TeleTracking

TeleTracking

Patient flow management and analytics software

About TeleTracking

Simplify's Rating
Why TeleTracking is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Enterprise Software

Healthcare

Company Size

201-500

Company Stage

Series C

Total Funding

$1.9M

Headquarters

Morrisville, North Carolina

Founded

1991

Overview

TeleTracking Technologies, Inc. focuses on improving patient flow management and analytics in healthcare settings. Their software solutions provide real-time data and insights to help hospitals and care facilities manage patient movement efficiently, ensuring timely care and reducing wait times. By offering a software-as-a-service (SaaS) model, TeleTracking allows clients to access their tools via the internet on a subscription basis. This includes dashboards that track patient census and bed availability, enabling healthcare providers to make quick, informed decisions. Unlike competitors, TeleTracking emphasizes optimizing patient care during high-demand situations, such as the COVID-19 pandemic. The company's goal is to enhance operational efficiency and patient outcomes within healthcare systems.

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Simplify's Take

What believers are saying

  • Increased AI-driven analytics adoption enhances TeleTracking's predictive insights and automation capabilities.
  • Rising telehealth trends create opportunities for integration with TeleTracking's solutions.
  • Post-COVID-19 emphasis on hospital efficiency boosts demand for TeleTracking's products.

What critics are saying

  • Increased competition from AI-driven solutions like Laudio may impact TeleTracking's market share.
  • Recent leadership changes could pose challenges in strategic direction and continuity.
  • Economic pressures on healthcare systems may affect subscription renewals for TeleTracking's SaaS.

What makes TeleTracking unique

  • TeleTracking pioneered patient flow management, a concept not recognized before 1991.
  • Their SaaS model offers real-time data and analytics for patient flow optimization.
  • TeleTracking's solutions integrate with virtual care platforms, expanding their market reach.

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Funding

Total Funding

$1.9M

Below

Industry Average

Funded Over

1 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$2M
TeleTracking
$40M
Figma
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Medical/dental/vision 100% paid premiums

Pet insurance

TeleWellness program

Employee assistance program

Gym discount

401(k) match requires no vesting

Identity theft protection

Flexible spending accounts

Opportunities for internal career growth

Tuition reimbursement

TeleUniversity

100% paid parental leave

Disability leave

Generous PTO + 9 paid holidays

Paid volunteer time

Growth & Insights and Company News

Headcount

6 month growth

-6%

1 year growth

-6%

2 year growth

-6%
Technical.ly
Nov 11th, 2024
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Strategic decisions around location, leadership and sustainability are key drivers of business growth.In this month’s Power Moves, sustainability takes center stage — whether through downsizing office space to align with post-pandemic workforce needs or expanding facilities to meet the demand for clean-energy manufacturing.Leadership changes at nonprofit Sustainable Pittsburgh and the announcement of a new power generator manufacturing facility highlight the region’s focus on both economic growth and environmental impact.Read on for more details on these developments after the chart showing the top desired tech skills and corresponding median salaries for the month.Niche to move headquarters closer to Strip District TerminalThe edtech company Niche is set to relocate its headquarters down the street from its current location on Liberty Avenue in the Strip District to the Vision on Fifteenth, a building on Smallman Street near the Strip District Terminal. The move was described by Pat Gruden, a long-time company representative, as part of a strategic decision to downsize following the COVID-19 pandemic. The new facility is about 7,400 square feet smaller but more walkable to neighborhood amenities In March, the company quietly laid off 7% of its total staff, leaving the firm with around 300 total employees. This came after the company made headlines in recent years for large funding raises, including a $35 million Series C funding round in 2020.Sustainable Pittsburgh executive director announces departureSustainable Pittsburgh Executive Director Joylette Portlock announced she will step down from her leadership position at the nonprofit by the end of 2024. Portlock led Sustainable Pittsburgh for six years, overseeing a full organizational rebrand and the launch of a new workplace recognition program that awards designations to companies that meet sustainability criteria. Sustainable Pittsburgh Executive Director Joylette Portluck (Courtesy of Sustainable Pittsburgh) Portlock also worked to establish the Clean Energy Workforce Roundtable in 2021. The initiative gathers key stakeholders to promote equitable workforce development to meet the demand for clean energy workers. The company is responsible for additional groups that work to foster sustainable and equitable economic growth, including the CEOs for Sustainability and the Sustainability Practitioners Network. “I’ve come to understand that leadership, especially on sustainability, may best be understood as neither a sprint, nor a marathon – it’s a relay,” Portlock said in a news release

The Manila Times
Oct 24th, 2024
TeleTracking Launches Capacity IQ(R): A New Era in Capacity Management Solutions

Pittsburgh, PA, Oct. 24, 2024 (GLOBE NEWSWIRE) - TeleTracking Technologies, the pioneer in patient flow and capacity management solutions, is proud to announce the launch of Capacity IQ, the SaaS version of its industry-leading Capacity Management Suite(R).

GlobeNewswire
Oct 10th, 2024
Anita Dressel named President of TeleTracking Technologies

Pittsburgh, PA, Oct. 10, 2024 (GLOBE NEWSWIRE) - TeleTracking Technologies announces the appointment of Anita Dressel as President.

Daily Bangla Newspapers
Feb 9th, 2024
TeleTracking Technologies Named 2024 Best in KLAS for Patient Flow

TeleTracking Technologies named 2024 Best in KLAS for Patient Flow.

TeleTracking
Oct 27th, 2023
TeleTracking releases enterprise COVID-19 capacity and census dashboard to bring visibility to health systems

TeleTracking Technologies, Inc., the world leader in patient flow, capacity management and health system command center technology, has released a new enterprise COVID-19 capacity and census dashboard to equip health systems with the critical information needed to prepare for and respond to the COVID-19 patient surge.

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