SC Launch Presents 'Big Check' to CareCam Innovations
January 23, 2011
Invests $200,000 in Greenville-Based Company
GREENVILLE, SC – January 21, 2011 – SC Launch, an SCRA affiliate, presented a big check to its most recent Portfolio Company, CareCam Innovations, during an SC Launch Networking Reception on Thursday.
Group shot at right: CareCam Management Team and SC Launch Executiveswith the “big check” presented at the SC Launch Networking event. (l. to r) Bo Aughtry, Tom Epting, Shannon Pierce, Michael Bucci, Dave McNamara and Ray Schroeder.
Shannon Pierce: CareCam Founder and President Shannon Piercethanks SC Launch for their support and investment.
CareCam Innovations is a Greenville-based company formed to equip people for care. CareCam Innovation’s vision is for video to become the standard of health care documentation.
The company’s first product, the CareCam System’s ICan, is a patient-issued video documentation system. This patented invention creates a specific and complete electronic point of care health record whose interoperability will save time and money for caregivers. The technology ensures safety while benefiting and protecting both patient and health provider.
The company’s President and Founder is registered nurse Shannon Pierce.
As a nurse I have seen firsthand the advantages that a technology like the CareCam ICan can provide, stated Pierce. As electronic medical records are established in the healthcare market, the addition of our technology can provide and improve advancements in patient care. The current focus tends to be on being paperless and not the patient. Electronic medical records (EMRs) have led to improvements; however, the data entry distracts clinicians from care. Our solution simplifies accurate record keeping with video. Events are tagged by the care providers while care is administered. CareCam documentation will be integrated as a part of the patient’s health record and provide real-time video documentation that gives healthcare providers a visual record rather than just written, typed, and inefficiently organized descriptions.
Also leading the company as its Chief Medical Officer is Upstate Neurosurgeon Michael Bucci, M.D. We started this company hoping to improve health care delivery. CareCam documentation is a practical method of documentation that creates an accurate, objective, complete and secure record. It allows the clinicians to be engaged and at the bedside. Life saving recall is immediate and organized for the clinicians: others are organized for the payer sources. Our solution works well for both, stated Bucci. Our initial product development and related feedback has been very encouraging, and with this investment from SC Launch, we will be able to secure follow-on investments and move closer to product implementation.
Dr. Michael Bucci and Ray Schroeder, the president and CEO of Interim Healthcare, partnered with Pierce in 2004. Shannon’s solution made sense. Practical wisdom applied to a broken system is how innovation occurs. Mike, Shannon and I met, CareCam Innovations was formed and our first patent was pursued, states Schroeder. Bo Aughtry and Russell Smart of Windsor Aughtry Company began mentoring Shannon in 2008. As a result of the collaboration, a business plan was complete and both men joined the founders as partners in CareCam Innovation in 2010.
CareCam Innovations is an emerging company that is meeting milestones and making great progress, said SC Launch Director Dave McNamara. We are delighted to have CareCam as our newest Portfolio Company.
This company offers great promise as a member of South Carolina’s Knowledge Economy, stated SCRA CEO Bill Mahoney. CareCam Innovations offers a win-win with improved patient care through medical device technology and quality jobs resulting in economic benefit for our state.
SCRA has provided funding and support, through its SC Launch program, for 188 qualified entities since its inception in 2006. The SC Launch program has attracted more than $104 million in add-on, private equity investment funding in South Carolina knowledge-based, start-up companies.
About SCRA
http://www.scra.org
SCRA is a global leader in applied research and commercialization services with its headquarters in South Carolina. SCRA has a dual mission:
- To deliver technology solutions to complex challenges – SCRA affiliate Advanced Technology International (ATI) leads applied research collaborations that develop technologies to improve the mission effectiveness of Federal agencies and the business execution of Corporations. Learn more at www.ati.org.
- To advance the Knowledge Economy – SCRA affiliate SC Launch is an economic development program that helps early-stage companies to commercialize innovations and create jobs. Learn more at www.sclaunch.org.
In support of both missions, SCRA builds and manages research facilities that include wet labs, secure rooms for sensitive work and advanced high-tech manufacturing shops.
