HCI secures funding to ‘transform patient care’

A Newton Abbot-based digital health company is set to accelerate growth and “transform” healthcare delivery with a new investment.

Health and Care Innovations (HCI) has secured a £375,000 equity investment from the British Business Bank’s South West Investment Fund via appointed fund manager The FSE Group.

As part of an £880,000 funding round, bosses at HCI say the investment will “expand the reach” and develop its CONNECTPlus digital health platform and healthcare video library to improve patient education and care, ultimately enhancing efficiency and reducing waiting times.

HCI, which is already working with NHS trusts and healthcare providers across the UK and internationally, aims to “empower patients” to self-manage conditions at home, with the CONNECTPlus platform supporting more than 70 conditions already, while the health and care video library offers over 1000 patient-facing videos.

Richard Wyatt-Haines, HCI chief executive and founder, said: “We too often see people undergoing treatment or suffering from conditions they don’t understand, which increases their anxiety. 

“It also increases the demands they make on the health systems and services around them. 

“It’s not fair, and it’s not necessary. 

“There’s so much more that can be done to help both patients and healthcare workers. 

“HCI is here to do that. 

“Our comprehensive solution empowers patients to take an active role in managing their health and we are delighted to receive this investment.”

Ralph Singleton, head of equity South West at The FSE Group, added: “HCI’s client base already includes more than 20 NHS organisations, multi-national insurance companies and hospitals in European territories. 

“With an experienced team well-versed in NHS programme delivery, and a robust and adaptable solution for complex healthcare challenges, HCI is well-positioned to lead the charge in transforming healthcare delivery.”

The South West Investment Fund offers loans from £25,000 to £100,000, debt finance up to £2 million and equity investment up to £5 million to help smaller businesses access funding.

Jody Tableporter, director at the British Business Bank, added: “The South West Investment Fund was established to support ambitious and innovative businesses like HCI that are harnessing technology to scale their own operations and deliver even greater impact.”

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