Joseph Terranova's Colleagues at Cohealo
Joseph Terranova's Contact Details
855-692-6432
Boston, Massachusetts, United States
Cohealo
Joseph Terranova's Company Details
Cohealo is a technology company that helps health systems share medical equipment across facilities, so they can optimize spend, accelerate cash flow, and improve access to care.We were founded on the belief that collaboration among hospitals, using technology, could dramatically improve financial and clinical results.We zeroed in on the massive inefficiencies around medical equipment. A health system typically spends tens of millions on equipment purchases and rentals annually. However, average utilization of 42% means most capacity remains idle. One hospital's new spinal surgical table may gather dust, while a nearby facility cancels procedures due to equipment issues – or sends patients away altogether.Our solution combines a technology platform, analytics, and supporting logistics to make medical equipment available – anywhere and anytime – on-demand. Some call our approach the sharing economy or collaborative consumption. For us, it's a step forward on our mission to make the best medical technology available to every patient on the planet.