Hospitals should be places of healing, not unnecessary stressors. Durham native Cam Sexton has set out to make hospitals—and their operating rooms—more efficient with his company RelayOne.
You can judge that proposed solution for yourself when Durham-based RelayOne presents at CED’s Venture Connect Summit (March 17-19 at the Raleigh Convention Center).
RelayOne makes a software platform for hospital systems to use that allows them to easily coordinate surgical procedures with surgical teams and vendors. Currently most hospitals use a manual process when scheduling surgeries, which is not only time-consuming, but also not secure.
Sexton said his company has built a system to simplify the process so it’s not such a burden to hospital staff. He knows the process firsthand as he used to work as a sales representative for surgical devices. Sexton would have to be physically present at the hospital in order to have access to the hospital’s scheduling. After seeing how much easier his daily life would be if he had virtual schedule access, he knew other people would be willing to pay for the service.
Together, Sexton, Tyler Droll, Eddie Sidenstricker and Tom Chernetsky founded RelayOne in 2018.
Now, using information from the cloud, device representatives—as well as doctors and nurses—can all see the surgical schedules from their phones.
The company also employs two contracted representatives in addition to the four co-founders.
RelayOne is attacking rising healthcare costs in a different way, Sexton said. They’re taking on a market that not a lot of people understand, but is a quite significant one. Operating rooms, where surgeries take place, account for about 70% of hospital revenues, he said. By making the scheduling surgeries more efficient, everyone benefits.
The company raised $500K from Cary’s Cofounders Capital last May. Sexton said that right away, they found that Cofounders was a great fit for RelayOne above and beyond the capital it provided.
The company has deals with four healthcare systems that include 64 hospitals. It only took about 10 months to sign all four deals, Sexton said.
“A number of new deals will be closing in the next quarter,” he said. “As a company, we’ve got a lot of momentum going into 2020.”
RelayOne will be pitching at the Venture Connect on Wednesday, March 18, around 11:55 a.m.