Health and technology have always had an important relationship. But in recent years, telehealth and healthcare technology have reached greater heights than ever before. It has seen the rise of fantastic companies and apps, and among them is PocketHealth. The company is focused on giving patients control over their medical images and records, which can be quickly and easily shared with doctors. If you want to know more about how they plan to use their recent funding, check out their official statement below.
Our funding of US$16 million (C$20 million) will allow us to accelerate investments in new product development, market expansion and the hiring of employees to allow more patients to play an active role in their care.
We are thrilled to announce that we have raised $16 million US ($20 million CAD) in funding. Led by Questa Capital and with participation from our initial investor Radical Ventures, the new funding demonstrates the progress we’ve made in our mission to empower patients with access to their diagnostic imaging and medical reports so they can play a more active role play a role in their care and achieve better health outcomes. It also allows us to accelerate our efforts to bring PocketHealth to more patients and caregivers in Canada and the United States through investments in product innovation and hiring.
When we founded PocketHealth, we had a simple goal in mind: to make diagnostic images easier to access and share for patients and healthcare providers, and to eliminate the need to rely on outdated technology: the CD-ROM . The idea came from Harsh’s personal experience with the healthcare system while working in Silicon Valley as a software engineer at Google. After injuring his ankle, he went for an x-ray and an MRI, and at the end of the appointment, the technologist handed him two CDs with copies of his images and told him to share them with the doctor.
Harsh was shocked. Here he is, at the epicenter of technology, surrounded by companies like Netflix and Dropbox that have long solved the problem of digital file sharing, and he’s holding CD-ROMs in his hands. Like most of us, he didn’t have a CD player, which meant that his own footage was inaccessible to him. And in order to get a diagnosis, he was responsible for physically transporting them to his doctor.
Imaging is almost always a source or confirmation of medical diagnosis and can often be the spark of a long-term care journey. Although the emotional nature can range from joy (motherhood) to anxiety (finding a tumor), most patients who have gone through an image-based journey have experienced the same pain and frustration as Harsh. . Today, X-rays, ultrasounds, CT scans, MRIs and other visual means are essential to understand a course of care or to seek a second opinion. Yet, at a time when patients are most vulnerable, they find themselves on frustrating expeditions of record release, requiring in-person visits, CD-ROM hardware and locked down image-sharing networks.
We saw these challenges as an opportunity to create a cloud-based platform that would allow patients and healthcare providers to easily access and share diagnostic imaging and reports. With the help of a handful of early adopters, we created PocketHealth, the first patient-focused image-sharing platform that allows patients and healthcare providers to securely share health reports. medical and diagnostic imaging with anyone, anywhere and on any network. We focused on improving patient access and control over their imaging records, while minimizing disruption and change management for healthcare providers.
When the COVID-19 pandemic took hold in March 2020, healthcare facilities that previously relied on in-person CD sharing suddenly needed a different way to transfer critical medical information. We were able to help minimize physical contact and interaction, which made image sharing safer for staff and patients.
Sharing essential health information is a global problem. Although we started in Toronto and have established meaningful partnerships with numerous hospitals and outpatient imaging facilities in our home province of Ontario, we have grown rapidly. Our platform is now used by over 600,000 patients at 550 provider sites in Canada and the United States. We have over 600 million images on our platform, and every day patients and providers upload millions of medical images to PocketHealth.
And we’re just getting started. An investment in your own care requires more than just access to your medical information. We want to be able to do more to help patients understand their own diagnosis, so they can have more informed conversations with their doctors and more effectively advocate for their own care and the care of their loved ones. Earlier this month, we released Report Reader, which allows patients to tap or click on common anatomical or medical terms in most medical imaging reports and view the meaning of the terms in a easily understandable.
Our Series A funding will allow us to invest in adding exciting new features to PocketHealth. We will also be expanding our team and hiring in the areas of product, engineering, marketing, sales, and customer success. These functions will be instrumental in expanding our product offerings, increasing our patient adoption and expanding our footprint in North America.
The past six years have been an incredible journey supporting healthcare workers and empowering patients. We are very grateful for the support we have received from our community and the industry as a whole as we work to improve the patient experience. We look forward to continuing to build a world where patients have the information and knowledge to become empowered, engaged and active participants in their healthcare journey.
The original article can be found on the official PocketHealth website.