With $4.25M capital infusion, startup aims to make dent in at-home wound care market

By Liza Berger (McKnights Home Care)

The Wound Company, a new 25-employee company that serves patients at home, has a target market: the millions of people who need wound care in the United States.

“We believe that the wound care industry is broken in that there are 13.5 million people who suffer from wounds annually by the most conservative estimates, and we’re spending about $45 billion on this problem but outcomes are getting worse,” co-founder and CEO Nima Ahmadi recently told McKnight’s Home Care Daily Pulse. “Last year we amputated 158,000 limbs just because of one kind of wound, which is the diabetic foot ulcer.”

Capital infusion

Ahmadi, an entrepreneur and bioengineer by training, and his co-founder and Chief Medical Officer Sanford Roberts, MD, are hoping to take a bigger crack at this market thanks to a recently disclosed $4.25 million cash infusion led by Susa Ventures and Sozo Ventures.

The company, which provides a combination of virtual and in-person visits, believes it can fill a niche in three problem areas. These are: the limited amount of wound care experts available, made worse by the staffing shortage; the lack of care coordination when a person leaves a wound care center and goes home; and the fee-for-service incentive system, which prioritizes advanced treatments like hyperbaric oxygen and skin substitutes.

Read on for the full story.

Source: Axios // See original post here.