Best Buy's $400M remote patient monitoring company partners with Geisinger, Mount Sinai, NYU Langone Health

Best Buy's $400M remote patient monitoring company partners with Geisinger, Mount Sinai, NYU Langone Health unknown

Best Buy has partnered with five of the 10 largest U.S. health systems on remote patient monitoring, according to a March 2 earnings call.

Its subsidiary, Current Health, now works with Danville, Pa.-based Geisinger, New York City-based Mount Sinai Health System and New York City-based NYU Langone Health, said Mollie O'Brien, Best Buy's vice president of investor relations, in the call transcribed by The Motley Fool.

The company's platform combines remote patient monitoring, telehealth, patient engagement and a "full support model," Ms. O'Brien said. She said Current had its best commercial booking year yet in 2022.

Best Buy acquired Current Health for $400 million in 2021, part of its continued push into providing technology for remote patient monitoring.