Healthcare Company Vital Raises $24.7 Million For AI-Powered Solutions

Vital has secured $24.7 million in Series B investment for its AI-powered healthcare solutions.

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Vital said in a press release on Friday (March 24) that the company helps hospitals better communicate with patients by providing solutions that are accessible via the patient's mobile phone and allow them to see their progress toward discharge, request service, share their health status with family members, and perform other tasks.

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According to Vital CEO Aaron Patzer, "Our appealing and intelligent software keeps patients interested and informed while automating chores for employees who manage emergency departments and inpatient stays." We will increase the effect of our technology for patients, families, and professionals thanks to this financing.

According to Trade Algo research, the rapid digitalization of healthcare services offers patients new options to get, use, and pay for medical treatment.

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According to "Accessing Healthcare: Reducing Digital Friction in the Patient Journey," a Experian Health partnership, 61% of patients who stated they are interested in utilizing portals also said they would move to a healthcare provider that offers one.

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According to the survey, this is one example of how digitally aware customers have been empowered by their capacity to increasingly communicate with healthcare providers via digital channels and now demand a seamless experience throughout their patient journey.

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Vital intends to utilize the fresh funds to grow its crew and add new capabilities to its software. According to the press release, it intends to assist 100,000 clinical tasks for emergency department (ED) and inpatient visits this year.

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According to the statement, the firm has worked with 40 new hospital clients in the last year, expanded its solutions into the inpatient environment, released new features, and increased its personnel.

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Transformation Capital led Vital's most recent investment round.

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"With consumer-grade software and artificial intelligence led by Mint.com founder Aaron Patzer, Vital has proven its ability to break down information silos, connect and engage with patients to deliver a superior experience, and reduce clinician burden across the ED and inpatient settings," Transformation Capital Managing Partner Todd Cozzens said in a statement.

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