Vitalchat Receives $6 Million Funding to Enhance Telehealth and Virtual Nursing Solutions

Vitalchat Secures Series A Funding to Enhance Virtual Nursing and Telehealth

On February 13, 2025, Vitalchat announced a significant milestone in its quest to revolutionize healthcare delivery through technology. The company has successfully completed a $6 million Series A funding round, led by GHC Industries. This financial boost is expected to accelerate the company's mission of transforming inpatient telehealth and virtual nursing, making it easier for healthcare providers to focus on their primary objectives: caring for patients.

Michael Raymer, CEO of Vitalchat, emphasized the importance of this funding, stating, "Doctors and nurses enter the profession to heal, comfort, and care—not to be overwhelmed by paperwork or stretched thin due to staffing shortages." The funding will allow Vitalchat to scale its in-patient virtual care platform, enabling countless health systems to alleviate the administrative burdens on their staff, ultimately helping them to provide better patient care.

The surge in demand for virtual nursing and telehealth solutions has been fueled by a combination of factors, including workforce shortages, increasing patient acuity, and regulatory shifts supporting the adoption of digital health care. Although the U.S. market for inpatient virtual care is estimated to be around $2 billion, fewer than 5% of hospital beds are currently equipped with video-enabled monitoring solutions.

Vitalchat is strategically positioned to bridge this considerable gap in the healthcare market. Since its commercial launch in 2021, the company has quickly gained recognition for its innovative approach to leveraging existing hospital infrastructure. The platform provides AI-powered virtual sitters that carry out real-time patient safety monitoring, offers remote procedural support that enhances care team collaboration, and implements automated AI-driven workflows designed to reduce administrative burdens and increase nursing efficiency.

One of the standout features of Vitalchat’s technology is its cloud-native SaaS model, which eliminates the need for additional hardware, making the adoption of telehealth solutions both accessible and cost-effective for hospitals and healthcare systems. Currently, Vitalchat is operational in over 35 hospitals, serving various units such as medical-surgical wards, ICUs, operating rooms, and post-acute care facilities.

The latest Series A investment is set to drive further product innovation, market expansion, and deeper integration of AI in clinical workflows. Ankit Patel, the CEO of GHC Industries, will join Vitalchat's board, alongside GHC's co-founder Saagar Parikh, who will take on a Board Observer role. This investment marks GHC Industries' third major venture into healthcare, following their acquisitions of Re-sources and Medical Equipment Source.

Patel highlighted the pressing need for healthcare solutions saying, "Healthcare systems are under immense pressure from staffing shortages and clinician burnout... Vitalchat not only helps hospitals optimize resources and support care teams, but it also strengthens the human interaction between patients, providers and families."

In addition to the financial support, Vitalchat will be showcasing its innovative platform at the AI pavilion during the annual ViVE Conference, scheduled from February 16-19, 2025, where they expect to attract significant attention from healthcare professionals and industry stakeholders.

About Vitalchat

Vitalchat is recognized for its AI-powered ambient virtual care solution that aims to enhance healthcare delivery by tackling vital issues such as nursing shortages and care coordination. Utilizing advanced AI technology, the system conducts real-time video, audio, and sensory data analysis to detect trends, predict risks, and create alerts that support clinical teams in delivering efficient and safe care. For further details, visit their website at www.vitalchat.com.

About Green Harvest Capital | GHC Industries

GHC is a minority-owned private equity firm focused on growth-oriented investments in various sectors, including healthcare. GHC Industries strives to revitalize legacy businesses and support the development of innovative technologies. With a mission to enhance local communities and foster healthy work environments, GHC is committed to creating a positive impact in the industries they invest in. For more information on GHC, visit www.ghc-lp.com.