TORONTO, March 17, 2016 /CNW/ - QoC Health, a digital health company and Certified B Corp™, announced today the closing of $700,000 of seed round financing. The company plans to use the financing to continue expansion and invest into its award-winning patient engagement platform. The seed financing was led by Epic Capital Management and Bayshore HealthCare, with additional participation from angel investors.
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.
"QoC Health is an ideal technology partner to take any digital health idea from concept to scale," says Chancellor Crawford, CEO and co-founder of QoC Health. "Whether you are a researcher prototyping an app for the first time or a mobile health company commercializing a validated product, our technology platform and expertise can help accelerate the path to success."
"Being a venture capital firm trying to discover the next best thing in digital health, we understand the problem that QoC Health is solving firsthand," says Scott Kaplanis, Partner and Portfolio Manager at Epic Capital Management. "With QoC Health as a partner, more digital health companies will realize their promise and less will fail because of a lack of technical execution."
The seed financing round arrives amongst several recent successes at QoC Health. These include the design and deployment of an integrated multi clinic diabetes management program in Toronto's South Riverdale health region and helping Alberta's Kids Uncomplicated build the next generation of its acclaimed Teleroo® product, a multi stakeholder collaboration platform designed to create efficiencies in the way essential services are managed and delivered to families with complex needs children. QoC Health is also involved with the Ontario Centres of Excellence (OCE) AdvancingHealth initiative and multiple Canadian Institutes of Health Research (CIHR) eHealth Innovation Partnership Program (eHIPP) projects.
"At Bayshore HealthCare, we get the opportunity to evaluate many digital health companies," says Stuart Cottrelle, President and Founder of Bayshore HealthCare. "QoC Health offers a combination of perfect-fit solutions with off-the-shelf simplicity that is unique in the market."
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 Capital Management Inc. is a boutique investment firm focused on Canadian small- and mid-cap securities. The firm was established in 2000 in Toronto, Ontario and has consistently offered investors a unique alternative to traditional mutual funds and exchange-traded funds. For more information, please visit www.epiccapitalmanagement.ca
About Bayshore HealthCare
Bayshore HealthCare is the Canada's largest provider of home and community health care services. For more information, please visit www.bayshore.ca
SOURCE QoC Health
Image with caption: "QoC Health (CNW Group/QoC Health)". Image available at: http://photos.newswire.ca/images/download/20160317_C1033_PHOTO_EN_645079.jpg
For further information: 602-436 Wellington Street West, Toronto, ON, M5V 1E3; @QoCHealth, qochealth.com, [email protected], (647) 725-9660