Ultramed, a UK-based health tech company, quickly secured its initial £100,000 funding target just days after launching its equity crowdfunding campaign on Crowdcube. The initiative is now nearing £175,000 from more than 260 investors. Ultramed describes itself as a health tech company that operates a suite of cloud-based pre-operative products. The company noted its goal is to reduce costs and free up healthcare resources.
“Ultramed is a pioneering health technology company, placing innovation and first-class patient experience at the forefront of our strategy. Combining clinical NHS executive experience with international design expertise, we provide elegant, patient-focused solutions to common problems. Over the past two years, we have developed a suite of online patient assessment programs under the Ultraprep banner. They offer a cloud-hosted, online preoperative assessment and pre-procedure assessment process for a variety of different specialities and departments.”
The company also revealed:
“Prior to an operation or procedure, the patient creates a secure Ultramed account and inputs their data online, giving them the option to complete their assessment remotely from the comfort of their own home instead of having to attend a dedicated appointment. In addition to the obvious patient benefits, the Ultraprep suite of programs dramatically enhances hospital processes without the usual complex integration requirements such platforms require, ultimately minimising associated costs and freeing up resources for hospitals and the healthcare professionals who work there.”
Funds from the campaign will be used to build implementation capacity and speed up adoption in late 2017 and 2018. The campaign is set to close mid-October.
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