Bengaluru-based health tech startup Cloudphysician Healthcare has raised $10.5 million in a Series A funding round with Peak XV Partners acting as the main investor. The round also included contributions from other Elevar Equity, the earlier investor, and venture debt platform, Panthera Peak.
Global Vision of the Company
Cloudphysician is a full-stack artificial intelligence and operations company founded in 2017 by Dr. Dhruv Joshi and Dr. Dileep Raman. They work with hospitals where they take the responsibility of handling patients in the ICU and emergency trays. Dr. Dhruv Joshi and Dr. Dileep Raman shared their ideas on how the delivery of critical care can be revolutionized across the world. Their goal is to apply artificial intelligence and other sophisticated technologies to guarantee that quality care is available for all consumers irrespective of their geographical locations.
Image Source: LinkedIn
Smart-ICU Service
Cloudphysician applies Artificial Intelligence in the ICU with its Smart-ICU service. Care Center’s digital platform helps over 200 hospitals in 23 Indian states to offer super-specialized and individualized care with constant telemonitoring.
Impact and Investor Perspective
Cloudphysician’s approach brings up to 40% improvement in ICU mortality rates in the partner hospitals. The company now attends to over 100,000 patients, which proves its adherence to quality critical care.
Speaking on the occasion, Mohit Bhatnagar, Managing Director at Peak XV, talked about how Cloudphysician was helping in dealing with diseases such as cancer and heart disease. It is significantly India-focused in its business proposition and can become the first independent scaled business in the world for the same.
Vision and Mission of Cloudphysician AI
Cloudphysician Healthcare as a healthcare company has a vision and mission that has been clearly stated. The idea behind Cloudphysician is to ensure that critically ill patients gain access to quality care no matter the place they are in. They believe in enhancing the delivery of healthcare more by the use of technology to increase access to care. It is to transform critical care by integrating cutting-edge technology paired with clinical excellence and ease of use. They are aimed at developing systems that enhance the capabilities of medical teams, facilitate faster and better decision-making in clinical environments, increase productivity, and guarantee the highest level of patient care.
Cloudphysician’s AI work in ICU management
Cloudphysician Healthcare utilizes its unique technology called RADAR to transform ICU operations. Cloudphysician converts traditional ICUs into Smart ICUs. The network of hospitals is virtually attended by specialized doctors and nurses for round-the-clock inner care units. ICU patients require strict observation and are provided with technical and medical interventions as appropriate in their situations.
RADAR links Care Centers manned with trained critical care professionals with the ICUs physically. These specialists have employed RADAR to track and care for patients as needed and to implement the most effective protocols as necessary around the clock. It also makes the quality of care better through the use of Artificial Intelligence and real-time data analytics.
Such a strategy has proved to reduce ICU mortality by up to 40% as adopted by Cloudphysician. Their knowledge has assisted in saving people, rectifying mistakes, and helping hospital teams in emergency circumstances. Smart ICUs from Cloudphysician: Technology, human capital, and ongoing monitoring for optimization of critical care patients.
Conclusion
Cloudphysician’s focus on applying AI to critical care demonstrates its dedication to using technology to enhance patient outcomes and save lives. With this new capital, the firm is ready for continued improvement and penetration into new and more developed markets as well as the United States.
Disclaimer – We have collected this information from various trustworthy sources on the Internet, and the facts have been checked manually and verified by our In House team.
