Company secures second FDA clearance for its remote patient monitoring platform, adding three new metrics
BROOMFIELD, Colo., March 22, 2023 – Alio, Inc., a medical technology company reinventing the management of chronic disease, announced its latest FDA clearance. The company’s second clearance added three additional metrics to its groundbreaking remote patient monitoring platform – hematocrit, hemoglobin and potassium.
The platform consists of a SmartPatch™, hub, and portal which non-invasively capture clinical-grade metrics for care teams. Alio makes it possible for patients and their care teams to monitor their condition on an ongoing basis by issuing actionable notifications. With this clearance, the SmartPatch is cleared for use in monitoring key metrics including skin temperature, auscultation, heart rate, hematocrit, hemoglobin, and potassium.
While the technology can be deployed to monitor a number of chronic conditions, the company’s first area of focus is patients with End-Stage Kidney Disease (ESKD). Until now, there has been little to no advancement in care management or innovative solutions for patients on dialysis and their care teams. Patients with ESKD are at particularly heightened risk for hospitalizations due to complications like fluid overload, dyskalemia, and more. Unfortunately, the current standard of care only monitors key metrics through a monthly blood draw whereas the Alio SmartPatch painlessly takes readings every few hours.
“This is such a pivotal moment for our organization, one which is the culmination of years of hard work, the trust of our amazing clinical partners, and the backing of our forward-thinking investors,” said David Kuraguntla, CEO and co-founder of Alio. “When we began this journey we knew better care was possible but it would require purpose-built technology designed with altruistic intentions and the patient in mind. At Alio, we believe in a world where no patient with a chronic condition will have to wonder whether their health is being properly managed and no family member will have to say goodbye to a loved one too soon simply because they didn’t have insight into their own condition.”
Receiving this latest clearance means Alio’s technology is officially available for commercial deployment and will allow hospitals and health systems to bridge the gap in care by better connecting clinicians to their patients without requiring more frequent visits to any clinical site. This will ultimately drive down healthcare costs and help prevent adverse health events, particularly because 65% of dialysis related hospitalizations are preventable. And, considering the average ESKD patient in the U.S. is hospitalized twice per year for an average of 11 days, creating a national spend of over $12B, the potential is enormous.
“There are millions of people around the world with chronic kidney disease and, here in the U.S. alone, ESKD patients make up 1% of the Medicare population yet they account for 7% of Medicare spend,” said Eric Hargan, former deputy secretary of the Department of Health and Human Services. “We started KidneyX, a public-private initiative, for exactly this reason – so innovative organizations like Alio would be able to put powerful technology into the hands of patient populations who will benefit significantly. I’m thrilled to see Alio receive this latest clearance and I know this is just the beginning of the kind of impact they’ll be able to have on a global scale.”
Alio received its first FDA clearance in April of 2022 and announced the initial close of its Series C funding round in December of 2022.
About Alio
Alio, Inc. is a medical technology company bringing peace of mind to people with chronic conditions through non-invasive, wireless remote patient monitoring. Currently, Alio uses its SmartPatch™ technology to monitor individuals with end stage kidney disease (ESKD) undergoing dialysis. Alio’s platform uses artificial intelligence (AI) to analyze data and create actionable insights. These insights enable targeted interventions with the potential for improved health outcomes and reduced hospitalizations. Alio has built a team of seasoned leaders with diverse backgrounds spanning across industries and segments such as medical devices, wearable technology, government relations, commercialization, and reimbursement. Visit our website for more information: https://alioai.wpengine.com.
