By Robert Barrie (Medical Device Network)

The Wound Company connects providers with wound care specialists to treat patients with chronic wounds in a market currently worth $30bn.

The Wound Company has launched from stealth with $4.25m in backing from Susa Ventures and Sozo Ventures.

The funding will help the company in its aim to fix what it calls a broken industry of wound and ostomy care.

The US-based start-up uses predictive analytics and multi-channel communications in its platform that connects patients and providers with wound and ostomy specialists. Appointments can be conducted virtually or in person.

The telemedicine technology aims to allow patients with chronic wounds access treatments from a range of settings, including at home, hospitals, or long-term care facilities.

The company has developed algorithms to assess individual patients’ risk levels and predict wound healing outcomes. By offering patient and population-level clinical reporting and integrating patient data, the platform should be able to streamline care for chronic wounds – a condition that affects around 2% of the US population.

Read on for the full story.

Source: Medical Device Network // See original post here.