ATI Physical Therapy (NYSE:ATIP) today announced a strategic partnership with Genie Health (formerly known as PT Genie), a leader in the digital MSK healthcare space. At full maturity, the goal of the innovative partnership is to create a hybrid-care model linking nationwide virtual physical therapy with hands-on care in more than 900 clinics in 24 states.
The partnership is expected to expand ATI's digital care capabilities that have delivered 150,000 telehealth visits for more than 12,500 patients since 2020. The combined platform will add computer vision-driven remote monitoring through Genie Health's innovative MSK healthcare platform, which is rooted in AI (Artificial Intelligence).
The first phase of the relationship will enable ATI to deploy a hybrid model of healthcare, delivering remote monitoring services alongside its nationwide telehealth and in-office therapy network of practices. ATI specializes in physical therapy, workers' compensation rehabilitation, employer worksite solutions, sports medicine, and a variety of specialty therapies.
By leveraging the use of Genie's technology, this partnership is expected to enable ATI to offer advanced machine learning and artificial intelligence (ML/AI) tools to present data patterns in various formats in the long-term. These capabilities are intended to optimize patient care delivery from an operational, clinical, and a financial lens. The aim is to gain insights that will shed light on recovery curve trends and normative patterns that could help build predictive models to augment clinical decision-making. Altogether, the intent is to help providers safely guide their patients to an optimal path of recovery.
ATIP shares descended 15 cents, or 2.3%, to $6.52.
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