Connect with us

Hi, what are you looking for?

Right Decision NowRight Decision Now

Business

Location tech scaleup Navenio secures $6.3m to boost efficiency and capacity for patient care delivery teams

Navenio, the UK location tech scaleup, has today announced its £5m million investment to help revolutionise healthcare efficiency worldwide.

The round was led by Oxford Science Enterprises, and saw Navenio’s existing investors, including G.K. Goh Ventures, Big Pi Ventures, George Robinson, and the University of Oxford, participate.

Navenio’s technology streamlines patient care logistics within complex healthcare environments, optimising workflow efficiency. Real-time location awareness of patients, staff and medical equipment combined with Uber-like intelligence of task allocation, current path of motion, and optimal route determination enables smart, automated orchestration of patient care.

With access to real-time actionable insights, such as over- or under-utilisation of resources (staff and/or medical equipment), Navenio’s ‘Intelligent Location and Workforce Solutions’ facilitate improved operational efficiency and effectiveness, optimal resource utilisation, creating enhanced revenue opportunities and better staff collaboration around the orchestration of care.  This transformation frees up clinical staff to maximise their time on providing the best care to patients.

The investment enables Navenio to build upon its proven technology platform and demonstrated customer value to accelerate momentum in healthcare and beyond. With a range of existing customer partners in the UK, including NHS organisations, facilities management businesses and private hospital groups, the investment will fuel further expansion and growth in the United States healthcare market, as well as other geographies.

Heather Roxborough, Head of HealthTech at Oxford Science Enterprises, commented: “We invest in companies with the potential to become leaders in their field, and that is why we’re proud to back the incredible team at Navenio on their latest fundraise. Navenio is revolutionising the way we create more efficient healthcare workplaces, through its proven technology powered platform for indoor mapping, and we are excited to continue supporting the team on the next stage of the company’s journey as they look to deliver its offering to a wider range of use cases and across new geographies.”

Andy Carruthers, CIO University Hospitals of Leicester NHS Trust commented, “Navenio has enabled a 66% increase in efficiency and effectiveness in our portering workforce across the 3 Leicester hospitals. Patient flow and experience has improved by getting the right person to the right place at the right time, and the platform has been enthusiastically adopted by our teams. I look forward to expanding our use of Navenio to support additional workgroups and integrate into our other core technologies.”

Connie Moser, CEO of Navenio, added: “This investment will go a long way in helping Navenio to ramp up its offering in the US as well as in new geographies. We’re on a strong growth trajectory, and accelerating our deployment for real world impact across healthcare and beyond is our top priority.”

Read more:
Location tech scaleup Navenio secures $6.3m to boost efficiency and capacity for patient care delivery teams

    You May Also Like

    Business

    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

    World News

    BEIJING — China landed an uncrewed spacecraft on the far side of the moon on Sunday, overcoming a key hurdle in its landmark mission...

    World News

    LONDON — Talks aimed at reaching a global agreement on how to better fight pandemics will be concluded by 2025 or earlier if possible,...

    World News

    SINGAPORE — Ukrainian President Volodmyr Zelensky’s unscheduled appearance at Asia’s biggest security conference dominated proceedings on Sunday after China’s defense chief slammed “separatists” in...

    Disclaimer: rightdecisionnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 rightdecisionnow.com | All Rights Reserved