Company Info

Name: Swift Medical

About

Driven by a global diabetes pandemic and rapidly aging population, wound care is one of the most pressing issues facing healthcare providers today. More than 6.5 million North Americans are afflicted with chronic wounds. Today, 95% of facilities use paper rulers coupled with paper-based tracking in order to record wound care treatments. With an average error rate of 40%, these traditional methods result in inaccurate and incomplete patient results, leaving clinicians with a lack of understanding regarding the efficacy of daily wound treatment.

Swift Medical has developed a smartphone app that allows physicians to precisely measure, monitor, and track a patient’s chronic wounds. Wound care clinicians can securely share images through their mobile device, keeping an entire wound care team up to date on patient progress.

Market Need

Driven by a global diabetes pandemic and rapidly aging population, wound care is one of the most pressing issues facing healthcare providers today. More than 6.5 million North Americans are afflicted with chronic wounds; pressure ulcers alone are the cause of death for approximately 60,000 Americans annually, and the cost of treating these ulcers ranges from $500 to $70,000 per person.

Today, 95% of facilities use paper rulers coupled with paper-based tracking in order to record wound care treatments. With an average error rate of 40%, these traditional methods result in inaccurate and incomplete patient results, leaving clinicians with a lack of understanding regarding the efficacy of daily wound treatment.

Without accurate, real-time data, managers cannot tell if their wound care program is becoming more or less effective over time, and administrators cannot assess whether or not risk is being appropriately managed.

Members