Navenio, the UK healthcare scale-up, has announced a $1.1 million investment from Future Planet Capital to help revolutionise healthcare efficiency worldwide.
The Navenio solution, a spin-out of Oxford University, provides infrastructure-free indoor location solutions, the equivalent of GPS for use indoors, to power a range of apps and platforms in sectors including healthcare. Navenio is tackling the rising cost of healthcare with a tool that can increase workplace productivity by up to 100%, freeing up clinical resources for other high value tasks.
Since the start of the COVID-19 pandemic, Navenio has formed strong relationships with multiple NHS organisations, as well as facilities management businesses and private hospital groups. The scaleup has so far improved inpatient and caregiver experience and transformed service lines of healthcare teams. Plans are set for Navenio to expand further and to ensure that efficiency and patient flow are not impacted at a time where hospitals can expect higher admittance rates.
The investment from Future Planet Capital will help Navenio to not only mitigate infection rates in hospitals, but to roll out its technology to ensure ‘right person, right place, right time’, resulting in an increase in efficiency. The technology will also stop cross contamination of teams travelling from select COVID-19 areas to parts of the hospital that are not treating the virus, a key issue limiting the ability of hospitals to continue other critical operations and procedures.
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