Swift Medical

Swift Medical

Digital wound care management platform provider

About Swift Medical

Simplify's Rating
Why Swift Medical is rated
B-
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Enterprise Software

Healthcare

Company Size

51-200

Company Stage

Growth Equity (Venture Capital)

Total Funding

$59.1M

Headquarters

Toronto, Canada

Founded

2015

Overview

Swift Medical specializes in wound care management technology for the healthcare sector. The company offers a digital platform that allows healthcare providers to manage and monitor wound care effectively. This platform features comprehensive dashboards that provide real-time insights into wound healing progress, helping to prevent complications and reduce hospital readmissions. By integrating wound assessments into patient charts, Swift Medical streamlines clinical workflows and enhances efficiency by eliminating duplicate documentation. The company operates on a subscription-based revenue model, providing continuous updates and support to its clients. Swift Medical's technology not only accelerates the healing process but also helps healthcare providers improve their star ratings, attracting more patients. The goal of Swift Medical is to enhance patient care, improve operational efficiency, and drive financial performance for healthcare providers.

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Simplify's Take

What believers are saying

  • Swift Medical's AI-based platform improves patient outcomes and streamlines clinical workflows.
  • The company recently raised $8 million to enhance its AI-based wound care technology.
  • Appointment of experienced leaders like CEO Dwayne Sansone can drive innovation and growth.

What critics are saying

  • Increased competition from Moleculight with advanced imaging features could challenge Swift Medical.
  • Leadership changes may lead to strategic shifts or disruptions in company operations.
  • Rapid technological advancements in AI-based wound care could pressure Swift Medical to innovate.

What makes Swift Medical unique

  • Swift Medical offers a digital wound care platform with real-time insights.
  • The company integrates wound assessments directly into patient charts, enhancing efficiency.
  • Swift Medical's subscription model provides continuous updates and support to healthcare providers.

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Funding

Total Funding

$59.1M

Above

Industry Average

Funded Over

3 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↓ -1%

2 year growth

↓ -1%
BetaKit
Jan 24th, 2025
Wound Care Device Maker Moleculight Secures $39.5 Million Cad From Uk-Based Hayfin

Toronto-based company says funding will support new thermal imaging, 3D visualization features

01net
Oct 20th, 2024
The Next Generation of AI Based Digital Wound Care: Skin & Wound 2

Swift Medical unveils the new Skin & Wound 2 platform to heal our world faster with the power of AI.

Business Wire
Oct 2nd, 2024
Swift Medical Named Finalist for Prestigious Digital Health Award

As a Finalist in the Best Story Series - Best AI Healthcare Win, Swift Medical is being recognized for its years of AI innovation and leadership in transforming healthcare and the impact it has had on the digital wound care solutions segment.

BetaKit
Jul 11th, 2024
Swift Medical Among The Latest #Cdntech Companies To Appoint New Leaders As Industry Executive Turnover Continues

Changes in top leadership also hit Faire, Kovo HealthTech, goeasy, CFI, and more

Business Wire
Jun 25th, 2024
Swift Medical Expands Leadership Team with Appointment of a New CEO and CTO

Assuming the role of CEO, Dwayne Sansone brings over 25 years of diverse and extensive experience to Swift Medical, including significant expertise in the healthcare industry.

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