Praesidium
- Company typePrivate
- Founded2016
- HeadquartersSaint George, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
Praesidium firmographics
Firmographics- Name
- Praesidium
- Legal name
- Praesidium, Inc.
- Website
- https://biofi.tech
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Praesidium industry classification
Industry- Product category
- Remote Patient Monitoring
- NAICS
- Electromedical and Electrotherapeutic Apparatus Manufacturing (334510)
- SIC
- Surgical & Medical Instruments & Apparatus (3841), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Multi-Condition RPM Platforms & Care Orchestration (device-agnostic, population management) (HLALAFAL)
- akta.pro secondary industries
- Remote Patient Monitoring (RPM) Platforms & Services (HLACAPAA), RPM Reimbursement, Billing & Program Operations Platforms (HLACAFAN), Chronic Disease RPM Platforms (Diabetes/HTN/COPD/CHF) (HLACAFAA)
Keywords
Where Praesidium is headquartered
LocationHeadquarters
- HQ city
- Saint George
- HQ country
- United States
- HQ region
- North America
Markets served
Praesidium business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Remote Patient Monitoring Services: Subscription-based RPM platform providing continuous patient monitoring, data transmission, compliance tracking, and billing facilitation services to healthcare practices and facilities. Revenue generated through service fees for covered patient monitoring activities under CPT reimbursement codes.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Praesidium product offering
Product offeringCore offering
Praesidium (operating as BioFi) provides a software-led and hardware-enabled Remote Patient Monitoring (RPM) platform that continuously tracks patient activity and presence via wireless devices and transmits physiological data to clinicians for review. The platform bundles patient outreach, onboarding, and ongoing monitoring support from BioFi's professional and medical staff, alongside integrated CPT code tracking tools for billing compliance and reimbursement under U.S. RPM coverage codes.
Product overview
Praesidium operates BioFi, a remote patient monitoring (RPM) platform designed for healthcare providers. The company's primary product is the BioFi RPM Platform, which provides continuous monitoring of patient activity and presence through wireless devices, transmitting physiological data to clinicians for review. The platform combines human and digital connections to improve patient engagement, and includes CPT code tracking tools for billing and compliance documentation. Target segments include independent and specialty practices, assisted living facilities, home health agencies, and pharmacies.
Differentiator
Problem solved
Functional benefit
Products and services
- BioFi RPM Platform A remote patient monitoring platform that continuously monitors patient activity and presence via wireless devices and securely transmits physiological data to clinicians for review. Integrates CPT code tracking tools, audit reports, health charting, and notes capture to support RPM documentation and reimbursement, and is supported by BioFi's professional and medical staff who handle patient outreach, onboarding, and ongoing monitoring.
Quantifiable outcome
- Additional revenue for practices through billable RPM services and CPT code tracking
Companies that use Praesidium
Customer profileSegments4 records
Ideal customer profiles4 records
Praesidium technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Praesidium partnerships and signals
Strategic signalRecent moves5 records
Expansion highlights4 records
Praesidium competitors and assessment
Company assessmentDirect peers
- Health Recovery Solutions: Direct RPM competitor providing tablet- and device-based remote patient monitoring with CPT documentation support to health systems, practices, and home health agencies — overlapping closely with BioFi's core offering and customer segments.
- 100Plus (AliveCor): RPM platform focused on independent practices with a strong emphasis on device provisioning, patient outreach, and CPT-billed RPM services — a near-direct comparison to BioFi's independent practice segment.
- CareSimple: Device-agnostic RPM platform with EHR integration and CPT-compliant documentation tools targeting providers and health systems; directly comparable on technology, customer, and reimbursement model.
- CoachCare: RPM and chronic care management platform serving practices and wellness providers with connected devices and billing support; comparable in segment focus and pay-for-billable-activity economics.
- Rimidi: RPM and chronic disease management platform with EHR-integrated workflows and CPT/CCM billing support, focused heavily on cardiometabolic care — overlapping with BioFi's chronic disease and practice segments.
- AMC Health: Long-standing RPM and telehealth provider serving health systems, payers, and home health with monitoring devices and clinical monitoring services — overlapping with BioFi's multi-vertical distribution model.
Broad incumbents
- Vivify Health (Optum): One of the largest US RPM platforms, now part of UnitedHealth/Optum. Competes with BioFi across providers and payers and represents a scale-tier incumbent that BioFi must differentiate against.
- Biofourmis: AI-driven RPM and virtual care platform with hospital- and home-based monitoring; competes on activity/presence-style physiological monitoring at a more enterprise- and analytics-oriented level.
Emerging players
- Prevail Health: Emerging RPM and remote therapeutic monitoring provider targeting specialty practices with CPT reimbursement workflows — comparable as a smaller, similarly positioned niche competitor.
- VitalConnect: Provider of wearable biosensor-based remote monitoring with cloud analytics; comparable on the hardware-enabled physiological monitoring layer that BioFi integrates with.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Praesidium social profiles
Digital presencePraesidium financial estimates
Financial estimateRevenue estimate
Valuation estimate
Praesidium leadership team
Management profileNumber of profiles
Profiles1 record
Praesidium funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Praesidium M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Praesidium
What does Praesidium do?
Praesidium (operating as BioFi) provides a software-led and hardware-enabled Remote Patient Monitoring (RPM) platform that continuously tracks patient activity and presence via wireless devices and transmits physiological data to clinicians for review. The platform bundles patient outreach, onboarding, and ongoing monitoring support from BioFi's professional and medical staff, alongside integrated CPT code tracking tools for billing compliance and reimbursement under U.S. RPM coverage codes.
Is Praesidium a public or private company?
Praesidium is a private company. It is classified as venture growth investor backed and is currently operating.
When was Praesidium founded?
Praesidium was founded in 2016. It employs 1 to 10 people.
Where is Praesidium based?
Praesidium is headquartered in Saint George, United States, in the North America region.
How does Praesidium make money?
One revenue line is on record: remote Patient Monitoring Services.
Who are Praesidium's main competitors?
Direct peers on record are Health Recovery Solutions, 100Plus (AliveCor), CareSimple, CoachCare, Rimidi and AMC Health. Broad incumbents are Vivify Health (Optum) and Biofourmis. Emerging players are Prevail Health and VitalConnect.
Does Praesidium have an API?
No public API is recorded for Praesidium.
What industry is Praesidium in?
Praesidium's product category is Remote Patient Monitoring. Its primary akta.pro industry code is HLALAFAL, Multi-Condition RPM Platforms & Care Orchestration (device-agnostic, population management), with a secondary code of HLACAPAA, Remote Patient Monitoring (RPM) Platforms & Services. Its NAICS code is 334510 and its SIC code is 3841.