Kontakt.io, a provider of inpatient journey analytics, received an investment of $47.5 million, led by the growth equity unit at Goldman Sachs Asset Management. The capital will support the company’s growth and expansion of artificial intelligence solutions. Christian Resch, a partner at Goldman Sachs, will join Kontakt.io’s board of directors.
Failures in hospital care delivery accounted for approximately $300 billion, or nearly $300,000 per licensed bed, in annual waste in the U.S. Kontakt.io uses AI, the Internet of Things (IoT) and cloud technology to provide real-time location data to orchestrate staff, equipment and clinical spaces around a patient’s care journey. Using Kontakt.io’s platform, customers such as HCA, the VA, Mercy Health, North East Georgia Health System, Trinity Health and the NHS have experienced improvements in patient and employee experiences.
“Clinical staff, the key asset of health systems, must be freed to focus on their single most important job: providing patient care,” Philipp von Gilsa, CEO of Kontakt.io, said. “Our partnership with Goldman Sachs will help Kontakt.io further expand into AI to orchestrate care delivery resources and processes, putting staff and patients back at the center of care.”_x000D_
“Kontakt.io creates exceptional value for its clients by addressing two of healthcare’s current great challenges: reducing costs and freeing up time of nurses, doctors and other hospital staff,” Resch said. “Philipp von Gilsa and his team have built a world-class solution and demonstrated their ability to serve some of the world’s most demanding customers year after year. We see enormous potential in Kontakt.io and are thrilled to help further accelerate Kontakt.io’s expansion and enhance its product offerings.”
