Recare, whose SaaS platform facilitates an easy and effective patient transfer from hospitals to care providers, has secured €3.2 million to expand its marketplace for digital discharge management in Germany. The new capital comes from a new capital round from existing investors as well as a €2 million loan arranged by Gilion, who enables technology companies to grow via access to funding and forecasting.
The funding allows Recare to focus even more on introducing its digital discharge management solutions to improve patient aftercare processes at a crucial moment in the digital transformation of the German healthcare system. This is because the final phase of the implementation of the Hospital Future Act (Krankenhauszukunftsgesetz/KHZG), which obliges hospitals to digitize and thus improve their efficiency, makes the penetration of the discharge management market a top priority.
Recare is on a mission to reshape discharge management and make hospitals save valuable time and costs by using technology and innovation to empower the healthcare industry to focus on what really matters: patient care.
“We refuse the status quo of the healthcare system in Germany, or even Europe, where filling, scanning and faxing dozens of forms every single day for patients is still the norm,” said Maximilian Greschke, founder and CEO at Recare. “We believe making processes faster and more secure with the help of technology is the key for positive impact in the healthcare system and ultimately helps healthcare professionals to focus on treating patients, not paperwork.”
After launching in 2017, Recare has quickly become one of the leading platforms for digital discharge management in Germany, acting as a neutral marketplace, and giving hospitals the opportunity to find care providers for their patients with aftercare needs. The marketplace today connects 700 acute hospitals, 650 rehabilitation clinics as well as 24,000 further care providers, medical suppliers and homecare companies. More than 300.000 patients have already benefited from faster aftercare thanks to their platform.
“Recare has created a compelling and easy-to-use platform in a complex and regulated environment – marrying great technical ability and first-hand industry expertise,” added Mariam Koorang, General Manager for Germany at Gilion. “The company has and continues to demonstrate robust, sustained, and predictable growth and is also playing a vital part in the efforts to meet the digitization requirements for the health sector in Germany. We are pleased to be able to help finance the company’s next chapter.”
