The Portuguese startup company knok wants to break into the EU market with a telemedicine platform – and has received €4.4 million from the NOS 5G Fund.

As EU-Startups reported, the healthtech enterprise will invest the fund into further development of its 5G-enabled telehealth solutions.

WHY IT MATTERS

Founded in Porto in 2015, the company’s innovative telemedicine platform is based on the new mobile phone standard 5G, which allows real-time communication between doctors and patients, up to 10 times faster than 4G.

Hospitals, healthcare organisations and insurers can use the fully integrated 5G platform to ensure reliable access to healthcare, especially in remote regions. For example, video-consultations, AI-based tools for remote patient monitoring as well as medical data exchange are supported.

Medical data and documents can be shared easily and securely between patients and their practicioners as well as between professionals at different locations using 5G. Furthermore, an SaaS approachis also a special feature of the platform

THE LARGER TREND

The 5G-enabled telemedicine solution has already established itself as market leader in Portugal and is actively deployed at 30 facilities in 12 countries worldwide, including Spain and South America.

The founders of knok are now planning to expand into the market, initially in Italy, France and the Benelux countries.

ON THE RECORD

Jose Bastos, CEO and Co-Founder of knok, told MobiHealthNews: “Our platform is unique because it captures more than 30 clinical data points for every video-consultation. It delivers a fully integrated patient journey, including AI triage, web scheduling, online payments, vital signs readings without devices, electronic health records and health assessment surveys to monitor patients’ health to act preventively. This generates a lot of value for all stakeholders, namely hospitals and insurers.

“Ultimately, providers can deliver effective care, increase patient satisfaction and engagement levels; and payers can reduce the cost of care through management of chronic conditions and prevention through early detection.”