Hospital tech company Oneview Healthcare raises $7m

Money raised will drive expansion of Dublin hospital tech company in the key north American market

The Dublin company has just completed the deployment of its technology across 850 devices at 289 beds across three new University of California medical centre units

The Dublin company has just completed the deployment of its technology across 850 devices at 289 beds across three new University of California medical centre units

 

Oneview Healthcare has raised $7 million (€5.6m) from its largely Australian investors as it looks to scale up the rollout of its patient engagement software in hospitals.

The Dublin company has just completed the deployment of its technology across 850 devices at 289 beds across three new University of California San Francisco Medical Centre units that are due to open on February 1st.

The new money raised will be used primarily to drive further expansion in the key north American market, where Oneview has set itself ambitious targets for 2015. The company is aiming to win nine new hospital contracts in the US and six in Australia over the next year, as its software begins to establish itself at five hospitals in the US, Middle East and Australia.

“We are focused on scaling the innovation that we have spent the past six years developing. . . to revolutionise patient care in our three target markets,” says chief executive James Fitter.

Australia

Epworth Healthcare

Oneview’s solution integrates with a hospital’s IT systems, including electronic medical records, to inform patients about treatment alongside interactive patient care and entertainment to bedside terminals as well as medical professionals’ smartphones and tablets and even televisions in hospital rooms.

Increased use of technology in hospitals is providing opportunity for companies like Oneview, which says it can cut healthcare costs by up to 21 per cent, reduce readmissions within 30 days of discharge and more than double patient satisfaction, benefiting hospital reputation.

Lowering re-admissions is critical for hospitals, especially in the US, where insurers often refuse to cover such events.

Epworth Healthcare chief information officer Karen Kinmont said the contract would allow Epworth meet the needs of patients, medical specialists and staff. Founder and company president Mark McCloskey said: “We are enormously proud to have been selected by such a prestigious institution that prides itself on being at the forefront of innovation.”

The latest rights issue means Oneview has now raised $20 million over the past two years