eChart Healthcare, a Fredericton-based startup that has created a solution for staff and families to receive information at the point of care with real-time data, has raised an $800,000 in Seed financing.
“eChart Healthcare is well poised to succeed in this fast-growing market.”
– Ray Fitzpatrick
The startup has developed a digital patient charting system that assists long-term care homes to simplify the charting process and provide staff and families with real-time data on a senior’s condition. The company raised $200,000 from the New Brunswick Innovation Foundation (NBIF), while the other investors have not yet been disclosed.
“The best technology companies solve a clear and growing problem. That’s what eChart Healthcare does very well with its digital charting system,” said Ray Fitzpatrick, director of Investment with NBIF. “The long-term care software market is expected to grow to $5.6 billion USD by 2026. eChart Healthcare is well poised to succeed in this fast-growing market.”
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eChart was founded in 2016 by Amanda Betts, who runs the Autumn Lee Retirement Home, as a way to join all members of the long-term care team together, including the family, in one system that provides everyone with real-time data on a senior’s condition.
A statement from NBIF said Betts was inspired through her experience operating a senior care home. The software she developed created a way for staff and families to receive information readily available at the point of care with real-time data on things like medication, vitals, meals, activities and even a mood tracker. That led to pilot projects with long-term care facilities and pharmacies, and now a Seed investment round.
“Moving an aging parent or relative into a long-term care facility is never easy. Our eChart platform is creating connected care that gives families and facilities access to all the important information about a loved one in a simple, easy-to-use way,” said Amanda Betts, founder and CEO of eChart Healthcare. “This creates new efficiencies in care delivery and lets the staff of long-term care facilities focus their energies on caring for their residents.”
The NBIF said its investment along with those from other Seed investors will support additional product development as well as sales and marketing activities.
Image courtesy eChart Healthcare