RightCare Solutions Raises $1.75M Series A Financing Round
PHILADELPHIA, Oct. 10, 2012 /PRNewswire/ — RightCare Solutions, Inc., an evidence-based technology organization specializing in hospital discharge planning and readmission management, today announced it has secured Series A venture capital financing, led by Compass Partners, LLC and Domain Associates, LLC. The new funding will permit RightCare to further develop its unique Discharge Decision Support System Platform and expand early market adoption.
“RightCare is uniquely positioned to help hospitals identify and avoid unnecessary readmissions,” said Richard Perlman, partner at Compass Partners L.L.C. “RightCare is able to offer expert-derived tools leveraging a decade of academic research in an exciting software platform to help reduce hospital readmissions and improve patient care.”
“We believe RightCare is in a strong position to capitalize on the rapidly growing need for information technology solutions and workflow tools to improve patient care and reduce costs for hospitals,” said Dennis Podlesak, partner, Domain Associates. “The RightCare platform is driven by strong science and clinical data and can bring meaningful improved outcomes to customers and patients.”
“This funding recognizes our differentiated approach to help reduce readmissions and improve workflow, the strength and dedication of our team, as well as the growth opportunity of our unique software-as-a-service business model,” said RightCare Co-founder & CEO Eric Heil. “With this financing, we’re well positioned to expand our team and extend the reach of our product offering to hospitals across the country.”
About RightCare Solutions, Inc.
RightCare Solutions believes that evidence-based technology can empower nurses, discharge planners, and case managers to revolutionize the discharge planning process. With our proprietary Discharge Decision Support System, D2S2, hospitals, insurers, and homecare agencies improve the quality of care for patients while alleviating the devastating toll that 30-day readmissions exact on the healthcare system. Based on a decade of research conducted at the University of Pennsylvania School of Nursing, the D2S2 platform enables continuous point-of-care decision support, optimizes workflow, and dramatically improves post-acute care transitions.
Visit www.RightCareSolutions.com or follow-us on Twitter at @TeamRightCare to find out more.
About Compass Partners
Compass Partners, L.L.C., founded in 1995 by Richard Perlman is a merchant banking and investment advisory firm. The firm has a diverse group of investments, but since its inception, has had a dominant focus on healthcare and healthcare information services. Compass is located in New York City.
About Domain Associates
Founded in 1985, Domain Associates, L.L.C. is a venture capital firm with an exclusive focus on life sciences. Domain is headquartered in Princeton, NJ with a second office in San Diego, CA, and has an investment portfolio comprising some 80 companies.
Eric Heil, Co-founder, President & CEO
SOURCE RightCare Solutions