The Wound Company, Inc.

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The Wound Company: On-Demand Wound And Ostomy Care Delivery Company Raises $4.25 Million

By Dan Anderson (Pulse 2.0)

The Wound Company – a multi-channel on-demand wound and ostomy care delivery company that improves patient outcomes – announced its launch from stealth with $4.25 million in seed funding from Susa Ventures and Sozo Ventures. This funding round will be used to expand the company’s national footprint, hire top talent, and continue improving health outcomes in the most cost-effective way possible while bringing dignity to the over 13 million people in need of improved wound and ostomy care.

The US has been experiencing an amputation epidemic due to diabetic foot ulcers and other serious wounds. And despite medical advancements, Americans are amputating double the number of limbs today than during the Civil War. Around 50% of lower extremity amputations would have been preventable if patients with type 2 diabetes and foot ulcers had access to better healthcare. This issue is one of the problems The Wound Company is solving for. Providers often need more wound care expertise or (due to understaffing) do not have time to offer comprehensive care continuously, leaving patients to figure it out on their own. This leads to wound care patients returning to the hospital due to improper wound care. But this can be prevented.

The Wound Company is aiming to fix the broken space of wound and ostomy care by using predictive analytics and multi-channel communications to deliver the right wound and ostomy care to the right patient in the right channel at the right time. And the tech connects patients and providers to wound and ostomy experts virtually or via in-person visits to ensure they have top-tier care.

Read on for the full story.

Source: Axios // See original post here.