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| Dileep Raman and Dhruv Joshi |
With this round of funding Cloudphysician looks to expand its critical care footprint globally, develop adjacent solutions and grow its commercial, medical, technology and data science talent
Cloudphysician today manages ICUs in over 40 hospitals and has treated more than 30,000 critically ill patients
Cloudphysician today manages ICUs in over 40 hospitals and has treated more than 30,000 critically ill patients
Cloudphysician, a healthcare and technology solutions provider focused on affordable and quality critical care, has raised $4 Mn Pre Series A funding from Elevar Equity. Founded by Dr. Dhruv Joshi (Pulmonary and Critical Care Specialist; American Board of Internal Medicine) and Dr. Dileep Raman (Pulmonary, Critical Care Medicine and Sleep Medicine Specialist; American Board of Internal Medicine), Cloudphysician is on a mission to tackle the problem of unavailability of skilled critical care specialists in remote locations in India and emerging markets. With this round of funding, Cloudphysician will expand its global footprint and invest in commercial, medical, technology and data science talent.
Collaborating with Cloudphysician gives hospitals access to their robust team of highly experienced intensive care experts and their proprietary ICU management cloud platform, RADARTM to manage critically ill patients remotely and in real-time. This exponentially improves the level of care and quality that hospitals can provide for patients.
Dr. Dhruv Joshi, Co-founder, Cloudphysician, said, “Access to quality critical care cannot be solved with just a digital platform or hiring an ICU consultant (or intensivist), rather, it needs a holistic solution combining both clinical expertise and technology tailored to the respective hospital environment. Cloudphysician’s approach is based on hundreds of hospital visits across the world and promises to alter the existing paradigm by delivering outcomes for patients, championing the needs of caregivers and driving strong return on investment for our partner hospitals. We are delighted to have the backing and support of Elevar Equity on this journey of expanding critical care access globally."
Sandeep Farias, Founder & Managing Partner, Elevar Equity, shared, “At Elevar, we look to back entrepreneurs building innovative distribution models that can dramatically expand the reach of essential products and services to the mass market. Cloudphysician’s tele-ICU services and proprietary tech solution make timely access to quality critical care a reality for people in Tier 2 / 3 cities, rural India and beyond. Dhruv and Dileep are passionate founders who lead a committed crew of medical experts, technologists, researchers and data scientists. We are excited to be equity partners in this journey.”
The Indian arm of Cloudphysician manages ICUs in over 40 hospitals in 15 states and has treated more than 30,000 critically ill patients since 2017. Cloudphysician has been successful in empowering the unsung frontline heroes during the pandemic as well, treating more than 5,000 COVID-19 cases.
“At Cloudphysician, we are building the world's most accessible critical care technology and service network, and are thrilled to partner with Elevar Equity to realize this shared vision of access, quality, and impact — at scale. To date, we have successfully equipped healthcare providers with advanced adult critical care support in not only multi specialty hospitals but also medical and surgical focused single specialty hospitals spanning oncology, maternity, gastroenterology, nephrology and additional clinical disciplines, and will immediately expand to pediatric and neonatology critical care offerings.” added Dr. Dileep Raman, Co-founder, Cloudphysician.
In its journey so far, Cloudphysician has already unlocked up to 50% increase in revenue and 40% decline in mortality rate for client hospitals. Having transformed the highly demanding critical care function, Cloudphysician is partnering with healthcare providers, governments, and experts to realize the larger vision of a highly interconnected multi-disciplinary high acuity care delivery network.
About Cloudphysician
Cloudphysician is a global healthcare technology company that solves the acute shortage of skilled intensivists in the delivery of critical care. The Cloudphysician solution dramatically increases the capacity of intensivists and nurses to care for more critically ill patients in the ICU. This improves patient outcomes and optimizes utilization of hospital ICU services. Critical care specialists use our proprietary smart-ICU management platform, RADAR™, to oversee ICU patients 24/7. Combining the use of cloud technology and physician-led clinical service, Cloudphysician provides greater access to quality critical care, saving lives. Located in Singapore and Bangalore, Cloudphysician started operations in 2017. To learn more, visit us at www.cloudphysician.net. If you’d like to engage, write to info@cloudphysician.net.
About Elevar Equity
Elevar Equity has been at the forefront of impact investing since 2006. To address issues of access and inequity, Elevar invests early growth capital in entrepreneurs and businesses that demonstrate a direct correlation between high impact and returns. The Elevar Method of investing has democratized essential products and services for over 40 million low income households in India and Latin America, and catalyzed billions of dollars of capital into 40+ companies. For further information, please visit https://elevarequity.com.