March 4, 2019
Real Time Medical Systems Raises $10M to Accelerate Growth with Health Systems and ACOs
Healthcare interventional analytics company connects hospitals with nursing homes, reducing unnecessary hospital readmissions by up to 60%
Baltimore, MD – Real Time Medical Systems (RTMS), a healthcare interventional analytics company serving health systems, nursing homes, insurers, and ACO’s today announced the completion of a $10M equity funding round. The round was led by SunBridge Capital Management and included other healthcare and technology investors including TCP Venture Capital. The funds will be used to fund growth in sales, marketing, technology, and personnel.“We are thrilled to have the trust of well-respected investors with significant health care experience as we continue our rapid growth,” said Scott Rifkin, M.D., Founder and Executive Chairman of Real Time Medical Systems. “Before Real Time, health systems were dependent on data that was as much as a year old. Real Time provides both the hospital and the nursing home with immediate, actionable data directly from the patient’s electronic health record that results in better care and outcomes for the patient, and better financial performance for both the hospital and the skilled nursing facility.”Real Time Medical Systems was advised by boutique investment banking firm SC&H Capital (Ellicott City, MD) and the legal team of Holland & Knight LLP (Stamford, CT).
About Real Time Medical Systems
Real Time Medical Systems’ software leverages data sourced directly from a skilled nursing facility’s existing EHR software and synthesizes the information into actionable prompts and dashboards. These clear, data-driven analytical insights enable health systems to proactively improve patient outcomes and reduce readmissions from their skilled nursing network. Real Time also delivers interventional insights to clinical decision makers and care providers at skilled nursing facilities, ensuring quality care improvements and appropriate reimbursement for the care provided.
Real Time was founded in 2011 by Dr. Scott Rifkin, who currently serves as Executive Chairman. The company is led by an experienced management team including CEO Joan Neuscheler, Chief Business Development Officer Gene Huang, and Chief Sales and Marketing Officer Ellsworth Harris. The company has grown by over 250% in the last fiscal year and services over 500 health systems and skilled nursing facilities in 30+ states. For more information, visit realtimemed.com.
Ainsley & Co.