoring tools for patient outcomes but also simplified billing and reimbursement services.
It is actively promoted in the US to better accommodate the rising demand for telerehabilitation.“When I worked as a physical therapist in the US for about nine years, I found out many patients failed to follow home exercise treatments prescribed on paper,” said Lim.“Without (doing) home exercises, patient progress stagnates or their pain can even worsen, which is a heavy blow to therapists.
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