Patient Provider Communications has landed $1.7 million in seed capital thanks to large government grants and significant private investment.
The Ann Arbor-based start-up's principal technology is called "Eloquence." It is a nurse-call system developed through an innovative healthcare communication technology. The company is currently in the final stages of developing its Beta version that is set to be deployed to a couple local hospitals by the fourth quarter of this year.
"We will be developing a commercially viable product by the end of the year," says Lance Patak, co-founder & chairman of
Patient Provider Communications. "Our goal is to have it installed in at least one Beta site by the second quarter of 2014 and our first purchase order by second quarter of 2014."
The 4-year-old company has secured a $1.225 million Phase 2 federal Small Business Technology Transfer grant. It also has scored $250,000 from the
Michigan Pre-Seed Capital Fund, and is closing on $125,000 from private investors that will be matched with $125,000 from the
Michigan Emerging Technologies Fund.
Patient Provider Communications employs a team seven employees and four independent contractors. It has hired four people over the last year, including a new CEO this spring.
Source: Lance Patak, co-founder & chairman of Patient Provider Communications
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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