Vector Remote Care
Latest round
- Series A
Last raised
- Apr 2021
Total raised
- $13M
Investors
- 1
About Vector Remote Care
Vector Remote Care LLC, established in 2013, specializes in remote monitoring solutions for cardiac implantable electronic devices (CIED) and heart failure (HF). The company was founded by Kevin Hoffman, who has a history of entrepreneurial ventures.Vector Remote Care specializes in a comprehensive software solution known as the Vector Platform™, which is designed to streamline the management of cardiac implantable electronic devices (CIED) and heart failure (HF) remote monitoring. This platform consolidates and standardizes data from various manufacturers, allowing care teams to efficiently triage device transmissions and manage in-person device checks. By employing a priority scoring system (red, yellow, green), the platform ensures that care teams can focus on the most urgent patient needs first. Key features include SmartReports, which automate report generation with high accuracy, thus reducing the administrative burden associated with remote monitoring. The primary users of this service are healthcare providers, including cardiac device clinics, electrophysiologists, and other medical personnel who require timely, reliable patient data management.Vector Remote Care generates revenue primarily through the subscription model of its Vector Platform™, which may be complemented by service agreements with clinics and healthcare providers. Clients, including hospitals and private practices, engage with Vector’s offerings through tailored partnership agreements that encompass software implementation and ongoing support. The structured transaction model involves regular subscription fees for access to the platform’s features, alongside potential additional costs for premium services such as dedicated technical support and advanced reporting capabilities. Clients benefit from enhanced clinic efficiency and optimized patient engagement, contributing to an improved revenue cycle for their practices. The company plans to utilize these new funds to accelerate its product development, engineering, and patient engagement efforts to enhance its remote cardiac monitoring solutions. Additionally, Vector aims to explore new market opportunities, focusing on expanding its geographical presence across more healthcare facilities in the United States and potentially beyond, improving access to their innovative technologies.
Who invested in Vector Remote Care
1 investor across 1 round
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Funding rounds
Series A
Apr 26, 2021
Amount
$13M
Investors
Questions about Vector Remote Care
Who invested in Vector Remote Care?
Vector Remote Care has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Vector Remote Care raised?
Vector Remote Care has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Vector Remote Care last raise money?
Vector Remote Care's most recent round on record is a Series A, in Apr 2021.
What does Vector Remote Care do?
Vector Remote Care LLC, established in 2013, specializes in remote monitoring solutions for cardiac implantable electronic devices (CIED) and heart failure (HF).
Where is Vector Remote Care headquartered?
Vector Remote Care is headquartered in US.
Which VCs invest in companies like Vector Remote Care?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back healthcare it companies at Vector Remote Care's stage. Their profiles are linked below.
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