Funding stake comes as momentum in personal health industry continues to
VANCOUVER, and ROCKVILLE, MD, Aug. 27, 2013 /CNW/ - TELUS Ventures is
making a significant investment in Get Real Health, a global patient
engagement software company based in Rockville, Maryland in the United
States. Get Real Health specializes in personal health record (PHR)
technology, powered by their award-winning software platform
InstantPHR. The funding stake spotlights the potential both
organizations see in the fast-moving personal health IT space - a
rapidly growing industry expected to grow to $250 billion by 2015,
according to the World Bank.
The TELUS Ventures funding will allow Get Real Health to achieve several
Accelerate the development of new features and functionality of Get Real
Health's software product, InstantPHR
Build its customer support capability and offer customers more tools to
help them be successful with its software
Expand its marketing and sales efforts
Form new strategic alliances to gain increased market access
Enhance the company's ability to provide more integrated comprehensive
solutions to potential clients in conjunction with partners.
"We at Get Real Health are very excited to deepen our excellent
relationship with TELUS through this investment," said Mark Heaney, Get
Real Health CEO and founding partner. Heaney said the two companies'
history of positive collaboration provided an important level of trust.
"Thanks to our longstanding relationship with TELUS Health, TELUS
Ventures had a front-row seat to our rapid growth and our proven track
record as a health IT innovator," said Heaney. "The personal health
market is hot—and getting hotter—which makes the timing of this
investment a prescient move for TELUS and a game-changing opportunity
for us at Get Real Health."
Since January 2011, TELUS Health has been the exclusive
InstantPHR partner for Canada. Get Real Health's InstantPHR software
is the technology platform that drives TELUS' PHR solutions giving
patients a way to manage their own health information. Get Real Health
and TELUS Health have also collaborated on numerous large-scale
solutions including the Mental Health Engagement Network (MHEN)
research pilot project, led by Lawson Health Research Institute, which
assesses the effectiveness of the app called the Lawson SMART record (Supportive Mental Assessment Rehabilitation and Treatment). The Lawson
SMART record is an innovative online tool that gives Canadians with
mental illnesses an intuitive and secure way to manage their personal
"TELUS Health is committed to changing the way Canadians look at
healthcare through the use of innovative health technology," says Paul
Lepage, President, TELUS Health. "We share a common vision with Get
Real Health to effectively engage patients and motivate them to take a
more proactive approach to their health. We are pleased to continue to
grow our long-standing relationship with this latest investment."
Get Real Health's origins are in custom software development and systems
integration services. Having completed the transition to a successful
software company, Get Real Health realized that pursuing the tremendous
opportunities it saw in the personal health IT and connected care
market would require greater resources. So in early 2013, the founding
partners decided to take the logical next step and seek outside
funding—for the first time in the company's history—to help grow the
"TELUS Ventures actively seeks innovative startups that assist
healthcare organizations to dramatically impact patient outcomes," said
TELUS Ventures vice-president, Mathew George. "We are very pleased to
partner with Get Real Health, a pioneer of patient engagement
solutions, whose InstantPHR data visualization and care management
tools are transforming the way healthcare organizations and
practitioners interact with their customers."
About TELUS Ventures
TELUS Ventures, the strategic venture investment arm of TELUS, evaluates
companies, markets, management teams and technologies to ensure a fit
to TELUS' strategy and to maximize financial returns on investment. The
Ventures' team drives success for its portfolio of company investments
by actively facilitating relationships within TELUS and our network of
About TELUS Health
TELUS Health is a leader in telehomecare, electronic medical and health
records, consumer health, benefits management and pharmacy management.
TELUS Health solutions give health authorities, providers, physicians,
and patients the power to turn information into better health outcomes.
For more information about TELUS Health, please visit telushealth.com.
About Get Real Health
Founded in 2001 and headquartered in Rockville, Maryland, USA, Get Real
Health is an award-winning global health information technology pioneer
specializing in patient engagement and connected care solutions. Get
Real Health's flagship product—InstantPHR™—is an electronic toolbox for
creating and customizing personal health applications. In addition to
the InstantPHR™ platform, Get Real Health offers turn-key solutions and
custom services for a wide range of healthcare organizations. Get Real
Health has a diverse global customer base and strategic partnerships
leaders including Microsoft, Caradigm, and TELUS Health Solutions. For
more information, visit: getrealhealth.com.
SOURCE: TELUS Corporation
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