Skylight Healthcare Secures $5 Million in Financing from Duchossois Capital Partners
New Investment to Fuel Growth of Market Leading Continuum of Care Platform
SAN DIEGO, September 19, 2012-- Skylight Healthcare Systems, the leading provider of interactive patient systems, today announced the successful closing of a $5,000,000 series D funding round from Duchossois Capital Partners, an affiliate of The Duchossois Group. Skylight will invest these funds to accelerate growth in product development, marketing, and sales of Skylight CareNavigator™.
Recognized as the first Interactive Patient Care platform to deliver a comprehensive system for both the in-patient and the ambulatory environment, CareNavigator impacts the in-patient experience with proven programs to increase HCAHPS scores while providing individualized “CareMaps” that support patients and families with education and information—individualized for each patient experience. CareNavigator creates a seamless connection engaging patients prior to admission, during their hospital stay and coupled with follow-up services and reporting long after discharge.
“The move to accountable care, patient centered medical homes, and quality reporting creates an imperative for a new vision and a new mechanism for improving the way patients engage with health care organizations. After significant research into this market, we concluded that Skylight has a strong head-start in both market share and building the products to meet this emerging demand,” commented Rohit Seth, General Partner, Duchossois Technology Partners and new Skylight Board member. “Skylight’s technology innovation, bold vision, and unyielding commitment to customer satisfaction are the traits we look for in our long-term investment strategy. As a profitable and cash-flow positive entity, Skylight is extremely well positioned financially for continued success especially with the additional funding to accelerate growth and development.”
“With a focus on enhancing patient engagement, improving patient experience, and addressing reimbursement and regulatory challenges, enabling technologies that support patient engagement across the continuum of care are emerging as essential elements for health care organizations,” commented Tom Klopack, Skylight President and CEO. “Three years ago, we pioneered and created a comprehensive platform that engages and supports patient, families, and clinicians beyond the in-patient stay and the Duchossois investment will help us accelerate the development and delivery of the next generation of CareNavigator.”
Skylight patients are better prepared for scheduled procedures, less prone to issues after discharge, and more satisfied over the entire continuum of care. From preadmission to post-discharge, Skylight CareNavigator connects the patient directly to the hospital and their clinicians via the web to continue patient specific education, provide alerts and reminders of key care events and follow up appointments, augment patient specific support, facilitate forms and documentation and monitor long term outcomes. The patient outcome information gathered under CareNavigator is an essential element in optimizing hospital operations during stay and after in addition to monitoring and measuring evidence-based quality outcomes.
About Duchossois Capital Partners
Duchossois Capital Partners is affiliated with the The Duchossois Group (www.duch.com), which represents over 60 years of entrepreneurship and the development of dozens of companies. The Duchossois Group (TDG), headquartered in Elmhurst, Illinois, is privately held and holds interests in a diversified portfolio of companies, including The Chamberlain Group, Inc. (consumer and commercial access control products), AMX LLC (consumer and commercial advanced control and automation technology), Heath-Zenith LLC (security and lighting products), Milestone AV Technologies (audio visual mounting equipment), Brivo Systems (cloud security solutions) and Duchossois Technology Partners (early and mid-stage venture capital). TDG also holds a strategic interest in Churchill Downs, Inc. (NASDAQ: CHDN)
About Skylight Healthcare Systems
Founded in 1999, and headquartered in San Diego, CA, Skylight®Healthcare Systems is the industry pioneer in the Interactive Patient System market. With patient communication, education, and connection as the cornerstone of a safe, comfortable and clinically optimal hospital experience, the Skylight Interactive Patient System encourages patients and family to actively participate in their health care, improves communication between staff and patient/family members, and can provide a smoother and faster recovery and discharge plan. From pre-admission through post-discharge, Skylight addresses patients’ needs in education and health literacy, access to services, and critical information flow between themselves and their caregivers. Patients benefit from more control, faster healing, and a better grasp of health issues and hospitals see improved HCAHPS scores, reduced readmissions, and increased reimbursements. Hospitals implement Skylight to support their ongoing endeavors in improving HCAHPS scores, patient satisfaction, clinical outcomes, enhancing operational & service excellence, meeting evolving clinical demands, and delivering on commitments to making a positive difference in the lives of the people they serve. www.skylight.com.
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