In a move to further cement its growing mobile diagnostics services, DispatchHealth announced Tuesday that it has acquired Dynamic Mobile Imaging. The financial terms of the transaction were not disclosed.
“Our industry-transforming vision at DispatchHealth is to create the world’s largest in-home care system and ensure convenient, safe and lower-cost medical care,” COO Shannon Werb told Home Health Care News in an email.
Originally launched as an in-home care urgent care startup, DispatchHealth sees mobile diagnostics as an important part of its ever-expanding care delivery model. A big chunk of that model has focused on hospital-level care in the home over the past two years, with DispatchHealth landing significant partnerships with Humana Inc. (NYSE: HUM), Eastern Connecticut Health Network and several others.
The Denver, Colorado-based DispatchHealth also announced a partnership with UCI Health to provide same-day in-home medical care throughout Orange County, California, in November.
“Around 20% of our visits – which span from acute to advanced levels of medical care – require mobile imaging,” Werb said. “And by providing these services as part of DispatchHealth’s marketplace, we believe we can provide an overall better experience and outcome for our patients and partners.”
Dynamic Mobile Imaging is a provider of portable digital x-rays, ultrasounds, EKGs, holter monitors, echocardiograms and dopplers. Currently, the company operates across a number of states in the Eastern U.S.
Dynamic Mobile Imaging is only DispatchHealth’s second acquisition ever. Its first purchase was Professional Portable X-Ray (PPX), another mobile imaging provider, in April.
“We are continuously assessing additions to the platform that are beneficial for our patients, our providers and our partners,” Dr. Mark Prather, co-founder and CEO of DispatchHealth, told HHCN at the time.
The Dynamic Mobile Imaging acquisition now builds on DispatchHealth’s earlier purchase of PPX. Additionally, it positions DispatchHealth as one of the largest mobile imaging providers in the country.
In fact, DispatchHealth has actually expanded its mobile imaging services with PPX to 10 new markets since the acquisition.
“PPX and Dynamic Mobile Imaging complement each other in many aspects, including x-ray technology innovation, workflow platform innovation and a growth mindset,” Werb continued.
It’s this level of alignment that made Dynamic Mobile Imaging such an attractive acquisition target for DispatchHealth, which has raised more than $403 million since launching.
“We identified many synergies between DispatchHealth and Dynamic Mobile Imaging,” he said. “Most importantly, Dynamic Mobile Imaging is patient-centric, which aligns with DispatchHealth’s patient-first mentality. And the organization is a trailblazer in providing their services outside of traditional facility-based health care settings.”
For now, Dynamic Mobile Imaging will continue to operate under its current name. Debbie Berger will continue to lead the day-to-day operations as Dynamic Mobile Imaging’s CEO.
As the year comes to a close, DispatchHealth is also looking ahead to 2022 and keeping a close eye on potential trends, challenges and opportunities. With this in mind, value-based care will continue to be another significant focus, according to Werb.
“A topic of discussion for many years has been the need to shift our health care ecosystem to become value-based and more equitable for all Americans in need of care,” he said. “Equity and value are the cornerstones of DispatchHealth. Over the last two years, many have faced the realities of limited access to health care and stifling costs — especially for the underinsured. With increased options to address health care in new and emerging platforms, value for every health dollar is something patients are becoming aware of and starting to demand.”
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