TORONTO – With $11.6 million in fresh funding, wound care management company Swift Medical is ready to make a push into the home health care market.
The company currently counts more than 1,000 health care facilities as customers, serving 100,000 beds across North America.
“We want to expand our base to as many organizations as our technology can be used, especially home health,” said Carlo Perez, co-founder and CEO of Swift Medical.
Swift Medical’s AutoDepth software allows clinicians to take wound depth measurements by using a mobile app and waving the smartphone over an injury like a wand. The app tracks thousands of points in the images and generates information for health care providers to discern wound depth, all without ever making physical contact. It also enables sharing of information, and collaboration between health care providers and patients.
The technology was first integrated by EHR platform provider PointClickCare and wound care center Healogics, and has since been used by other facilities to heal around 10,000 patients per month, Perez said.
“We offer a new approach to wound management,” he said. “Our software allows clinicians to get a precise longitudinal understanding of treatment and it lets the treatment be more agile.”
Capitalizing on the Series A funding from Data Collective, Real Ventures, Relay Ventures, DHVC and Business Development Bank, Swift Medical will look to double its size by early 2019, said Perez.
“All of our technology was developed specifically for home health,” he said. “Home health agencies have wound care visualization challenges and difficulty treating wounds in the field. Our technology produces accurate images and really shines in those remote cases.”