MultiScale Adds Funding from Investor Partner JJDC
SEATTLE--(BUSINESS WIRE)--MultiScale Health Networks, a pioneer in bringing real-time problem-solving innovations to healthcare, today announced that it has added Johnson & Johnson Innovation—JJDC, Inc. (JJDC) as a strategic investment partner in the company. The funding provided by JJDC will enable MultiScale to accelerate its market growth by expanding sales, marketing, and development operations. JJDC joins earlier MultiScale investors Sabey Healthcare Holdings and Providence St. Joseph Health (PSJH).
Dave Sabey, Chairman and President of Sabey Healthcare Holdings stated, “Beyond the significant investment value that JJDC brings, we believe that MultiScale has added another very strategic partner that will be extremely helpful in accelerating innovations.”
MultiScale’s Chief Product and Operations Officer Stacey Kinkead added, “The investment by JJDC is an important step in bringing MultiScale products to a broader market. We’re excited to leverage our relationship with JJDC and the Johnson & Johnson Family of Companies to bring even more innovations to healthcare.”
The first MultiScale Hive Application is currently in use across 35 hospitals of the Providence St. Joseph's Health (PSJH) System assisting in throughput optimization. Early metrics demonstrate that the data insights, communication, and collaboration created with Hive have already reduced ED Length of Stay (LOS) by 33% across the sites.
Founded in 2012, MultiScale Health Networks is a pioneer in reimagining health data by asking “what if” and applying new technologies to old approaches. MultiScale is bringing the vision of real-time health system (RTHS) to healthcare by leveraging the proven technologies of countless industries that have transformed into real-time operations. Hive apps enable clinicians to securely communicate and collaborate with EHR and health operations data to address issues in real-time before they become problems. This empowers clinicians with what they need to improve care quality, drive efficiency and reduce costs. Privately-held MultiScale is a joint venture between industry powerhouses Providence St. Joseph Health (PSJH), one of the largest non-for-profit health systems in the US, and Sabey Healthcare Holdings and Johnson & Johnson Innovation – JJDC, Inc.
Cheryl Isen (425) 233-9032