HUDSON, Ohio — Clinical Outcomes Management Systems, which services long-term nursing facilities, has raised about $1.2 million, according to a filing with the Securities & Exchange Commission.
The money will ignite a new sales effort for the business, which is also called COMS Interactive. The Cleveland-area company is a formal spin off of STA Healthcare and claims its software and services can extend nursing home stays and cut down on hospital visits for patients, which increases revenue for the facilities.
The product tracks the diseases that regularly cause the most problems for long-term care residents and also promises to more efficiently manage patients as they come in and out of a facility.
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COMS Interactive will use most of the money to engineer and deliver the product, said Edward Tromczynski, who joined COMS Interactive as chief executive officer four months ago. Tromczynski co-founded the travel software and services company PlanSoft, which is now part of starCITE.
Since April the company has raised fresh capital, consolidated a disparate 15-member full-time workforce into the Cleveland area, and completed a new version of its product it’s now offering to the market. It will deploy into eight nursing homes over the next eight weeks, Tromczynski said.
The company will be positioned to take advantage of an increasing aging population while providing data on the best ways to deal with patients who often are dealing with more than a half-dozen afflictions: from diabetes to Alzheimer’s to dementia. Providers will be able to use COMS Interactives services to quickly review case histories of several similar patients with those afflictions, as well as patients that match the age, gender and other similar patient profile.
“We’re looking at ownership and management groups — up to someone who owns 40 homes,” Tromczynski said. “The benefit for the product is more than individual homes. You can push a button and run revenue generation figures for all 40 homes.”
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The funding was lead by Cleveland’s Carleton Advisors. Other investors included Portal Capital and Zapis Capital Group.
