LiveHealth Raises $1.1 million from Nexus Venture Partners
LiveHealth, a diagnostic lab workflows digitising company has raised a seed round of $1.1 million from Nexus Venture Partners. To expand its platform across India, explore international markets and to strengthen the product and technology will be the key utilization areas from the funding.
LiveHealth digitises records from diagnostic laboratories through its SaaS platform and makes them available on the cloud for patients and doctors.
With more than 650 diagnostic centres across India and Africa, LiveHealth works to automate the operations, to manage patients, financial transactions, automation between medical instruments, and inventory. It gives them actionable insights to drive revenue and profitability and also simplifies information exchange with other healthcare providers.
Abhimanyu Bhosale, CEO, LiveHealth said, “Our focus is on addressing the tech gap in healthcare and enable interaction among all stakeholders. This also helps us gather huge amounts of data to generate insights and models to improve health care outcomes."
The platform has digitised more than 72 million records and is delivering over 50,000 digital medical records to doctors and patients every day. Doctors and consultants get access to their patient records using a mobile application. Patients can use the Livehealth app to understand reports, analyse past health data, and monitor their health using health trackers, both for themselves and their family, even remotely.
Sandeep Singhal, managing director, Nexus Venture Partners said, “More than 80% of clinical decisions are made with the help of lab and diagnostic tests, LiveHealth has chosen to transform the diagnostic industry first and then extend its offerings to other medical areas.”