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Vector Remote Care
Cardiac Digital Health | Vector Remote
About Vector Remote Care
Vector Remote Care operates as a specialized digital health company, providing a comprehensive solution for cardiology practices to manage remote cardiac data. The company was founded by Kevin Hoffman in 2017, rooted in a deeply personal experience. Hoffman's journey into cardiac health was sparked at age 12 by his mother's sudden cardiac arrest and subsequent issues with a malfunctioning implanted defibrillator. This experience, compounded by witnessing similar preventable issues as a cardiac technician for St. Jude Medical, drove him to establish a solution to improve patient safety and care.
The firm targets cardiology clinics and health systems, offering a platform designed to streamline the entire workflow associated with implantable cardiac devices. This includes patient setup, data transmission from various manufacturer devices, analysis, and integration with electronic health records (EHR). Vector Remote Care's business model is centered on its software platform, which helps clinics enhance efficiency, increase patient compliance, and optimize revenue. The company's revenue streams are likely subscription-based, providing clinics with its technology and support services.
The core of the business is the Vector Patient Care Platform, a software solution that automates and unifies the management of remote monitoring for cardiac implantable electronic devices (CIEDs), as well as heart failure and hypertension. Key features include VectorConnect™, which uses automated, proactive outreach via texts and calls to improve patient engagement and reduce disconnection times. VectorSync™ is an exclusive feature that synchronizes data back to manufacturer portals, ensuring all systems are up-to-date. Furthermore, the platform's SmartReports™ function utilizes software-assisted automation to apply clinic protocols, prioritize alerts, and prepare signature-ready reports for clinician review. This system is designed to filter out non-critical alerts, significantly reducing the data overload on care teams and allowing them to focus on the most urgent patient needs.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Apr 2021 | $13M | $50M | Updata Partners | — |
Growth signals
Latest recorded traffic for Vector Remote Care is 5.2K monthly website visits, up 52.9% over the last three months. Vector Remote Care's team grew 25.5% over the past year.
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Updata Partners
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