Skilled Nursing News: Real Time Medical Raises $10M to Expand Skilled Nursing Analytics Platform
March 6, 2019
The developer of a software platform that has brought substantial hospital readmission cuts to skilled nursing facilities now has a $10 million cash influx to expand its footprint.
March 4, 2019
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.
August 16, 2018
Baltimore-based software company connects hospitals with nursing homes, reducing unnecessary readmissions by more than 40%
Linthicum, MD – Real Time Medical Systems (Real Time), a healthcare interventional analytics company, today announced a major contract with the University of Maryland Medical System (UMMS).
Real Time’s ProACT HS program will allow UMMS hospitals to better collect, analyze, and act on patient data in real time after the patient has been discharged to a nursing home. This real-time data and actionable analytics have shown to drastically improve patient care and reduce the number of unnecessary hospital readmissions.
Maryland skilled nursing facilities are partnering with a vendor to try and pare back pesky readmissions.
The Columbia-based LifeSpan Network, representing some 330 senior services organizations, announced last week that it is teaming up with Real Time Medical Systems. Member SNFs will receive detailed clinical alerts and recommendations on how to intervene and provide correct care.
Data from the Linthicum Heights, MD, vendor is generated in real time so LifeSpan providers will not have to rely on outdated info from the government. Real Time Clinical, as the product is called, is offered to LifeSpan members at a discounted rate through the partnership. The product gets info from electronic health records, and the company hopes it will enable providers to act quickly before a condition worsens, hopefully preventing unnecessary trips to the hospital.
“This partnership will provide our members and other skilled nursing operators with peace of mind, knowing that their efforts to provide the most effective possible care are based on accurate, real time data,” Kevin Heffner, president and CEO of LifeSpan, said in a press release. “After collaborating with us for many years, Dr. Rifkin has developed this valuable tool, which allows us to access data we were never before able to tap into in this manner. We believe Real Time will make our members and other providers stronger partners in the state’s Total Cost of Care model.”