Monovo

About Monovo

Monovo operates as a healthcare technology firm with a declared mission to improve health equity, primarily targeting rural and underserved communities. The company was established in 2015 by Robert Johnstun, DNP, and Jonathan Muñoz. The inspiration for Monovo stemmed from a 2014 conversation between Johnstun, an ICU nurse concerned with data-driven detection of adverse health events, and Muñoz, who was a product design student at the time. The company's name is a portmanteau of Mona, Utah, where Johnstun grew up, and Provo, Utah, the hometown of Muñoz's wife, Ashley, who is a core member of Monovo's nursing team. The founders' personal backgrounds, including clinical experience and navigating low health literacy environments, inform the patient-centric design of their system.

The firm provides what it terms a "virtual health system," an integrated ecosystem designed to expand the care capacity of clinics and healthcare providers. This system combines software, vital sign monitoring devices, data analytics, and a virtual clinical support team. Monovo's business model is structured to function as a service partner for healthcare providers. It manages the operational, technical, and administrative burdens of implementing virtual care, allowing clinicians to focus on patient treatment. The company handles services including HR, IT, legal, finance, and operations for the virtual care programs it implements for its clients. This enables clinics to scale their services without the significant overhead of building out their own virtual care infrastructure.

The core of Monovo's offering is a remote patient monitoring (RPM) platform. This platform utilizes wearables and other monitoring devices to collect physiological data from patients at home. The collected data, which includes biometric points and patient-reported symptoms, is analyzed to provide predictive insights and enable early detection of potential health issues. The service is particularly geared towards chronic care management and post-acute care. The platform also includes a mobile application for patients to connect with their devices, receive reminders, and communicate with the care team. To date, the company has raised approximately $1.9 million through funding rounds, including a seed round in February 2021.