$ 3 million for scale-up NewCompliance for expansion to the United States
Mayo Clinic, InnovationQuarter and Noaber Ventures invest in NewCompliance.
The Hague – NewCompliance, a leading company in interoperable data for hospitals, has successfully raised a $3 million Series A fundraising with Noaber, InnovationQuarter and Mayo Clinic. The funds will be used to support the company’s expansion in the USA and further development of its product-portfolio to expand its global reach.
What all started with a printed toilet roll that would remind users in hospitals to wash their hands, NewCompliance now develops innovative dashboards that provide insights and improves the safety and efficiency in hospitals during the entire surgical process. This is done by collecting, combining and intuitively displaying information from various systems and sensors on large displays in and around the Operating Room (OR). As a result, the OR team is fully aware of all processes and protocols that positively influence costs, workflow, efficiency and patient safety.
“A beautiful scale-up that solves an important problem in healthcare,” says Rinke Zonneveld, Director of InnovationQuarter. With rising healthcare costs, NewCompliance delivers an important efficiency and safety boost. The company is already market leader in the Netherlands and is now focusing on an interesting new market.” The transatlantic step offers hospitals in the US an opportunity to implement clinical best practices from the Netherlands, one of the best healthcare systems in the world, also in the United States. They are currently live with three major customers in the US.
What problem does NewCompliance solve?
Healthcare costs are rising worldwide. The OR is responsible for 40-70% of the turnover of a hospital , and also for a large part of the hospital costs. The complexity of planning around operations often makes it difficult for hospitals to continue to achieve high efficiency standards. NewCompliance helps to reduce both the number of infections (SSI’s) and the costs by providing insight into various factors related to patient safety and by providing insight into surgical-related costs. “Hospitals generate huge amounts of data – stored in different data silos – this data is currently not being used. NewCompliance is the only party that can translate this data into useful information. ”Says Matthijs Blokhuis, director of Noaber Ventures. “The reason for Noaber Ventures to invest is that improved compliance with protocols leads to fewer complications for patients. Insight into data enables hospitals to further improve patient results, increase capacity utilization and reduce costs.”
Mayo Clinic first major US health-care provider to invest in NewCompliance.
Last summer, Mayo Clinic invested in NewCompliance. NewCompliance also has licensed know-how from Mayo Clinic. NewCompliance and Mayo Clinic are collaborating to develop unique perioperative dashboards for several clinical service lines, like Acute Emergency, Breast, and Thoracoscopic surgery. All the solutions are being created to help the patient get the most effective and comfortable experience during their entire surgical pathway.
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