HealthTech Capital (@HealthTechCap) has announced it is leading a Series A funding, with an initial close of $1.6 million, in care transition startup CareInSync, through a combination of equity and loan investments.
CareInSync is developing a mobile application called Carebook which is a real-time collaborative software that improves collaboration, coordination, and communication during transitions in patient care.
Physicians, specialists, nurses, case managers, and members of the care team use Carebook to collaborate on care transition plans for their patients.
Carebook’s features include:
- Virtual discharge rounds with real-time notifications
- Dynamic care transitions dashboard
- Built-in readmissions risk stratification and mitigation strategies
- Patient-specific discharge checklists
- Patient-specific multimedia education
- Post-discharge follow-up and reminders for compliance
Carebook is available as a native app for iPad and iPhone, as well as a web app accessible via any smartphone or PC browser.
“CareInSync addresses a pain point that is hurting every hospital. Improving patient discharge and comprehensive care coordination are strategic priorities for hospitals and ACOs,” said Anne DeGheest, founder and managing director, HealthTech Capital. “CareInSync’s solution will have a direct impact on hospital bottom lines and is well positioned. We are delighted to support such innovation with both investment dollars and hands-on mentoring.”
“We are pleased to have HealthTech Capital lead our Series A round,” said Siva Subramanian, PhD, Chief Executive Officer, CareInSync. “I appreciate the exceptional professionalism and enthusiasm they demonstrated in working with us. Their domain expertise in healthcare IT and clinical workflows added substantial value beyond their investment dollars.”
“CareInSync is building a communications platform to manage the transition of care for patients—this is a significant need,” said Dr. Charles Tuchinda, Chief Innovation Officer, Healthcare, Hearst Business Media. “The combination of structured communication between the healthcare team and patient specific clinical decision support guidance should improve the quality, effectiveness, and efficiency of healthcare delivery.”
HealthTech Capital is an ecosystem of angel investors, venture capital, nonprofit foundation and industry members; to mentor and fund innovative, early-stage HealthTech companies. Investing HealthTech members included leading angel investors, the California HealthCare Foundation through its Health Innovation Fund, and First Databank through Hearst Business Media’s Healthcare IT Venture Fund.
“This fifth investment by HealthTech Capital validates our vision to create a new funding and mentoring mechanism to fill in the growing venture capital gap,” stated DeGheest in a written statement. “By bringing together an ecosystem of angels, strategic investors, providers and non profit organization, we are able to provide not only needed capital but also hands on mentoring, regulatory expertise, access to leading providers, distribution channels support, and market credibility at a much earlier stage.”