By GE Ventures
Published in geventures.tumbir.com May 24, 2016
Imagine this scenario: you’re laying in a hospital bed after a procedure that has left you looking for post-acute care (PAC). A case manager walks in, gives you a list of PAC providers and tells you to pick one. Legally, case managers are not allowed to give recommendations, but you don’t know anything about the quality of care these providers will provide. You’re faced with a blind decision concerning your health and there’s seemingly nothing you can do about it.
Enter SilverVue: a provider of patient transitional care technologies, and our newest portfolio company.
To address PAC challenges, SilverVue has built its SilverSearch platform – a digital directory that organizes healthcare provider options by CMS ratings, zip codes and insurance plans. Patients can now easily select service providers based on the specialized care they need as they leave the hospital, such as long-term acute care, inpatient rehabilitation, skilled nursing or home health services. The platform is simple for both patients and case managers to use, and the result is a more streamlined process, reduced costs and improved patient outcomes and satisfaction.
SilverVue aims to instill confidence and peace of mind for patients seeking transitional care. We’re quite excited to co-lead SilverVue’s latest funding round, helping to alleviate the pain points currently plaguing the PAC industry.
With this funding SilverVue will grow its sales and account management teams in order to scale its service offerings and expand its customer base.
ABOUT GE VENTURES
GE Ventures combines capital, technical and commercial expertise, infrastructure, and the GE global network of businesses and partners to scale great ideas while driving growth for our start-up partners and GE. We are looking for ideas and partners that can advance industries and improve lives. Our goal is to become the global partner of choice to accelerate growth and commercialize innovative ideas that will help make the world work better – to build, power, move and cure.