New Mexico telehealth company Electronic Caregiver's growth streak continues with the announcement that hundreds of new jobs are in the pipeline.
The company, founded in 2009, is set to add 770 jobs at its headquarters, according to a news release issued Wednesday from the New Mexico Economic Development Department. The state has set aside $1 million in Local Economic Development Act money, meant to support expanding or relocating businesses looking at land, buildings or other infrastructure. That's in addition to a pledge from the city of Las Cruces for $235,000, according to the release.
Electronic Caregiver monitors patients remotely and offers virtual visits and health coaching. The "brain" of the company's system, according to the state's announcement, is a cloud-based platform that analyzes and distributes data to clinicians.
Attempts by Business First to learn more about the expansion plans were unsuccessful on Wednesday morning.
CEO Anthony Dohrmann and president Joseph Baffoe lead the company.
"The resources provided by the Economic Development Department via LEDA will help drive the continued expansion of our employee base and operating facilities," Dohrmann said in a statement provided by the New Mexico Economic Development Department.
The city of Las Cruces already made a similar announcement, saying that Electronic Caregiver had been awarded $235,000 in Job Training Incentive Program funding, according to a city news release that appeared in The Las Cruces Bulletin. The salary range for the new jobs is $40,560 to $97,760.
More than 15,000 patients use Electronic Caregiver's services and products each month, the vast majority of which are located outside New Mexico, according to the economic development department. Electronic Caregiver anticipates an $843 million economic impact over the next decade.
An analysis of a Job Training Incentive Program request from September shows Electronic Caregiver had 140 New Mexico employees and "has raised over $85 million from private investors and family offices."
“State assistance means that Electronic Caregiver can remain in New Mexico, keeping skilled professionals living and pursuing careers in our state," said Alicia J. Keyes, cabinet secretary for the state economic development department, in a prepared statement.
