New Orleans-based digital health startup RDnote has been selected by the Lafayette General Foundation to receive an additional $250,000 investment through its subsidiary Healthcare Innovation Fund.
This follows the HIF’s initial seed equity investment in RDnote and will help the company expand its technical and clinical staff to meet the growing demand for its products and services, according to a news release.
RDnote’s purpose is to assimilate clinical nutrition best practices throughout the health care industry using technology to improve quality of patient care. Nutrition care using technology is a high-impact, low-cost solution to improve the overall quality of care in many health care settings, according to the news release.
RDnote products target patients with acute and chronic conditions, such as congestive heart failure and diabetes.
“Investing in RDnote directly aligns with our Healthcare Innovation Fund, which was designed to invest in companies that are committed to increasing the quality of care given to patients through the use of technology,” Cian Robinson, executive director of Lafayette General Foundation, said in a news release.
Since acquiring HIF’s initial investment in late 2016, RDnote employed its nutrition-focused clinical decision support software at Lafayette General Medical Center and has recently scaled to position its solution in all seven hospitals in the Lafayette General Health system. The company is growing to additional hospital systems within Louisiana and is in talks to expand its technical and clinical knowledge to providers outside of the state.
“We are very excited to see the impact on both patients and clinicians,” Molly Hegarty, founder, said in the news release. “Seeing our tools used to help patients improve their health in the hospital setting reinforces our mission to expand access to high quality nutrition care in all settings.”
Lafayette General Foundation’s Healthcare Innovation Fund was capitalized through a $1.5 million investment from Lafayette General Health and $1 million from the Louisiana Seed Capital Program under the Louisiana Economic Development Corporation.
To sign up for free CityBusiness Daily Updates, click .