A Devon-based health tech company, Health and Care Innovations (HCI), has secured a £375,000 equity investment as part of an £880,000 funding round. This investment, awarded by the British Business Bank’s South West Investment Fund through The FSE Group, will fuel the growth of HCI’s digital health platform and healthcare video library.
HCI is already collaborating with over 10% of NHS acute trusts, Integrated Care Boards (ICBs), and international partners such as Mater Hospital in Ireland and regions in Spain. The company’s focus is to educate and support patients at home, empowering them to self-manage their conditions. This approach aims to reduce the number and duration of appointments and calls, ultimately lessening the strain on healthcare systems and allowing resources to be concentrated on patients with the highest needs, as well as reducing waiting lists.
As global healthcare systems face the challenge of managing multiple health conditions (multimorbidity), HCI’s integrated technology presents a single platform for handling various conditions and treatments. CONNECTPlus technology supports over 70 conditions, offering remote monitoring tools and digital care pathways. Furthermore, HCI’s extensive health and care video library provides patients with over 1,000 videos, offering essential information for effective self-management in multiple languages, thus addressing challenges around healthcare equality and diversity.
Richard Wyatt-Haines, CEO and founder of HCI, emphasized the company’s mission. “We often see people struggling to understand their treatments and conditions, increasing anxiety and placing more demands on healthcare systems. HCI is designed to address these issues. Our comprehensive solution equips patients to proactively manage their health, and we are thrilled to receive this investment, which will help us reach more healthcare providers and patients in need.”
Ralph Singleton, head of equity South West at The FSE Group, added, “HCI’s client base includes over 20 different NHS organizations, multinational insurance companies, and hospitals across Europe. With a skilled team and an adaptable solution to complex healthcare challenges, HCI is poised to lead the transformation of healthcare delivery. We are glad to back them in their mission to innovate patient care.”
Jody Tableporter from the British Business Bank stated, “The South West Investment Fund was created to support innovative businesses like HCI, leveraging technology for growth and a greater impact on patients. By investing in HCI’s CONNECTPlus platform, the fund supports a business which aims to transform patient care, improve healthcare efficiency, and enhanced support for both patients and healthcare providers. We are excited to see the positive developments from this investment.”
Wyatt-Haines further explained that CONNECTPlus aims to improve care quality and enhance the quality of life for patients, reduce costs and healthcare demands, increase efficiency and improve work experience of clinical staff, and boost the overall capacity of health organizations.
