What You Should Know:
– Kontakt.io, a leading innovator in Inpatient Journey Analytics, has announced a significant investment of $47.5 million. This Series C funding round, led by Growth Equity at Goldman Sachs Asset Management (Goldman Sachs), empowers Kontakt.io to accelerate its growth and fuel the expansion of its cutting-edge Artificial Intelligence (AI) solutions.
– Goldman Sachs’ investment signifies their confidence in Kontakt.io’s disruptive technology and market potential. Christian Resch, a partner at Goldman Sachs, will join Kontakt.io’s Board of Directors, providing valuable guidance and expertise to fuel the company’s next phase of growth.
Addressing Critical Challenges in Hospital Operations
The need for operational excellence in hospitals has never been greater. The healthcare industry faces:
- Increasing Complexity: Managing patient flow, resource allocation, and staff scheduling presents growing challenges.
- Rising Cost Burdens: Hospitals are constantly seeking ways to optimize resource utilization and reduce waste.
- Employee Attrition: High staff turnover rates can disrupt workflows and negatively impact patient care.
Inefficiencies in hospital care delivery are estimated to cost the US healthcare system roughly $300 billion annually. Kontakt.io’s AI-powered platform tackles these challenges head-on, empowering hospitals to deliver better care while minimizing waste.
Optimizing Patient Care with Real-Time Data
Kontakt.io is transforming hospital operations by harnessing the power of AI, the Internet of Things (IoT), and cloud technology. Their platform provides:
- Real-time location data: Tracks patients, staff, and equipment, offering valuable insights into workflow optimization.
- Orchestrated Resource Management: Streamlines staff deployment, equipment allocation, and utilization of clinical spaces around the patient’s care journey.
By seamlessly integrating these technologies into existing workflows, Kontakt.io is paving the way for a new era of operational excellence in clinical care delivery. This data-driven approach fosters:
- Improved Safety and Coordination: Enhanced visibility into patient location and resource allocation minimizes potential errors and delays.
- Elevated Patient and Staff Experiences: Streamlined processes create a more efficient and positive environment for both patients and healthcare professionals.
- Rapid Return on Investment (ROI): Hospitals leveraging Kontakt.io’s platform have documented significant improvements in operational efficiency, leading to cost savings.
Proven Success in Leading Healthcare Institutions
Kontakt.io’s solutions have demonstrably improved outcomes for renowned healthcare systems, including HCA, the VA, Mercy Health, North East Georgia Health System, Trinity Health, and the NHS.
“Clinical staff, the key asset of health systems, must be freed to focus on their single most important job: providing patient care,“ commented Philipp von Gilsa, CEO of Kontakt.io. “Our partnership with Goldman Sachs will help Kontakt.io further expand into AI to orchestrate care delivery resources and processes, putting staff and patients back at the center of care.”
