Synzi recently announced a new investment from Kinderhook Industries forming a new separate entity from language services company, Stratus Video.
From the official announcement shared with MMW:
Synzi’s cutting-edge platform brings together several methods of communications which enhance the telehealth marketplace. The platform improves patient interactions by leveraging mobile devices to strengthen engagement, optimize health outcomes and reduce costs. For health systems, the platform offers on-demand video capabilities that enable virtual consults for urgent care and mental health, as well as virtual visits which optimize care post-discharge. For health plans, the platform streamlines care management programming and increases engagement amongst members at risk for readmission. Uniquely, Synzi can also service limited English proficiency (LEP) and the Deaf/Hard-of-Hearing patient population with direct access to a video interpreter.
“We are very excited for the additional investment to form Synzi as we see this as a unique market opportunity,” said Chris Michalik, Managing Director at Kinderhook Industries, Synzi’s investment firm. “As we saw the incredible growth in Stratus Video, we are confident that Synzi will follow the same growth trajectory as it serves a vital role in improving patient care.”
“The telehealth division of Stratus Video first launched at the 2017 J.P. Morgan Chase Healthcare Conference, so it’s incredibly rewarding, a year later, to be able to showcase our growth and to demonstrate Synzi’s value as a standalone company,” said Lee Horner, CEO of Synzi. “We are excited for the new market opportunities ahead and look forward to working with the right partners to help bring forth an innovative approach to delivering timely care.”