BOSTON, Jan. 16, 2024 /PRNewswire/ — Oxford Medical Simulation (OMS), a pioneer in digital actuality healthcare coaching, is worked up to announce the profitable completion of a $12.6 million USD Sequence A funding spherical. The funding, led by Frog Capital with follow-on capital from ACF Traders, current shareholders and strategic companions, marks a major milestone in OMS’s mission to revolutionize healthcare schooling, coaching, and evaluation.
OMS is devoted to coaching the following era of nurses, medical doctors, and allied healthcare professionals. With 91% of graduating nurses feeling unprepared for medical follow, OMS stands on the forefront of addressing this crucial hole, providing immersive coaching experiences that allow healthcare professionals to follow anywhere, any time, with out threat. This ensures that the primary time they encounter a medical emergency, have a troublesome dialog or carry out a process, they’ve already skilled it in OMS – streamlining workforce coaching, enhancing preparedness for follow and enhancing affected person security.
As well as, adoption of OMS results in a 74% discount in staffing and gear prices vs conventional coaching strategies, serving to relieve the burden on instructional establishments and well being methods after they want it most.
OMS has developed a category-defining coaching platform, 240+ simulations and a deep efficiency information and analytics system. Following the profitable launch of OMS Create, their client-facing VR authoring platform, OMS is completely positioned to scale.
The Sequence A funding will allow this growth, permitting OMS to scale its providing throughout learner teams, increase using AI throughout its options, and additional assist shoppers in constructing their very own content material. The funding may even supercharge R&D efforts, making certain that OMS stays on the forefront of innovation in healthcare coaching.
Based in 2017, OMS works with the world’s finest establishments to assist the healthcare workforce at each stage – from their first lesson in nursing college by means of medical coaching and persevering with skilled growth. At present delivering over 35,000 simulations per 30 days, OMS has confirmed to be as efficient because the main bodily coaching strategies, saving 74% on prices in comparison with conventional coaching.
“Recruitment, coaching and retention of healthcare professionals at scale is vital to deal with the workforce disaster inside healthcare,” commented Konstantin Koenig, Principal at Frog Capital. “We now have been impressed with the workforce at OMS and the way they’re addressing this situation utilizing cutting-edge software program. Their immersive healthcare coaching resolution drives a step change in high quality, productiveness and price effectivity for healthcare methods and sufferers worldwide. As a purpose-driven investor, we’re excited to assist them with our scale-up expertise on this journey.”
“This funding marks a milestone for OMS,” stated Michael Wallace, co-founder and CEO of OMS. “It permits us to quickly scale the workforce while staying true to our imaginative and prescient and values. Frog’s expertise in serving to scale impact-focused software program firms, mixed with the numerous experience of our healthcare advisory board, will facilitate this growth at a crucial time for OMS and the healthcare workforce. However these improvements will not be nearly know-how; they’re about individuals – coaching healthcare professionals extra successfully to enhance affected person care, and this funding isn’t simply an funding in Oxford Medical Simulation; it’s an funding in each healthcare skilled we prepare. Our journey to this point has been unbelievable, and it’s solely simply starting.”
Further Info
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About Oxford Medical Simulation
Oxford Medical Simulation (OMS) drives medical competency by combining healthcare schooling, coaching and evaluation by means of dynamic digital actuality simulations.
Utilizing its award-winning studying platform, OMS bridges idea and follow with immersive simulation situations. Providing in-depth insights into medical efficiency, OMS permits world-leading healthcare methods and educational establishments to scale their schooling, coaching and evaluation.
