Vital, a Claymont, DE-based artificial intelligence (AI)-driven digital health company improving the patient experience, announced that it raised $24.7 million in Series B funding to fuel expansion and support the rapid growth of its modern software.
The round was led by Transformation Capital, with support from Threshold Ventures, strategic health system investors, and Vital CEO / Mint.com creator Aaron Patzer, bringing Vital’s total funding to over $40 million.
This funding will support ongoing operational and technological advancements, including plans to expand the team and develop new features focused on improving clinical decision support, care coordination, and patient experience.
In 2023, the company expects to have impacted over one million patient lives and supported 100,000 clinical tasks. Vital solutions make it easier for healthcare providers and health systems to communicate with and engage patients during emergency department (ED) and inpatient visits.
With actionable and personalized patient material, automated communication, and real-time feedback, the company's technology, driven by AI and natural language processing (NLP), keeps patients in-network, produces millions in revenue for health systems, and improves the treatment experience.
“Healthcare providers and health systems are faced with a growing list of pressures that all-too-often make it difficult to provide the best care for patients,” said Aaron Patzer, CEO of Vital. “Our beautiful and intelligent software keeps patients engaged and informed, while automating tasks for staff who manage emergency department visits and inpatient stays. With this funding, we will advance the impact of our technology for patients, families and clinicians.”
Vital achieved significant growth over the past year, partnering with over 40 new hospital clients, including facilities across Allina Health, CommonSpirit Health, and Emory Healthcare, expanding its software solutions into the inpatient setting, launching new features including its experience management and lab results tools, and adding seasoned industry veterans in technology and health to its teams.
Company: Vital Software Inc.
Raised: $24.7M
Round: Series B
Funding Month: March 2023
Lead Investors: Transformation Capital
Additional Investors: Threshold Ventures and Aaron Patzer
Company Website: https://www.vitaler.com/
Software Category: Modern Emergency Department Software
About the Company: Founded by Aaron Patzer and Dr. Justin Schrager, Vital is a modern software for hospitals that makes it easier to communicate with and engage patients in their care. Using artificial intelligence (AI) and natural language processing (NLP), Vital educates and empowers patients during their emergency department and inpatient visits. Patients can better understand their progress towards discharge, request service, and comfort items, set goals, view labs, share their health status with family, and more. Vital solutions are designed to be easy to use and consumer-focused—all accessible via a patient's mobile phone and available with no download or password required. Vital improves patient satisfaction, keeps patients in-network, and generates additional revenue for health systems. Vital is HIPAA-compliant, and cloud-based software that sits on top of any existing electronic health record system (EHR): Epic, Cerner, Meditech, and more.
Source: https://info.vitaler.com/seriesb