Calculus Capital, a leading EIS, and VCT institutional investor participated in the investment round led by Gresham House Ventures, a growth equity investor, alongside existing shareholders.
How will the funding be used?
The investment will also enable eConsult to roll out a new e-triage service for Emergency Departments that will identify sick patients earlier, reduce waiting times and save lives.
Further, the funding will be used to support the rollout of the Company’s Urgent and Emergency Care tool, eTriage, and outpatient triage tool, eSpecialist.
It’s worth mentioning that, eTriage is designed to automatically check-in and prioritise patients upon arrival to an Emergency Department, identifying sick patients earlier, reducing the waiting time, and ensuring that any red flags are immediately redirected to the appropriate emergency care.
The eSpecialist on the other hand intends to improve the efficiency of outpatient appointments and allow a joined-up service through primary and secondary care.
Founded by NHS clinicians
Based out of Epsom, United Kingdom, eConsult Health was founded by NHS clinicians. The platform works as a digital gateway to a GP practice, allowing clinicians to determine the right care pathway more efficiently for patients.
It is driven by a proprietary, clinician-led bank of 10,000+ questions produced using evidence-based medicine, NICE guidance, Clinical Knowledge Summaries, and NHS.UK sources.
It efficiently records patient details, case history, symptoms, and provides them to the GP in a concise form. At present, the platform is currently used in over 3,200 NHS GP practices across the UK.
Dr. Murray Ellender, CEO of eConsult Health, commented: “This funding will help us keep pace with the product development we need to support cutting edge health technology across both primary and secondary care. NHS patients deserve an excellent digital experience when interacting with the health service and we now look forward to delivering the transformation needed.”
Henry Alty, Investment Director at Gresham House Ventures said: “At such a crucial moment for healthcare provision, funding the right businesses in this space is more important than ever. The eConsult platform has already proven the power of its clinically-led technology, as the most widely used digital consultation solution and the first choice for NHS GP surgeries.”
Richard Moore, Investment Director at Calculus Capital said: “eConsult is revolutionising healthcare provision in GP practices, and we are excited by their potential to expand into secondary care. Calculus is delighted to be supporting this impressive management team who are passionate about improving the service provided to NHS patients.”