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Digitalization of healthcare accelerates – Buddy Healthcare receives growth capital

 

Digitalization of healthcare accelerates – Buddy Healthcare receives growth capital

Finnish Buddy Healthcare Ltd Oy has received a total of 2 million EUR of growth capital to be used  for internationalization. 

Buddy Healthcare simplifies and optimizes communication between patients and hospitals. The  company’s platform significantly decreases care personnel’s workload by automating care  coordination. 

” The digitalization of healthcare has made a great leap forward in Finland in the recent years. The  demand for digital patient and care coordination systems has increased both in Finland and more  widely in Europe. Our platform is very competitive in the European market. We are already operating in 12 hospitals in Finland and in three hospitals in Germany. Implementation processes are also in  progress in three other EU countries”, states CEO Jussi Määttä.  

Buddy Healthcare is a health technology company that was established in 2016. Thanks to a few  successful funding rounds the company has been able to develop an innovative, valuable product  and launch sales activities.  

New investors joining in with the most recent funding round include UTU Invest Oy and Swedish  investment company Nicodo AB, a subsidiary of Virala Oy Ab owned by Alexander and Albert  Ehrnrooth. In addition, some former shareholders such as Spartamed Oy, lead by physician investor  Ali Omar, took part in the funding round. The company will also receive growth capital from Business  Finland, after having been selected as part of their Young Innovative Company (NIY) funding  program. 

” The reason for the investment is the trend of process optimization enabled by healthcare  digitalization, which benefits patients, hospitals and other service providers alike. Buddy Healthcare  offers a product that is highly competitive, even in the global market, as well as a team full of  engaged and experienced professionals”, explains Patrick Castrén, CEO of Nicodo AB. 

” The new capital is going to be used to accelerate sales, especially in Germany and the UK. The  urgency for automation is more pressing than ever due to the COVID-19 crisis. For example, in  Germany the government has already earmarked 4 billion EUR to support the digitalization of  hospitals”, Määttä explains. 

The BuddyCare Platform reduces time needed by healthcare professionals for their care  coordination. Traditionally, instructing and preparing patients for their treatment happens either by  mail or by phone. Automating these two vital tasks already significantly reduces the workload.  Furthermore, Buddy Care Platform collects preliminary information and medical history from  patients, thus supporting healthcare professionals in making treatment recommendations.  

From the patient’s perspective the care pathway is visible on the BuddyCare App. It features a user friendly timeline which contains all the information, instructions and prerequisites. The patient  receives notifications for upcoming tasks based on their personal schedule. The patient also is able to send messages to the healthcare personnel or book a video appointment if necessary.  

More information:

CEO Jussi Määttä,
mob. +358 40 552 2151
www.buddyhealthcare.com

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