South African Quro Medical, which was established in 2018, has come up with a hospital-at-home solution that is both economical and easily accessible. This solution manages critically ill patients in the convenience of their own homes by combining cutting-edge technology and software with outstanding clinical care.
The new company is in the process of constructing Africa’s largest virtual hospital ward in an effort to provide better clinical outcomes at a cheaper cost than traditional medical care does currently.
By employing real-time, data-driven clinical interventions, the platform offered by Quro Medical helps to bring down the expenses associated with providing medical care.
According to the manager of impact investments at MIC, Thato Ntseare, the service offering provided presents significant prospects for scalability.
Hospital at Home is a service provided by Quro Medical that was introduced in the year 2020. It enables patients who are eligible for the programme to get hospital-level care in the comfort of their own homes.
Since the program’s inception, over a thousand patients have been effectively treated in the comfort of their own homes, achieving the same or higher levels of clinical success while also benefiting from an enhanced patient experience.
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What Quro Medical Will Do
Quro Medical will be able to develop its technology further and increase its reach with the assistance of MIC. This will result in improved healthcare results as well as a reduction in expenses for both patients and providers.
Quro has now secured investment from the Johannesburg-based MIC, a 100% Black-owned Investment Company that was established in 1995 by the Mineworkers Investment Trust (MIT) in order to establish a sustainable asset base for the benefit of mine, energy, and construction workers and their dependents.
Having emerged from stealth mode by declaring the cessation of a seven-figure US dollar seed funding round in April 2021, Quro has now emerged from stealth mode to announce that it has secured investment.
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Remarks From Executives of Quro Medical
“Our technology-enabled solutions are designed to provide seamless, patient-centric care that puts the patient first. We’re leveraging cutting-edge technology and evidence-based protocols to monitor patient health proactively, ensuring that every patient receives the best possible care in the comfort of their own home,” said Dr Vuyane Mhlomi, Quro Medical’s co-founder and CEO.
“Quro Medical presents MIC with a new and exciting track for us from an impact investment strategy point of view. While we are focused on businesses that provide technology-based solutions, this is the first health tech business funded through Khulisani Ventures,” Thato Ntseare said.
“Remote patient management is a growing trend globally and the business case and deep understanding of the value chain presented by Quro Medical demonstrates similar growth opportunities in South Africa. We are also attracted by the impact this business presents as it has high potential for increasing accessibility to healthcare services.”he added
“At Quro Medical, we are proud to be the African pioneer and leader of the Hospital at Home programme. This innovative solution is the future of healthcare delivery, and we are excited to be at the forefront of this transformational shift. With our clinical-grade real-time monitoring and personalised care, we are improving patient outcomes and reducing the burden on traditional hospital systems”, said Zikho Pali, co-founder and COO of Quro Medical.