VisibleHand, founded in 2014 and headquartered in Denver, Colorado, is a privately held company specializing in healthcare technology solutions. The company focuses on enhancing behavioral health management in acute and post-acute care settings through innovative software applications. Its mission is to improve patient safety and care quality by providing tools that ensure timely and accurate safety checks, thereby supporting clinical decision-making and compliance.
Key Strategic Focus
VisibleHand's strategic objectives center on developing and deploying software solutions that facilitate real-time data collection and analysis in healthcare environments. The company's primary product offerings include:
- Proximity Verification: This tool automatically verifies that safety checks are conducted in person and on time, enhancing staff accountability and patient safety.
- Digital Rounding: A system designed to improve safety for residents and patients by increasing staff efficiency and accountability through fully managed mobile devices.
- Location Tracking: This feature locates staff and residents within a building or large campus, automating attendance tracking and ensuring efficient resource utilization.
These technologies are primarily targeted at nursing staff and healthcare administrators in acute and post-acute care facilities, aiming to streamline operations and improve patient outcomes.
Financials and Funding
VisibleHand has secured funding through various channels to support its growth and product development:
- Seed Round (August 2018): The company raised $75,000 in this round.
- Grant (December 2016): Received an undisclosed amount to further its initiatives.
- Accelerator/Incubator Participation (March 2016): Secured $20,000 through participation in an accelerator program.
Notable investors include Autochrome Ventures, the Colorado Office of Economic Development & International Trade, Boomtown Innovation, and Innosphere Ventures. The capital raised has been directed towards product development, market expansion, and enhancing technological capabilities.
Technological Platform and Innovation
VisibleHand distinguishes itself through its proprietary technologies and innovative approaches:
- Proximity Verification Technology: Ensures that safety checks are performed in person and on schedule, utilizing real-time data processing and location tracking.
- Digital Rounding System: Enhances staff efficiency and accountability by leveraging mobile device management and data analytics.
- Location Tracking Solutions: Employs advanced tracking methodologies to monitor the whereabouts of staff and residents, facilitating efficient resource management.
These technologies are underpinned by robust data collection and analysis frameworks, enabling healthcare facilities to make informed decisions and improve patient care.
Leadership Team
VisibleHand's leadership comprises experienced professionals with diverse backgrounds:
- Matt Morris, Ph.D.: Co-Founder and Chief Executive Officer.
- Gary Haith, Ph.D.: Co-Chief Operating Officer and Chief Data Scientist.
- Harvey Morris, Ph.D.: Co-Founder, Co-Chief Operating Officer, Chief Commercial Officer, and Board Member.
- Luke Van Horn: Owner, Chief Technology Officer, and Board Member.
Each member brings a wealth of experience in healthcare technology, data science, and business operations, contributing to the company's strategic direction and innovation.
Competitor Profile
The healthcare technology market is characterized by rapid growth and innovation, with a focus on improving patient safety and operational efficiency. VisibleHand faces competition from several companies offering similar solutions:
- InvisALERT Solutions: Provides hardware and software-based solutions for 15-minute safety checks in inpatient settings, targeting psychiatric hospitals and emergency rooms.
- ObservSMART: Developed by InvisALERT, this solution focuses on revolutionizing safety checks in inpatient settings through technology-driven approaches.
These competitors emphasize real-time monitoring and compliance solutions, similar to VisibleHand's offerings.
Strategic Collaborations and Partnerships
VisibleHand has engaged in strategic collaborations to bolster its market position and innovation capacity:
- Boomtown Accelerators: Participated in this accelerator program, gaining access to mentorship, resources, and funding to accelerate product development and market entry.
- Innosphere Ventures: Engaged with this incubator to leverage support in scaling operations and refining business strategies.
These partnerships have provided VisibleHand with valuable insights, networks, and capital to drive growth and innovation.
Operational Insights
In the competitive landscape of healthcare technology, VisibleHand differentiates itself through its focus on real-time data collection and analysis, ensuring compliance and enhancing patient safety. The company's proprietary technologies offer unique value propositions, such as automated proximity verification and digital rounding, which streamline operations and improve care quality.
Strategic Opportunities and Future Directions
VisibleHand is poised to capitalize on several strategic opportunities:
- Market Expansion: Exploring new geographic markets and healthcare segments to broaden its customer base.
- Product Diversification: Developing additional features and solutions to address emerging needs in patient safety and compliance.
- Technological Advancements: Investing in research and development to integrate advanced technologies, such as artificial intelligence and machine learning, to enhance product capabilities.
By leveraging its current strengths and focusing on innovation, VisibleHand aims to solidify its position as a leader in healthcare technology solutions.
Contact Information
- Headquarters: Denver, Colorado, United States
