RestorixHealth Company Profile

Background

RestorixHealth, established in 1997, is dedicated to restoring health and improving the quality of life for patients with chronic, non-healing wounds. The company operates comprehensive wound care centers, offering advanced treatment therapies, including hyperbaric oxygen therapy, in partnership with hospitals and healthcare facilities across the United States.

Key Strategic Focus

RestorixHealth's strategic focus encompasses:

Comprehensive Wound Care Centers: Developing and managing outpatient programs that utilize advanced techniques to treat complex wounds.

In-Home Wound Care Services: Providing specialized wound care in patients' homes, particularly beneficial for managed care plans aiming to reduce healthcare expenses.

Education and Training: Offering extensive training and ongoing education to clinicians and caregivers to ensure high standards of wound care.

Financials and Funding

RestorixHealth has undergone several financing rounds, including a buyout/leveraged buyout, and has made strategic investments to expand its services.

Technological Platform and Innovation

RestorixHealth distinguishes itself through:

WoundDocs® EMR: An advanced, wound-specific electronic medical record system that interfaces with existing EMRs, providing physicians with essential information for informed decision-making.

Comprehensive Revenue Cycle Management: From insurance pre-certification to claim adjudication, ensuring efficient financial operations.

Centralized Prior Authorizations: A dedicated nurse-led team managing the prior authorization process to ensure proper documentation and timely approvals.

Leadership Team

David Walz: President

Amy Cohen: Chief Financial Officer

Therese Hernandez: Chief Operating Officer

Christina Peterson: Chief Compliance Officer

Boris Fischer, Ph.D.: Chief Information Officer

Competitor Profile

Market Insights and Dynamics

The wound care market is experiencing growth due to an aging population and an increase in conditions like diabetes and obesity, leading to a higher prevalence of chronic wounds.

Competitor Analysis

Healogics: Founded in 1996, Healogics operates in the health care services sector with a significant workforce and substantial funding.

Wound Care Advantage (WCA): Established in 2002, WCA focuses on health care services, operating with a smaller team compared to RestorixHealth.

Woundtech: Founded in 1999, Woundtech competes in the health care services space, generating less revenue than RestorixHealth.

Strategic Collaborations and Partnerships

RestorixHealth has engaged in strategic mergers to enhance its market position:

Merger with Candescent Healing: In 2014, RestorixHealth merged with Candescent Healing, expanding its network of wound care service providers.

Operational Insights

RestorixHealth's operational strategy includes:

Flexible Partnership Models: Offering varied and flexible partnership terms, including performance-based pricing options, to empower organizations to add or expand wound care services.

Value-Added Services: Providing extensive support for onsite staff and providers, including community outreach, training, and education.

Strategic Opportunities and Future Directions

RestorixHealth aims to:

Expand In-Home Services: Increase access to care by providing advanced wound care in patients' homes, reducing hospital admissions and improving patient outcomes.

Enhance Technological Integration: Further develop and integrate technological platforms like WoundDocs® to streamline operations and improve patient care.