Berlin-based health tech company Recare has successfully secured €3.2 million euros in funding for its digital discharge management platform, which helps facilitate the transfer of patients from hospitals to post-care providers, offering potential cost savings by optimising length of stay and increasing efficiency within the discharge pathway.
Launched in 2017, Recare has focused on helping hospitals to identify follow-up care providers for patients with aftercare needs, with a network of 700 acute hospitals, 650 rehabilitation clinics, and “24,000 other service providers” across care and homecare services. According to the website, “more than 300,000 patients have already benefited from faster aftercare” with the help of the platform.
Maximilian Greschke, founder and CEO of Recare, said of the company’s plans for the future: “We reject the status quo of the healthcare system in Germany and Europe, where filling out, scanning and faxing dozens of forms is still the norm for patients. We believe that technology is the key to a positive impact in the health system and makes processes more efficient, faster and safer. Such a digital transformation allows medical professionals to focus on the care and treatment of patients, not on bureaucratic processes. Ultimately, all parties involved benefit from this.”
Recare plans to use the financing to “focus even more on the introduction of its digital discharge management solutions” and to “improve the processes of patient aftercare at a crucial point in the digital transformation of the German health system”, observing the “opportunity” offered by the final phase of the Hospital Future Act which “obliges” hospitals to digitise.
To learn more about the new funding, please click here.
For a recent panel discussion, we were joined by a panel of international health tech experts to discuss current digital capabilities, projects, and priorities from country contexts including Spain, Bermuda, and the UK.
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