TORONTO, May 2, 2017 /CNW/ - QoC Health, a digital health company and Certified B Corp™, announced today the closing of its latest funding round. The company plans to use the funds to make its award-winning patient engagement platform available to external developers building digital health applications. The round was funded by the same group of institutional and angel investors that participated in the 2015 seed round, which was led by Epic Capital Management and Bayshore HealthCare.
QoC Health helps health organizations take their digital health ideas to scale / commercialization with its patient-centered technology platform. Capabilities of the platform include patient monitoring, analytics, educational materials, secure communications, decision aids, planning tools and turnkey integration with existing medical records. Tools built by QoC Health have peer reviewed, published results demonstrating both improvements to patient outcomes & experience and cost savings using its technology.
"Over the past several years, QoC Health has experienced overwhelming demand for our patient engagement platform," says Chancellor Crawford, CEO and co-founder of QoC Health. "To date, we have offered the patient engagement platform in combination with a package of services. Now is the time to make this platform accessible to innovators who prefer to manage their own software developers."
"QoC Health has executed against its strategic plan and the current investors are excited to support its continued growth," says Scott Kaplanis, Partner and Portfolio Manager at Epic Capital Management. "It's a testament to their momentum that every investor from the seed round has participated again."
The new financing round arrives amongst several recent successes at QoC Health. These include being awarded a contract to deploy a Return to Duty (RTD) program for the Department of National Defense, being selected as a technology partner for on Ontario Health Technologies Fund (HTF) project, and winning the recent Procurement by Co-Design Challenge hosted by MaRS. Financial terms of the investment round were not disclosed.
About QoC Health
QoC Health helps health organizations take their digital health ideas to scale and commercialization with its patient-centered technology platform. For more information, please visit www.qochealth.com
About Epic Capital Management
Epic is a leading funder of Canadian medical technology and digital health companies. By providing much needed growth-stage capital, Epic is working closely with prominent Canadian academic institutions and entrepreneurs to bring local technologies and expertise to global markets. Its investments are helping to redefine patient care and improving how healthcare services are delivered. For more information, please visit www.epiccapitalmanagement.ca
About Bayshore HealthCare
Bayshore HealthCare is Canada's largest integrated provider of home health, specialty pharmacy, and infusion clinic services. The organization provides these health services to more than 200,00 Canadians through a National Network of 122 locations. Services are delivered by a multi-disciplinary team of 11,000 plus employees located in communities across the country. For more information, please visit www.bayshore.ca
SOURCE QoC Health
For further information: 602-436 Wellington Street West, Toronto, ON, M5V 1E3; @QoCHealth, qochealth.com, [email protected], (647) 725-9660