Keona Health Raises $2.5 Million in Series A Funding Investment.
A healthcare software and automation solutions startup, named Keona Health, has recently raised a total of $2.5 million in a Series A funding round.
“Keona Health’s software tools are aimed at providing relief for what is widely recognized to be one of the biggest pain points in medicine today, patient call support,” said Oakkar Oakkar, CEO of Keona Health.
At the moment, the average U.S. medical practice receives 100-200 phone calls per day for each medical provider. With each triage call estimated to take as long as 10-15 minutes, a clinic with up to three medical providers may spends as many as over 2,500 hours each year when it comes to answering these phone calls. Studies have shown that Keona Health’s Online Health Advice application has allowed nurses to spend less then 43 percent of their times on phone calls while still offering efficiant triage and accurate diagnoses.
“[Keona’s] approach improves response time, reduces cost, and increases patient and staff satisfaction,” says Dr. John Thorp, Chair of the Department of Women’s Ambulatory Care at the University of North Carolina and a client of Keona Health. “Their service has the potential of becoming the standard of care for phone triage in ambulatory care around the world.”
During testings that used the Online Health Advice application, patients can go clinic’s website, patient portal, or call in to complete their health history through an intelligent, automated interview process. A nurse will then review the patients complaints and respond back to the patient as soon as they possibly can.
“I’m greatly encouraged by news of Keona securing Series A funding, reflecting years of hard work and validating Keona’s prospects for significant future growth,” said Jim Kitchen, entrepreneur in residence at Kenan-Flagler business school and founder of UNC’s Venture Lab. “They are one of Chapel Hill’s success stories and I couldn’t be more proud of Oakkar, Stephen and their team.”
The Online Health Advice solutions allows any number of nurses or physicians to triage simultanesly, access to the system from any web-enabled device, and save triage encounters into the patients medical record. Utilizing automation and software tools. medical providers can triage even more efficiently, spending even more time on checking their patients, and creating more revenue.
“Keona Health is leading technology transformation in healthcare,” said Ted Zoller, Director to the Center for Entrepreneurial Studies at UNC, senior fellow for the Kauffman Foundation, and angel investor to Keona Health. “The company’s value proposition is enormous and only dwarfed by the market’s potential growth.”
“We are fortunate to have received strong support from the Research Triangle Park business and technology community,” says Keona cofounder and professor of Information Science at UNC-Chapel Hill, Javed Mostafa. “Keona’s DNA is from RTP and it will always be linked to this origin.”
“At the end of the day,” says Oakkar, “patients are the real winners here. They get responsive and personalized care advice, anytime and anywhere.”