LifeSigns Raises Fund To Accelerate iMS Platform And Expansion
A Chennai-based health tech startup LifeSigns iMS, developing a digital wireless patient monitoring solution platform for ambulatory, inpatient, and home care settings, has raised an undisclosed amount in a pre-Series A funding round.
The round witnessed participation from investors, including SP Ganesan, a well-known Pathologist from Chennai. The funds raised will be used to accelerate the iMS platform and for India wide expansion.
LifeSigns provides technological solutions for patient monitoring in hospitals, at home and in ambulances. LifeSigns brings high-quality, clinical-grade patient vital data continuously to healthcare professionals anywhere anytime at a reasonable cost.
Hari Subramaniam, Founder & Director, LS Devices Pvt. Ltd said, “We have been assisting hospitals become smarter, more technologically advanced, with leaner infrastructure and at lower costs. As we continue to develop technologies that help in improving clinical outcomes, lesser code blues / oranges, better patient safety, drive positive change in the healthcare segment. We remain committed to innovation and excellence.”
He said that the new fund entering the system will allow us to work more on technology and human resource to enhance the user experience, bring more efficiency in clinical data delivery, lower infrastructure spend, bring down cost of healthcare benefitting the patient and providers.
He further added, “We are bringing “home to home” patient care that enables monitoring of patients from home to hospital to back home dynamic wireless technology’s robust alert mechanism, continuous real time monitoring and ambulatory monitoring which will enable early detection, timely treatment and early discharge.
The global medical and wellness industry is a USD 1.5 trillion market growing steadily at 5-10 per cent annually, with the Indian market contributing to it at an exponentially increasing rate. Our investment in LS Devices Pvt Ltd. reflects our confidence that Remote Patient Monitoring.
“Technology is now accessible to all, and that improving patient care is our top priority. LifeSigns’ rapid growth rate over the last 12 months is recognition, and expanding from in-hospital care to home care and ambulance monitoring is the first step towards improving patient safety and outcomes. With the government enacting new policies and laying out a road map for healthtech firms, we are assured that this association will bear fruit for the masses” said Dr. SP Ganesan.