Real Time Medical Secures $10M Funding to Advance Real-Time Healthcare Feedback Platform

VCBeat (WeChat Official Account: vcbeat) has learned that Real Time Medical, a U.S.-based developer of real-time healthcare systems, recently announced the completion of a $10 million financing round. Investors included SunBridge Capital Management, as well as several other private and strategic investors.

According to the official website of Real Time Medical Systems, the funds from this round of financing will be used for the research and development of a real-time feedback system for medical information.

Real Time Medical is a developer of real-time healthcare systems headquartered in Maryland, USA, founded in 2011. The company’s Real Time platform enables healthcare providers to access users’ electronic medical records (EMR) from nursing homes or communities at any time, facilitating timely monitoring of patients’ health status and allowing providers to offer corresponding recommendations.

Real Time Medical has stated that traditional information feedback systems suffer from numerous issues in data collection, particularly the time lag in healthcare providers’ access to user health data, which prevents them from assessing users’ most current health status. For users with limited financial means, although hospital visits enable timely feedback from physicians, the substantial financial and time costs impose a significant burden. According to foreign media reports, the monthly service fee for Real Time’s real-time medical feedback platform ranges from $500 to $800.

“With user authorization, our platform enables healthcare professionals to monitor subtle, recent changes in a patient’s physical condition. For instance, if a user with a history of heart failure experiences discomfort, data recorded at their nursing home or community health center will be displayed in real time to the relevant medical staff, allowing them to provide timely and specific recommendations for medical consultation or rest,” said Rifkin, CEO of Real Time Medical Systems.

Rifkin is an outstanding management professional. From 2003 to 2017, Rifkin founded and operated 21 Mid-Atlantic Health Care chain locations in Maryland and Pennsylvania.

The Real Time platform currently covers 500 communities and 30 hospitals, serving approximately 60,000 users. Rifkin stated to the media that the current hospitalization rate among users of the Real Time platform is significantly lower than the U.S. national average.

“We are highly optimistic about Real Time Medical Systems, a high-tech company characterized by innovation and collaboration. In the future, SunBridge Capital Management will continue to monitor and support Real Time Medical Systems. We believe that this partnership will foster deeper mutual understanding and recognition of each other’s corporate cultures,” stated SunBridge Capital Management officially.

SunBridge Capital Management is an investment management firm that focuses on partnering with high-caliber management teams and primarily invests in companies aiming to become industry leaders. The firm has completed a total of two investments to date.

(Compiled by Hu Xuan)