ConnectedHealth Closes Initial Funding Round
Dena Jacobson Grigas
Lages & Associates
ConnectedHealth Closes Round of Angel Funding Led by Singapore Investors Khoo Boon Hwee and Lim Ho Kee
Funding to Drive Company Growth and Expansion through Introduction of eHealth Platform to US Health Care Providers
SINGAPORE, March 17, 2011 - ConnectedHealth, provider of health monitoring connectivity solutions, today announced it has completed its SEED financing of $400,000. The round was led by Singapore angel investors Khoo Boon Hwee and Lim Ho Kee, with participation by existing ConnectedHealth founding investors, including Get2Volume Pte Ltd.
ConnectedHealth has developed health monitoring connectivity solutions that drive down health care costs by improving patient compliance. ConnectedHealth's eHealth Platform product is the first to provide an end to end connected solution for remote health management. ConnectedHealth enables health care providers to manage patient costs through remote monitoring. ConnectedHealth's use of standard hardware and third party devices results in lower costs over existing wireless health solutions, better integration into health care providers existing patient management systems (Electronic Health Records, patient management) and improved scalability to large numbers of patients.
According to ConnectedHealth CEO Mike Holt, wireless monitoring holds great potential as a solution that will help improve profit margins for health care providers while providing optimum patient care. "It's truly a win-win scenario, with the ConnectedHealth eHealth Platform seamlessly connecting patients to their caregivers, enabling them to more easily comply with their caregivers instructions without the added effort of traveling to the health care facility," Holt noted.
This funding is being used to accelerate customer deployment of ConnectedHealth's eHealth Platform – particularly in the U.S. market. "The growth of the wireless market has spurred a significant demand for our eHealth platform," Holt continued. "With this funding, we are taking ConnectedHealth's proven eHealth solution beyond trial deployments to volume patient systems,- and will be introducing it to health care providers in the United States, where the notion of cutting costs without sacrificing patient care is currently a hot button issue.
About ConnectedHealth Pte. Ltd.
ConnectedHealth, headquartered in Singapore, is a wireless health innovator committed to developing health monitoring connectivity solutions that drive down health care costs by improving patient compliance. ConnectedHealth's eHealth Platform product is the first to provide an end-to-end connected solution for remote health management.
Through its eHealth Platform, ConnectedHealth addresses health care providers' demand for lower cost eHealth solutions that can scale by leveraging newly created standard communications standards, leveraging third party measurement devices and use of standard, third party health gateway hardware.Back