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Innovative Home Nursing Service raises Funding for Growth

MediHome Ltd, a Berkshire-based company that provides a unique acute nursing care service to patients in their own homes, enabling them to leave hospital earlier, has raised £250,000 through Thames Valley Investment Network (TVIN), a business angel investment network operating in Reading and surrounding areas. The funding will enable MediHome to expand its innovative home care service into the key NHS market.

MediHome was founded in 2002 by two NHS doctors, Dr Mark Lomax and his brother, Dr David Lomax, a consultant anaesthetist at a London teaching hospital, who saw an opportunity to provide a high quality, home-based nursing care service to support both patients and hospitals. The MediHome service is unique in the UK and is a model of global best practice based on the founders’ extensive research and experience of home care systems in Australia and the US.

Dr Mark Lomax, Managing Director of MediHome, said:
“Many patients prefer to come home as soon as possible after an operation but in the UK it is difficult to receive post-operative care outside of a hospital ward. MediHome solves this problem by providing highly skilled nursing staff to deliver the
post-operative treatment packages that have been prescribed by doctors, to patients in the comfort and familiar surroundings of their homes. Treatments can range from setting up and changing intravenous infusions or administering medication to monitoring and changing wound dressings. We can also provide additional services such as a physiotherapist at home if patients need this.”

All the MediHome nurses have substantial experience. Individual patient care packages are planned ahead of surgery and the nurse is responsible for delivery of the treatment, which is done in accordance with the doctor’s directions. Daily email progress reports are sent to the doctor and all patients have a 24 hour hotline to a MediHome nurse in case of queries or problems.

Dr Lomax continued:
“We aim to provide a seamless transition from hospital to home with continuation of a specialised acute treatment service in the home instead of on a hospital ward. By enabling patients to go home earlier, everyone benefits. Patients welcome the choice of treatment at home and empirical studies show that they recover faster in their own homes as well as experiencing lower re-admission rates. And anxiety about the risk of exposure to MRSA and other hospital acquired infections makes home treatment an increasingly attractive option. Hospitals can reduce costs by between 30 and 50% as MediHome frees up beds that would otherwise be occupied by recovering patients. MediHome is also a cost-effective option for medical insurers funding private healthcare.”

Dr Lomax praised Thames Valley Investment Network (TVIN):
“The TVIN Network ensured that the fundraising process was as smooth as possible. We presented our business opportunity at one of TVIN’s monthly investment meetings and were delighted to secure the crucial funding we needed to break into the key NHS market from a syndicate led by one of their investor members.”

Eileen Modral, Manager of the TVIN Network said:
“We were pleased to help MediHome secure the finance needed to grow their business. MediHome offers a unique service in the UK and is well-placed to exploit an increasing trend towards medical treatment in the home. ”

Dr Lomax concluded by highlighting the work of NHS Innovations South East:
“In developing our concept into a business we had to overcome a number of challenges, including access to relevant contacts and funding options. However, since then, we are aware that NHS Innovations South East (NISE), an organisation that helps healthcare staff to commercialise their healthcare innovations, has been set up. NISE has already made significant progress in helping NHS staff commercialise ideas ranging from new medical devices to better patient procedures. So the future for healthcare staff wishing to develop

Publisher Contact Information:

Thames Valley Investment Network (TVIN)
+44 (0)1865 811127

Company profile of Thames Valley Investment Network (TVIN)
Past press releases of Thames Valley Investment Network (TVIN).


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