Frog portfolio company Caspar Health has recently announced that they are now permanently recognised by the German public pension office (Deutsche Rentenversicherung, or DRV), as of 1st January 2022. Caspar Health is a digital therapy platform that provides hospitals with easy access to medical-therapeutic care for patients, so that therapy successes can be ensured more sustainably. After an evaluation phase of several years with 35 rehabilitation clinics, the DRV has confirmed that Caspar Health’s rehabilitation app is just as effective as in-person consultations.
The decision to include tele-rehabilitation in standard care now enables the majority of patients across Germany to take advantage of digital therapy. A study by the Institute for Rehabilitation Medicine Research in Ulm has shown that tele-rehabilitation aftercare successfully supports a patient’s therapy after completing inpatient or outpatient rehabilitation, and was also favoured over in-person care by users of the app.
Medical facilities that previously struggled to provide continuous follow-up care – especially during the Covid-19 pandemic – are now able to offer targeted and effective care digitally. Caspar Health found that clinics increased their follow-up rate from under ten percent to 90 percent within a few months of using their app. In addition, both patient loyalty and quality of therapy increased.
Founder and CEO of Caspar Health, Max Michels, says the permanent recognition by the DRV is “validation of our innovative work on digital rehabilitation solutions, which is further confirmed by the continuous success of patients’ rehabilitation. We have already won around 200 clinics as partners that offer this combined form of care with the help of Caspar Health, and we see this recognition as having enormous potential to support all rehabilitation clinics across Germany.”
Looking forward, Caspar Health’s goals for 2022 include expanding tele-rehabilitation aftercare to more clinics around Germany; more targeted support options for patients experiencing ‘long Covid’; expand the Caspar Clinic and its range of services; and successfully scale their organisational structure so that they can continue to provide quality service for their partners and patients.
About the author
Jens joined Frog in 2012 and became a Partner in 2016. Active across all Frog’s investment themes, he has a particular focus on investment opportunities in German-speaking Europe and BeNeLux.