Home MedTech & BioTech Awell Health raises €2 M in funding

Awell Health raises €2 M in funding

Belgian Startup

Awell Health raises €2 M in funding
Awell Health raises €2 M in funding

Belgian healthcare technology or HealthTech startup, Awell Health has raised approximately €2 M in a funding round held in September 2020, led by LocalGlobe along with participation from Moonfire.

Funds raised will be used by Awell Health to introduce exclusive collaborations and productivity tools to the healthcare industry.

Awell Health
Awell Health

Founded in 2018, Awell Health enables healthcare agencies to build, execute and frequently update care pathways to improve patient results. Its software is used for digital care pathways, patient-reported outcomes, value-based healthcare and remote patient monitoring. The startup places faith in the fact that the focus needs to be on restructuring largely paper-based and disorganized processes, in contrast to public opinion and many new contenders in the digital health space emphasizing that data is the answer to resolving the healthcare crisis.

Thomas Vande Casteele, co-founder and CEO of Awell Health claims that as customers, we are directed to believe that the healthcare industry has rapidly changed, with the reporting of revolutions in robotic surgeries, new treatments, apps, and wearables. In spite of all this, the way healthcare delivery is planned has changed very little.

Healthcare agencies have in the past used tools like text-based PDFs to create and execute complex rules, clinical protocols and care pathways. All of this makes the path of advancement from evidence to implementation extremely slow.

Awell Health
Awell Health

COVID-19 has worsened this problem, signifying the need for faster updating, as well as easier broadcasting and implementation of patient protocols and care pathways as new understandings come from studying and treating the virus.

Coronavirus
Coronavirus

When the COVID-19 pandemic commenced, Awell Health launched a COVID-19 pathway based on international guidelines in a matter of days which has since been used by more than 50K people.

Thomas Vande Casteele further added that innovating present care procedures to replicate the latest clinical visions continues to be an old, slow and bulky process. New pieces of evidence are generated at a rapid pace, yet it takes eternities to get them implemented and included in the healthcare ecosystem. He cites the Netherlands as an example stating certain rules over there have a maximum validity of five years before they should be reconsidered, but in reality, we see many rules and guidelines older than five years old. The truth is they should be updated much more regularly as clinical research keeps on getting published, a phenomenon that has been rising exponentially in recent years. He concludes by saying that the existing solutions are not built to support these complex needs.

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