MedQ, a London-based healthtech startup, has secured a seed round of £146K from the London-based SFC Capital (also backed Smart Kiwi) angel investment fund.
With the new funding, MedQ plans to invest in key hires and meet additional clinical regulatory requirements.
“With a background in clinical research and care, I have first-hand experience of the frictions that are holding back the entire healthcare sector from achieving greater efficiency,” said Evelina Balt, MedQ founder.
Uses three-step process to assist healthcare providers
Founded by Evelina Balt, MedQ aims to assist healthcare providers in conducting patient assessments more efficiently by transitioning from paper assessments to remote patient monitoring through a simple digital process.
The company uses a three-step process — Select, Send, and Analyse to help healthcare professionals complete assessments.
“At MedQ, we are building tools to make completing patient assessments a simple three-step process for any type of healthcare provider. We have a fantastic team, user feedback shows we are solving a major problem with significant cost savings, and we are ready to expand.”
The digitisation of patient-reported outcome measures (PROMs) is a significant opportunity for savings and efficiencies for healthcare systems across the UK.
MedQ’s digital approach to PROMs is expected to provide benefits in terms of improved accuracy, timeliness, and efficiency.
The platform is easy to use, with intuitive interfaces that make it simple for healthcare providers to conduct assessments remotely.
By using MedQ, providers can track patient progress and compare the results, use data for annual appraisals or revalidation, inform Care Quality Commission inspection, and promote their service by demonstrating their results.