New South African partnership gets $3M, launches telehealth product – TechCrunch

Easy access to primary health care is important for early detection and treatment of health status.. Primary health care is best provided by a team of primary care clinicians coordinating care between them... HoweverUbiquitous access to such care is poor throughout sub-Saharan Africa.

Digital healthcare platforms have real opportunities to expand access to team-based care across the region.. They can reduce the cost of quality care while improving health outcomes, reach remote patients and reduce pressure on traditional health care support systems...

The pandemic has seen such platforms expand globally, and Africa is not exempt. A new platform (not yet named) has been launched from South Africa and wants to provide quality care accessible to Africans with telemedicine services.Today it closed $ 3 million before a Series A round for that purpose..

Yes, I’m wondering why the platform doesn’t have a name (and I do), but what’s interesting is the participation of a VC company (Webrock Ventures) and two health tech companies ( and The fact is that the power to launch this new venture..

Here is some summary information about the trio.

Webrock Ventures Is a Sweden-based investment company that employs a venture-building model. so In essence, The company has partnered with a Swedish technology company to combine its cash with the company’s business model to build a portfolio business.It does this while maintaining a significant stake in the company.

Healthforce Is a South African-based health tech company seeking to improve health care through an interdisciplinary clinical team... To date, we have assigned nurses to more than 450 clinics nationwide and have provided more than 1 million consultations with nurses... Since launching the service last year, Healthforce has also provided telemedicine with over 110,000 consultations...

As a Swedish-based telemedicine company Allows patients to reach their healthcare professionals via their smartphones across the full range of primary careMost of its customers are in Europe and Latin America.

So why are you planning to form a partnership to launch telemedicine products in South Africa and expand further in other African countries in the future???

Globally, investment in telemedicine has skyrocketed, increasing by more than 50% since the inception of the pandemic... In many of the world’s fastest growing economies, investors and businesses (in this case Webrock and are now looking to Africa as a major growth region for such demanding services. I will...

Saul Kornik, CEO and co-founder of Healthforce and CEO of a new venture

Currently, has two models for commercializing telemedicine applications. The first is using that technology Personally We provide healthcare services. The second model licenses core technology to third parties in the market that does not intend to extend.. has achieved this with Brazilian medical technology startup ViBe Saúde (via Webrock). Last year, the platform received more than 1.2 million patient consultations... We plan to do the same by licensing technology that provides care through Healthforce throughout Africa...

Forming a new partnership opens up a whole new opportunity. Healthforce can leverage its current position to bring core technology from to the new direct patient market.Behind the scenes is Webrock, a voluntary investment machine set up to extend the platform.

The new venture will focus on the uninsured B2C segment through freemium-type products.. The platform provides on-demand and scheduled consultation with nurses, general practitioners and mental health professionals... It also provides chronic care management, Will be integrated Healthforce’s broader primary care offering..

Sole cornicHealthforce Co-Founder and CEO Reopens New Role in Newly Established Company.. According to him, the partnership will be a health force Additional Products to add to the healthcare product stack.. in addition, It gives the ability to generate licensing revenue from new markets, and Webrock has the opportunity to invest in yet another large developing market...

“Webrock and Healthforce have partnered to bring funding and strategic / operational capabilities to this new pan-African direct play with patients. RespectivelyHe told TechCrunch“All existing independent businesses will continue. HoweverUnder NewCo, Healthforce as a major shareholder will expand its primary care product stack and will generate revenue from the license fees it earns.

Sub-Saharan Africa has a healthcare market of approximately $ 90 billion. However, health insurance coverage is a single digit (percentage) across sub-Saharan African countries, with the exception of South Africa, which has a 16% coverage. Krunik states that the three want to tackle most of this challenge. Aligned What if the African health system is working? Optimal..

“This is a pure healthcare provider venture. Through this pan-African venture, we will provide high quality medical care to 75 million people at low cost through telemedicine. literally Put health care in the palm of their hands, “he said...

Webrock Ventures Partner Joshin Raghubar Doktor Co-Founder and CEO, Martin LindmanWith a large population and increasing smartphone penetration, we are enthusiastic about the opportunities that Africa brings...

Hoping to be named soon, this new venture is one of the few South African-based health tech platforms, raising seven-digit amounts in a FinTech-dominated year. During February HearX Group, a company specializing in the manufacture of hearing medical technologyRaised $ 8.3 Million in Series A to Expand to U.S. See Quro Medical in April Close $ 1.1 Million Seed Round Expand services to comfortably manage sick patients at home. Judging by the intervals between each donation, we need to see more from the country before the year expires.

New South African partnership gets $3M, launches telehealth product – TechCrunch Source link New South African partnership gets $3M, launches telehealth product – TechCrunch

Related Articles

Back to top button