By Healthtech company Recare today announced that it has secured €3.2 million to expand its marketplace for digital discharge management in Germany.
Founded in 2017 in Berlin, Recare has developed a SaaS platform to facilitate easy and effective patient transfer from hospitals to care providers. It acts as a neutral marketplace, allowing hospitals to find care providers for their patients with aftercare needs.
Today, the marketplace connects 700 acute hospitals, 650 rehabilitation clinics, and 24,000 further care providers, medical suppliers, and homecare companies.
More than 300.000 patients have already benefited from faster aftercare thanks to their platform.
The funding comes at a crucial moment in the digital transformation of the German healthcare system. The final phase of implementing the Hospital Future Act (Krankenhauszukunftsgesetz/KHZG) is coming, which obliges hospitals to digitise and thus improve their efficiency. Thus, the penetration of the discharge management market is a top priority.
“We refuse the status quo of the healthcare system in Germany, or even Europe, where filling, scanning and faxing dozens of forms daily for patients is still the norm,” says Maximilian Greschke, founder and CEO at Recare.
“We believe making processes faster and more secure with the help of technology is the key for positive impact in the healthcare system and ultimately helps healthcare professionals to focus on treating patients, not paperwork.”
The new capital comes from a new capital round from existing investors and a €2 million loan arranged by Gilion, which enables technology companies to grow through access to funding and forecasting.
According to Mariam Koorang, General Manager for Germany at Gilion:
“Recare has created a compelling and easy-to-use platform in a complex and regulated environment, marrying great technical ability with first-hand industry expertise.”
The funding allows Recare to focus even more on introducing its digital discharge management solutions to improve patient aftercare processes.
Lead image: Maximilian Greschke, founder and CEO at Recare. Photo: uncredited.
