# Vector Remote Care

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vector-remote-care

- Industry: Healthcare IT
- Headquarters: US
- Website: www.vectorremote.com
- Total disclosed funding: $13M
- Latest round: Series A (Apr 26, 2021)
- Investors on record: 1

## About

Founded in 2013 in the US, Vector Remote Care LLC offers innovative software solutions for cardiac monitoring, enhancing patient care through streamlined device management and data consolidation for healthcare providers.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. In April 2021, the company successfully raised USD 12.5 mn in Series A funding led by Updata Partners, marking a significant investment round for future growth. No notable pivots or subsidiaries have been reported.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. Geographically, the Vector Platform serves markets across the United States, catering to a diverse range of healthcare facilities and practices involved in cardiac care.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. This pricing structure allows healthcare facilities to integrate Vector’s technology seamlessly into their operations while enhancing overall patient care quality.In April 2021, Vector Remote Care LLC raised USD 12.5 mn in Series A funding led by Updata Partners. 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.

## Funding rounds

- Series A, Apr 26, 2021, $13M — Updata Partners

## Investors

- Updata Partners (https://capitalatlas.ai/funds/updata-partners) — Series A