Health and Care Innovations secures £375,000 from the South West Investment Fund to accelerate growth in transforming patient care
Summary
Health and Care Innovations (HCI) has secured a \xa3375,000 equity investment from the British Business Banks South West Investment Fund via appointed Fund Manager, The FSE Group.As part of an \xa3880,000 funding round, the investment will drive the growth of HCIs CONNECTPlus digital health platform and healthcare video library to help manage patient care.HCI is already working with over 10% of NHS acute trusts, with ICBs and with Mater Hospital in Ireland and Castilla La Mancha and Catalonia in Spain, educating and supporting patients at home so that they can self-manage their conditions more confidently and reduce demand on the health system.This reduces the number and length of appointments and calls in order to reduce elective care waiting lists and outpatient appointments and focus resources on the patients with the greatest need. As the world grapples with the growing demands of multimorbidity, HCIs integrated approach offers a singular platform for managing multiple conditions and treatments that simplifies life both for patients and health systems.CONNECTPlus addresses the needs of "the whole patient," supporting over 70 conditions already, plus remote monitoring tools and digital pathways of care. Alongside, their health and care video library offers over 1,000 patient-facing videos, providing patients with the vital information and education needed to manage their conditions effectively at home.The ability to deliver in multiple languages means that the challenges around equality and diversity can be easily addressed.Richard Wyatt-Haines, CEO and Founder of HCI, said: "We too often see people undergoing treatment or suffering from conditions they dont understand, which increases their anxiety. Our comprehensive solution empowers patients to take an active role in managing their health and we are delighted to receive this investment, which will enable us to expand our reach, to both healthcare providers and patients in need.Ralph Singleton, Head of Equity South West at The FSE Group, commented: "HCIs client base already includes over 20 NHS organisations, multi-national insurance companies, and hospitals in European territories. "Richard Wyatt-Haines added that CONNECTPlus delivers improved quality of care and quality of life for patients, reduced costs and demand on healthcare providers, increased productivity and improved work experience for clinicians and admin teams, as well as increasing overall capacity within health organisations.The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West.