Mint founder Aaron Patzer has raised $5.2 million USD to launch Vital. The company was co-founded with his brother-in-law Justin Schrager a doctor of emergency medicine at Emory University Hospital. Vital looks to bring same consumer-focused mindset of Mint to ER and hospitals to aid in patient flow.
Investors in the seed funding round include First Round Capital, DFJ, Bragiel Brothers, Meridian Street Capital Refactor Capital and SV Angel. Alongside angel investors Vivek Garipalli, the chief executive of CloverHealth and Nat Turner and Zach Weinberg, the founders of Flatiron Health. Investors are hoping that Patzer can bring the same kind of excitement and magic to the healthcare industry that he did to financial services.
“The HITECH* Act was well-intentioned, but now hospitals rely on outdated, slow, and inefficient software – and nowhere is it more painful than in the emergency room,” said Patzer, in a statement. “Doctors and nurses often put more time into paperwork and data entry than patient care. Vital uses smart, easy tech to reverse that, cutting wait times in half, reducing provider burnout and saving hospitals millions of dollars.”
Vital is selling its service to ER with a price of $10,000 per month.