Repisodic, maker of a software platform that streamlines hospital discharge decision-making, has raised $1.75 million in a seed funding round led by American Enterprise Group.
WHAT THEY DO
Repisodic patient-facing, HIPAA-compliant tool looks to simplify discharge from care. Rather than having case managers or social workers present patients with packets or pamphlets, the software runs users through their post-acute care and follow-up care options in a way that’s easier for them to follow. This strategy, paired with other post-acute care communication tools, aims to increase patient satisfaction, reduce hospital length of stay and funnel patients toward preferred care networks.
WHAT IT’S FOR
Repisodic plans to use the investment to buff its sales, marketing and technology teams through the first quarter of the new year.
“We have built a technology platform that has categorically changed the way discharge planners manage their day-to-day patient workload with an intuitive and modernized approach tothe process,” Repisodic CEO Mike Cwalinski said in a statement. “Having a partner like American Enterprise Ventures will allow us to strengthen our market position and scale the business, both organizationally and technologically.”
THE LARGER TREND
Digital discharge tools are nothing new, as a handful of providers have successfully implemented these kinds of apps as far back as 2012 and 2013.
With that in mind, Repisodic’s tool also falls into the industry’s broader focus on enhancing the patient experience with technology, whether it be with discharge apps, self-scheduling tools, telehealth, remote care devices or any number of other resources.
ON THE RECORD
“Repisodic is a fantastic add to our ecosystem of solutions supporting and expanding our customer experience,” Julie Pearce, director of Innovative Solutions for American Enterprise Ventures, said in a statement. “We feel the solution fills a gap in our short-term care insurance market and will help transform our interactions with our customers. The company and its founders have the stamina to grow the platform nationwide, and we are excited to be part of that growth.”
