Finnish Buddy Healthcare receives €2M in funding for internationalisation

Well being know-how firm, Buddy Healthcare has concluded a funding spherical of €2 million to develop its automated care coordination platform BuddyCare.

This newest funding spherical is led by UTU Make investments Oy and Swedish funding firm Nidoco AB, a subsidiary of Virala Oy Ab owned by Alexander and Albert Ehrnrooth. Former shareholders equivalent to Spartamed Oy, led by doctor investor Ali Omar, additionally took half within the funding spherical.

Buddy Healthcare may even obtain funding from Enterprise Finland, after having been chosen as a part of their Younger Modern Firm (NIY) funding programme, an initiative that goals to speed up the worldwide progress of Finnish startups with promising potential.

WHY IT MATTERS

The BuddyCare platform automates the very important process of instructing and getting ready sufferers for his or her remedy, a course of that’s often accomplished by way of mail or cellphone.

By automating this method, the platform reduces time wanted by healthcare professionals for his or her care coordination, releasing up time to ship care the place most wanted. The platform additionally collects medical historical past from sufferers, additional supporting healthcare professionals in making remedy suggestions.

The care pathway is seen on the BuddyCare App for the affected person and incorporates a timeline that comprises all the knowledge and stipulations required. Based mostly on their private care schedule, the affected person receives notifications for upcoming duties and is ready to ship messages to the healthcare skilled or e book a video appointment via the app if wanted.

Commenting on the corporate’s plans to broaden its footprint, Jussi Määttä, CEO of Buddy Healthcare, mentioned: “The digitalisation of healthcare has made a terrific leap ahead in Finland within the current years.The demand for digital affected person and care coordination techniques has elevated each in Finland and extra broadly in Europe. Our platform may be very aggressive within the European market. We’re already working in 12 hospitals in Finland and in three hospitals in Germany. Implementation processes are additionally in progress in three different EU nations.”

THE LARGER CONTEXT

In the meantime, in one other transfer to present sufferers the chance to be extra concerned of their care, Novartis UK and Cievert just lately introduced a digital innovation partnership to assist affected person care in rheumatology and dermatology by capturing patient-reported knowledge.

ON THE RECORD

Määttä mentioned: “The brand new capital goes for use to speed up gross sales, particularly in Germany and the UK. The urgency for automation is extra urgent than ever because of the COVID-19 disaster. For instance, in Germany the federal government has already earmarked €4 billion to assist the digitalisation of hospitals.”

Patrick Castrén, CEO of Nidoco AB mentioned: “The rationale for the funding is the pattern of course of optimisation enabled by healthcare digitalisation, which advantages sufferers, hospitals and different service suppliers alike. Buddy Healthcare affords a product that’s extremely aggressive, even within the world market, in addition to a crew filled with engaged and skilled professionals.”