Telemedicine startup Cloudphysician focused on adult critical care raised $4 milliom in Pre-Series A from Elevar Equity.
Cloudphysician aims to tackle the unavailability of skilled critical care specialists in remote locations in the country and elsewhere in the developing world. Hospitals without critical care infrastructure can access Cloudphysician’s team of highly trained intensive care experts and proprietary ICU management cloud platform “RADAR” to manage critically ill patients that they otherwise couldn’t.
It manages over 40 hospitals in 15 states in India and has treated more than 30,000 critically ill patients since 2017, including treating more than 5,000 Covid-19 patients., claims to have helped client hospitals increase revenue by 50% and decrease mortality rate by 40%.
“At Cloudphysician, we have intentionally created a solution that drops the barrier for adoption,” said Dhruv Joshi in an interview with Inc42. “About 70% of our clients are in Tier-II and Tier-III cities and towns,” he added.
When asked about how much more efficient the platform is when compared to locally deploying healthcare professionals on location, Joshi replied, “Using our technology, we are able to increase the efficiency and productivity of doctors by about four or five-fold currently. A doctor that would have been taking care of ten or fifteen patients can help take care of close to 50 patients on our platform.”