An upstart digital health company based in Missola said Friday it had completed its seed round of funding and plans to hire five employees in the next 60 days.
PatientOne, Inc. has developed a platform to improve the surgical episode of care and provide remote patient monitoring services to independent surgeons, surgery centers and hospitals.
In a financial statement issued on Feb. 1, the company said the funding round follows its completion of the competitive BoomTown HealthTech Accelerator program held last May in Boulder, Colorado, along with Blackfoot Technology’s new C2M innovation lab in Missoula in January.
John O’Connor, one of PatientOne’s three founders and the practice administrator of Five Valleys Urology in Missoula, said the firm aims to “reduce risks, communication errors and complications surrounding the surgical process, while creating greater efficiencies for patients and medical providers alike.”
“The company has developed proprietary methods for providing comprehensive patient education, automated notifications, and reminders to keep patients on track, and tools to allow patients and their doctors to stay connected, increasing patient safety and reducing unnecessary hospital re-admissions, while improving the doctor’s bottom line,” the firm said in its funding statement.
PatientOne is led by local healthcare executives Conner, Jeff Fee, who formerly served as the CEO of the Western Montana Region for Providence Health, and Erik Guzik.
“We are very excited about the future of our company and the opportunities this funding allows,” said Fee. “To be supported by these top-flight investors in our early stage is an enormous advantage and the knowledge they possess is invaluable to our team”, stated Fee.
The series seed round of investment is led by Dundee Venture Capital of Omaha, and Revolution’s Rise of the Rest Seed Fund.
Dundee invests in early-stage tech founders across the Midwest and other underserved markets, while Revolution makes early stage investments in companies outside of Silicon Valley, New York, and Boston.
Other investors in PatientOne’s seed round include Next Frontier Capital of Bozeman, Goodworks Venture fund of Missoula and Service Provider Capital of Golden, Colorado.