Date: Oct 10, 2012 Source: (
click here to go to the source)
Philadelphia, PA
--
October 10
, 2012
--
RightCare Solutions, Inc.,
an evidence
-
based technology organization specializing in hospital discharge
planning and readmission management
, today announced it has
secured Series A venture capital financing, led by Compass Partners, LLC and
Domain Associates, LLC.
The new funding will permit RightCare to further
develop
its unique Discharge Decision Support System Platform
and
expand early market adoption
.
"RightCare is uniquely positioned to help hospitals identify and avoid
unnecessary
readmissions
," said Richard Perlman
, p
artner at Compass
Partners L.L.C.
"
RightCare is able to
offer
expert
-
derived tools
leveraging
a
decade of academic research in
an excit
ing
software
platform to help
reduce hospital readmissions and improve patient care
."
"We believe
RightCare
is in a strong position to capitalize on the rapidly growing
need for information technology solutions and workflow
tools
to
improve patient care a
nd reduce costs for
hospitals
," said
Dennis Podlesak
, p
artner
, Domain Associates
.
"The
RightCare
platform
is driven by
strong science and clinical data and can bring meaningful improved outcomes to customers and patients
."
"This funding recognizes our
differentiated approach to help reduce readmissions and improve workflow, the strength and dedication of our
team, as well as the growth opportunity of our unique software
-
as
-
a
-
service business model," said RightCare Co
-
founder
, President
& CEO Eric
Heil.
"With this financing, we're well positioned to expand our team and extend the reach of our product offering to hospitals acro
ss the
country."
About
RightCare
Solutions, Inc.
RightCare Solutions believes that evidence
-
based technology can empower nurses, di
scharge planners, and case managers to revolutionize the
discharge planning process. With our proprietary Discharge Decision Support System, D2S2, hospitals, insurers, and homecare
agencies
improve the quality of care for patients while alleviating the de
vastating toll that 30
-
day readmissions exact on the healthcare system. Based
on a decade of research conducted at the University of Pennsylvania School of Nursing, the D2S2 platform enables continuous p
oint
-
of
-
care
decision support, optimizes workflow, a
nd dramatically improves post
-
acute care transitions.
Visit
www.RightCareSolutions.com
or follow
-
us on Twitter at @TeamRightCare
to find out more.
About Compass Partners
Compass Partners, L.L.C.
, founded in 1995 by Richard Perlman is a merchant banking
and investment advisory firm. The firm has a diverse group
of investments, but since its inception, has had a dominant focus on healthcare and healthcare information services. Compass
is located in New
York City.
About Domain Associates
Founded in 1985, D
omain Associates, L.L.C. is a venture capital firm with an exclusive focus on life sciences.
Domain is
headquartered in
Princeton, NJ with a second office in San Diego, CA
,
and has
an investment portfolio
comprising some 80 companies.
Contact
Eric Heil
Co
-
founder, President & CEO
Phone:
215
.
646
.
8800
Email:
info
@
rightcaresolutions
.com
