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 Buyers, present shareholders and strategic companions, marks a major milestone in OMS’s mission to revolutionize healthcare training, coaching, and evaluation.
OMS is devoted to coaching the following era of nurses, docs, and allied healthcare professionals. With 91% of graduating nurses feeling unprepared for scientific follow, OMS stands on the forefront of addressing this vital hole, providing immersive coaching experiences that allow healthcare professionals to follow anywhere, any time, with out danger. This ensures that the primary time they encounter a medical emergency, have a tough dialog or carry out a process, they’ve already skilled it in OMS – streamlining workforce coaching, enhancing preparedness for follow and bettering affected person security.
As well as, adoption of OMS results in a 74% discount in staffing and tools prices vs conventional coaching strategies, serving to relieve the burden on instructional establishments and well being programs after they want it most.
OMS has developed a category-defining coaching platform, 240+ simulations and a deep efficiency knowledge 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 enlargement, permitting OMS to scale its providing throughout learner teams, broaden using AI throughout its options, and additional help shoppers in constructing their very own content material. The funding may even supercharge R&D efforts, guaranteeing that OMS stays on the forefront of innovation in healthcare coaching.
Based in 2017, OMS works with the world’s greatest establishments to help the healthcare workforce at each stage – from their first lesson in nursing college by way of scientific coaching and persevering with skilled improvement. 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 essential to handle the workforce disaster inside healthcare,” commented Konstantin Koenig, Principal at Frog Capital. “Now we have been impressed with the group at OMS and the way they’re addressing this difficulty utilizing cutting-edge software program. Their immersive healthcare coaching answer drives a step change in high quality, productiveness and price effectivity for healthcare programs and sufferers worldwide. As a purpose-driven investor, we’re excited to help 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 group while staying true to our imaginative and prescient and values. Frog’s expertise in serving to scale impact-focused software program corporations, mixed with the numerous experience of our healthcare advisory board, will facilitate this enlargement at a vital time for OMS and the healthcare workforce. However these improvements are usually not 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 practice. Our journey to this point has been unimaginable, and it’s solely simply starting.”
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About Oxford Medical Simulation
Oxford Medical Simulation (OMS) drives scientific competency by combining healthcare training, coaching and evaluation by way of dynamic digital actuality simulations.
Utilizing its award-winning studying platform, OMS bridges idea and follow with immersive simulation eventualities. Providing in-depth insights into scientific efficiency, OMS permits world-leading healthcare programs and educational establishments to scale their training, coaching and evaluation.
