Key Takeaways:
- Navenio, a UK location tech scaleup, raises £5 million to enhance healthcare efficiency through its ‘Intelligent Workforce Solution.’
- The investment, led by Oxford Science Enterprises, will support Navenio’s expansion into the US and continued growth in the UK.
- Navenio’s technology uses real-time location data to optimize patient care logistics, leading to improved efficiency and better resource utilization in healthcare settings.
Pioneering Healthcare Transformation
Oxford, UK, September 21, 2023 – Navenio, a UK-based location tech scaleup, is set to revolutionize healthcare efficiency on a global scale. The company has announced a significant £5 million investment, led by Oxford Science Enterprises, to further develop its ‘Intelligent Workforce Solution’ and expand its reach.
Navigating the Complex Healthcare Landscape
Navenio’s innovative technology is designed to streamline patient care logistics within complex healthcare environments, ultimately optimizing workflow efficiency. By harnessing real-time location data on patients, staff, and medical equipment, combined with intelligent task allocation and route optimization, Navenio empowers healthcare providers to automate and orchestrate patient care delivery efficiently.
This groundbreaking approach allows for a more precise allocation of resources, ensuring that staff and medical equipment are optimally utilized. The result is improved operational efficiency, enhanced revenue opportunities, and better collaboration among healthcare teams, ultimately leading to higher-quality patient care.
Unlocking the Power of Location Intelligence
The key to Navenio’s success lies in its ability to provide actionable insights to healthcare providers. These insights include identifying resource underutilization or overutilization, enabling healthcare organizations to make data-driven decisions that positively impact patient care.
Building on Proven Success
Navenio has already demonstrated the value of its technology platform, garnering praise from healthcare professionals and institutions. Customer partners in the UK, including NHS organizations, facilities management firms, and private hospital groups, have seen remarkable improvements in efficiency and resource utilization.
Andy Carruthers, CIO of University Hospitals of Leicester NHS Trust, attests to the transformation brought about by Navenio: “Navenio has enabled a 66% increase in efficiency and effectiveness in our portering workforce across the 3 Leicester hospitals. Patient flow and experience has improved by getting the right person to the right place at the right time, and the platform has been enthusiastically adopted by our teams. I look forward to expanding our use of Navenio to support additional workgroups and integrate into our other core technologies.”
Fueling Global Expansion
With the new investment, Navenio is poised to expand its presence into the United States healthcare market and explore opportunities in other geographical locations. The company is committed to accelerating its deployment across various healthcare settings and beyond.
Heather Roxborough, Head of HealthTech at Oxford Science Enterprises, expressed enthusiasm for supporting Navenio: “Navenio is revolutionizing the way we create more efficient healthcare workplaces, through its proven technology-powered platform for indoor mapping. We are excited to continue supporting the team on the next stage of the company’s journey as they look to deliver their offering to a wider range of use cases and across new geographies.”
A Transformational Journey
Connie Moser, CEO of Navenio, emphasized the significance of this investment: “This investment will go a long way in helping Navenio to ramp up its offering in the US as well as in new geographies. We’re on a strong growth trajectory, and accelerating our deployment for real-world impact across healthcare and beyond is our top priority.”
As Navenio continues to make strides in reshaping healthcare logistics, the global community eagerly anticipates the profound impact this technology will have on healthcare efficiency and, most importantly, patient care.
For more information, visit Navenio’s website or follow them on Twitter and LinkedIn.
About Navenio
Navenio, a spinout of the University of Oxford, has been at the forefront of innovative location technology since 2015. Recognized for its pioneering work in indoor mapping, Navenio’s technology leverages smartphone sensors to create scalable indoor location data and an artificial intelligence tasking engine that delivers immediate actionable insights. The company prioritizes privacy and security, holding certifications such as Cyber Essentials Plus, GDPR, HIPAA, and NHS Data Security and Protection Toolkit compliance.
About Oxford Science Enterprises
Oxford Science Enterprises (OSE) is a catalyst for translating world-leading scientific research into transformative businesses. Founded in 2015, OSE partners with the University of Oxford to support over 100 science spinouts. These businesses span diverse sectors, including Life Sciences, Health Tech, and Deep Tech. OSE’s unique approach combines investment with hands-on nurturing, ensuring the brightest scientific minds can tackle global challenges. To date, OSE has invested £0.6 billion in over 80 companies rooted in Oxford science.
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