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Quro Medical, a South African health tech startup that has created Africa’s first technology-driven hospital at home offering, has secured an undisclosed seven-figure USD amount of funding in a seed round led by Enza Capital and Mohau Equity Partners.
Quro Medical is a South African health tech startup that has created Africa’s first technology-driven hospital at home offering
According to the healthtech startup, the funding will be used to accelerate the growth of the businesses.
Mike Mompi, Partner at Enza Capital attributes the investment made into the healthtech startup to its unique offering that goes beyond traditional telemedicine and in-hospital treatment.
“As our collective healthcare systems struggle to care for patients beyond the walls of a hospital, which we’ve seen exacerbated with the onset of the Covid-19 pandemic, remote patient monitoring, and healthcare delivery will undoubtedly form a core part of the lasting solution. Vuyane, Zikho, and the exceptional Quro Medical team are redefining how world-class healthcare is delivered across Africa.”
Founded in 2018, Quro Medical is a healthtech startup that aims to provide affordable and high-quality healthcare solutions to South Africans.
With a focus on a digital-first approach, the healthtech startup is currently building Africa’s largest virtual hospital ward with a focus on providing premier healthcare at a lower cost.
Quro Medical claims that its platform reduces the cost of healthcare delivery by utilising real-time and data-driven clinical interventions as opposed to traditional healthcare approaches.
Dr. Vuyane Mhlomi, Quro Medical’s Co-Founder and Chief Executive Officer explains that the key drive behind its offering is the technology employed within the startup.
“We are focused on saving lives and enhancing patient care. The technology is the enabler, making all of this possible. This investment will enable us to accelerate our growth and meet the increased demand from our clients.”
Affordable healthcare at home
The global pandemic has placed severe strain on hospitals and Africa’s healthcare landscape, with excessive demand, limited bed capacity which in turn hinders patient treatment and recovery as the overall outcomes.
Zikho Pali, Quro Medical’s Co-Founder and Chief Operations Officer highlights that there has been a dire need for an innovative approach to the problems faced in treating acute patients in South Africa.
“The healthcare sector across the globe has experienced extreme pressure and strain caused by the COVID-19 pandemic and desperately needs digital solutions to ease many of the problems experienced in it.”
With this in mind, Quro Medical has reported that research has indicated that acute patient care at home has the ability to result in better clinical outcomes, lower costs, and an overall improved patient experience.
“Quro Medical’s affordable and accessible solution combines state-of-the-art hardware and software and clinical excellence to manage acutely ill patients in the comfort of their homes,” explains Quro Medical.
The healthtech startup enables effective homecare treatment by incorporating clinical data and remote healthcare monitoring tools to provide effective treatment to patients.
“Apart from the high and continuously escalating costs, traditional brick and mortar hospitalization carries with it the risk of hospital-acquired infections that can be resistant to antibiotics and have serious consequences for vulnerable patients,” adds Pali.
Featured image: Quro Medical team (Supplied)