The Wound Company comes out of stealth, raises $4.25 million

By Steven Loeb (VatorNews)

The company works with health plans and providers to offer in-person and virtual wound care services.

Americans are amputating double the number of limbs today than they were during the Civil War, including nearly 160,000 legs over the past year due to diabetic foot wounds. However, at least half of those amputations could have been prevented, meaning nearly 80,000 people are now disabled due to a diabetic foot wound that was poorly serviced.

Nima Ahmadi had this happen in his own family, which is what led him to found The Wound Company, an on-demand wound and ostomy care delivery company that improves patient outcomes, which announced its launch from stealth with $4.25 million in seed funding on Thursday. 

"The existing wound care establishment is ripe with abuse and overutilization, there is a shortage of qualified, experienced experts in-home care agencies and nursing facilities, the majority of wound care today is delivered in physical facilities that introduce barriers to care, and nobody is proactively and continuously following patients through their healing process based on evidence-based, individualized treatment plans," he told VatorNews. 

Read on for the full story.

Source: Axios // See original post here.