London-based Perfect Ward, which is a digital quality inspection platform has bagged £4 million in funding recently. The funding was led by the Development Capital team of Octopus Investments, which is a part of Octopus Group.
Perfect Ward applies the best technology to solve one of the most important challenges faced by health and social care workers. The company has developed a smart healthcare inspection tool that has helped clinicians save thousands of hours.
Ambitious plans ahead
The investment will let Perfect Ward realise it’s ambitious plans. The company intends to focus on growing its core territories by increasing sales, marketing and customer support and expand into international markets. Also, Perfect Ward intends to accelerate its product development as it continues to improve its market-leading solution, whilst enabling accurate, complete, and monitored quality audits.
Timothy Bolot, Founder and CEO of Perfect Ward said: “Perfect Ward’s software platform empowers frontline care staff to own quality improvement. It is quick and easy to use, freeing up time for nurses, carers and other staff to devote to patients and residents. We are delighted with the new partnership as Octopus shares our passion for supporting front line staff to improve quality while providing management real-time assurance across all services.”
Richard Court, Head of Development Capital at Octopus Investments, said: “We’re delighted to be partnering with Perfect Ward. Their platform is well positioned to help healthcare organisations track, monitor, and document their inspections, in line with best-in-class practice guidelines, improving clinical safety. Octopus has a particularly good insight into the importance and potential for growth in this area, with care homes within Octopus Real Estate (part of the Octopus Group) having been a customer of Perfect Ward for the past eighteen months.”
Perfect Ward is used across a rapidly expanding base of hospitals, care homes and other health and social care organisations in the UK and internationally. The software helps customers to continually drive improvements in quality and care, through the digitalisation of quality inspections.
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Relief from manual processes
Founded in 2004 by Timothy Bolot, Perfect Ward combines the clinical knowledge of frontline staff with an intuitive digital platform. This allows hospitals and care providers to better track, monitor and documents their quality inspections and action plans through the data collected, allowing them to make better decisions and ensure compliance.
Perfect Ward aims to bring the mobile user experience to the industry that heavily relies on manual processes. With its app, clinicians can do quality inspections that were done on paper or cumbersome spreadsheets.
The company operates with offices in London and Adelaide. Perfect Ward has been used in over 500,000 inspections by more than 25,000 registered healthcare professionals. NHS trusts and private care providers including the care homes within Octopus Real Estate have been driving quality by integrating the platform into their day-to-day processes.
The company frees up time to care for its customers including King’s College Hospital, Bart’s Health, Nottingham University Hospital, South London and Maudsley, Royal Marsden, Cardiff and Vale University Health Board and other leading health and social care organisations in the UK, Australia, New Zealand and South Africa.