Elemeno Health Closes Equity Financing
Elemeno Health, the developer of a proprietary solution serving frontline health care teams, announced the closing of a Series A financing. The $7 million round was led by SJF Ventures and joined by new investor SustainVC and several existing investors.
Designed by former nurses for nurses, Elemeno provides clinicians with a unique "playbook in your pocket" for enhancing patient care and executing day-to-day tasks efficiently. The microlearning solutions powered by Elemeno feature content that is accessible, digestible, and customized to each hospital department's preferences. "We help health care organizations support their nurses in the moment with the information nurses care about and need to know," explains Elemeno's founder, Dr. Arup Roy-Burman. "This information can range from real-time refreshers on high-impact procedures down to nitty gritty details like the location of specific items in a supply room. Our solutions also act as an information hub, allowing provider organizations to frequently update clinicians on changing protocols, policies, and departmental matters, while at the same time empowering nurses to easily acquire knowledge, share gratitude, and send feedback to leadership."
The equity financing takes place at a time when frontline medical staff are under duress and healthcare providers are seeking more robust tools to support them. "Even before the pandemic, hospitals and other health care providers were already struggling with nursing staff shortages and a workforce that has become more flexible and temporary in nature," notes SJF Ventures managing director Arrun Kapoor. "There has been surprisingly little technology innovation to help nurses perform their jobs nimbly and effectively. COVID-19 and the associated stress on the system have put an additional spotlight on this innovation shortage."
Elemeno's offering has demonstrated results in health care systems nationally. Elemeno-driven improvements in nurse engagement have been associated with an increase in nurse satisfaction and a decrease in turnover by up to 50%. Microlearning has replaced up to 90% of the in-person interactions required for competency verification and shortened time-to-value for travelers and new hires. Improved consistency of care has resulted in decreased medical errors and hospital-acquired conditions by up to 75%.
Elemeno Health provides a cloud solution that helps health care systems empower frontline staff with hyper-localized bite-sized support (how-to video, interactive decision guides, latest updates) specific to each team's workflows and resources. As a "playbook in your pocket," Elemeno makes best practices accessible and consumable just-in-time, on any device, driving the consistent delivery of high-quality care. Elemeno is deployed in major health systems nationally, including UCSF Health, El Camino Health, LCMC Health, and OSF HealthCare. Elemeno is winner of the American College of Emergency Physicians' 2021 Emergency Medicine Innovator of the Year. Learn more at elemenohealth.com.
Session Details TBA
IoT Evolution Expo #TECHSUPERSHOW Expo Hall Grand Opening
Session Details TBA