BOSTON--(BUSINESS WIRE)--Cohealo, a platform for hospitals and health systems to track and share medical equipment, announced today that Todd Rothenhaus, M.D. will join the executive team as chief executive officer. Brett Reed, co-founder and current chief executive officer, will assume the role of president to focus on strategic partnerships and growth. Rothenhaus brings 30 years of healthcare industry experience both as a physician and chief information officer of Steward Health Care (formerly Caritas Christi), the largest community-based health system in New England.
“In addition to his enterprise healthcare experience, Todd brings the perspective of a physician and has intimate knowledge of the challenges and opportunities in deploying new technology in a health system,” said Brett Reed. “We are thrilled to have him join our team. He is uniquely positioned to help provider networks extract the maximum value from Cohealo’s solutions.”
Prior to joining Cohealo, Rothenhaus served as senior vice president and chief medical officer of athenahealth, where he led the network knowledge division and population health management service. Rothenhaus also served as general manager of athenaClinicals, an electronic health record service, a $300M+ business unit with over 100 million patient records.
“Cohealo is expanding rapidly and Todd’s experience growing athenahealth as the chief medical officer will benefit Cohealo tremendously as it deploys with some of the largest health systems in the country in 2019,” said Krishna K. Gupta, founder of Romulus Capital and Cohealo’s lead investor.
“Hospitals and health systems have spent enormous sums of money over the past ten years on technology – much of it with dubious return on investment. At the same time, budgets have tightened and the need to grow volume has increased,” said Rothenhaus. “Cohealo’s proven return on investment and ability to get teams sharing equipment will free up precious capital and help health systems thrive.”
Based in Boston, Cohealo finds savings for health systems by increasing the utilization of their medical equipment through proactive data analytics and equipment sharing. With deeper insights into equipment usage, hospitals can pinpoint redundant equipment, opportunities for rental avoidance, and ways to share equipment between facilities. As the program scales within a health system, the network effect drives increasing levels of savings by reducing redundant purchases and decreasing rental expense. Cohealo has been named to Fast Company’s Most Innovative Companies List and CNBC’s Disruptor 50 and is recognized as the first solution of its type to bring the sharing economy to healthcare.