What You Should Know:
– Babylon (NYSE: BBLN) acquires patient engagement platform DayToDay Health (“DayToDay”) to provide Babylon members with DayToDay’s digital-first, highly engaging programs and clinical services prior to and following scheduled surgeries, major health events like childbirth, and following diagnosis of chronic conditions.
– Financial details of the acquisition were not disclosed.
Enhancing Lives by Guiding Patients with Individualized Care
Although almost all care and recovery journeys extend beyond hospital and clinic walls, there is little support available for most people during their crucial recovery period. DayToDay was founded in 2018 by Prem Sharma, a serial entrepreneur, and Dr. Khalid Aljabri, a cardiologist at Tufts Medical Center, during their time at MIT through the Delta-V accelerator program. DayToDay solves this need by providing patients targeted education, communication and clinical support from a personal care team before or after clinical visits, hospitalizations, or surgeries.
Having served thousands of acute care patients who had significant medical issues, DayToDay’s health management has shown significant benefits. For example, the company has been able to keep rehospitalization rates below 4%, while the industry average is close to 15%, and cut down the expected wound infection rates by 93%. Babylon will integrate DayToDay’s scalable capabilities into its existing digital-first healthcare offering to support members as they prepare for and recover from medical interactions, no matter where they may be located.
Post-Acquisition Plans
As part of the acquisition, DayToDay’s team will join the Babylon team to lend their technical expertise, and to help merge DayToDay’s guiding mission to create the ultimate patient care experience for anybody, anywhere in the world, with Babylon’s mission to provide accessible and affordable healthcare care to every person on Earth.
Babylon’s team of clinicians, doctors, and nurses will oversee the implementation of DayToDay’s pre-and post-operative care management, ensuring end-to-end care coordination and the right treatment at the right time. This will allow clinicians to care and support patients within hospital settings more efficiently and send them home knowing they’ll receive guidance through the imperative recovery process, a time when people often need care assistance most.
“We’re excited to welcome the DayToDay team into Babylon, as both companies work toward the same goal of leveraging technology to enhance the patient experience,” said Ali Parsa, Founder & CEO of Babylon. “As we continue to evolve our value-based care services and empower our members to take control of their health, the addition of pre- and post-surgical care will help our members at a significant period of needs, improving overall accessibility, quality and affordability outcomes.”
