Point of Care targets healthcare market

PRIVATE investment of €1.5 million has been raised to launch an Irish private healthcare company in a market estimated to be worth €40m.

Point of Care targets healthcare market

Point of Care will be launched into the Irish market next month and is founded by Jim Joyce, previously country manager for Schering-Plough (Ireland).

The firm will work with acute hospitals to provide specialist infusion services, which are currently primarily offered in hospitals.

This is a new market for Ireland with few firms attempting to break into it, according to Mr Joyce. “Our offering will initially focus on providing infusion services for patients suffering from chronic diseases such as Rheumatoid Arthritis, Crohn’s Disease, Ulcerative Colitis, Severe Psoriasis, Multiple Sclerosis, and Osteoporosis.

“Our therapy coordinators and specialist nurses will work closely with hospital consultants in providing community-based treatment services for their patients.”

Mr Joyce added that they are in discussions with some of Ireland’s health insurers to bring their service on board.

The firm will be headquartered in Dublin, with a network of 20 clinics across Ireland.

The first clinic will open in a city-centre Dublin location in November and Point of Care plans to rollout a further 19 clinics across Ireland over the next two years, including up to three clinics in Munster.

The company has raised the €1.5 million in equity from private investors and it hopes to treat 4,000 patients in its first year of operation.

Mr Joyce said: “This innovative service is based on successful North American community-based health care models. Patients will receive quality and cost effective nursing and infusion care, outside of the hospital setting, with clear benefits to the patients and the health services system in Ireland in cutting healthcare costs, freeing up hospital resources and providing services in a more convenient patient setting.”

“Point of Care will support government health policy in providing patient services in a more convenient community setting.”

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