IDENTI Medical Overview
IDENTI designs, develops, and produces data collection solutions for the surgery and procedural setting. The company uses a combination of artificial intelligence, machine learning, RFID, and image recognition technology to give healthcare providers complete control over their medical inventory, boosting patient safety and improving business processes. IDENTI's healthtech tools facilitate full and accurate tracking of medical implants and supplies used during procedures and surgeries. Seamless integration with hospital systems delivers accurate surgical charting, data-driven inventory management, product integrity (recall and expiration management), and optimized medical billing. Organizational benefits include streamlined workflows, reduced wastage, lower costs, optimized revenue, and enhanced patient safety. In addition, IDENTI's clinician-friendly solutions reduce the time that nurses spend on supply chain admin. AI cloud software provides management information that improves healthcare providers' visibility and control of medical devices, surgical implants, consumables, controlled drugs, and general supplies. IDENTI's solutions provide shared inventory vision between manufacturers, suppliers, and healthcare providers, building trust and transparency and optimizing supply chain management. The company's products are all supported by a cloud platform providing reports, metrics, and insights. Snap & Go image recognition and AI technology captures, identifies, and records items used in surgery. Preconsumption expiry and recall alerts are also a feature. The Total Sense Cabinet is a smart RFID cabinet that enables the automatic, real-time tracking of implants, tissue, and medical devices. The secured Narcotics Cabinet is an automated system for the decentralized management and administration of controlled substances and narcotics in the surgical setting. Kanban and PAR automation tools for healthcare include a digital, wireless, weight-based PAR bin.
Latest News
growth-positive
IDENTI launches the first wireless, weight-based PAR bin - at AHRMM22
IDENTI Medical has announced the US launch of its wireless, weight-based PAR bin, which offers a complete upgrade from existing PAR scale-based solutions. The new bin is portable, with in-built weighing scales and a digital display, and it links up to a managing system that triggers an automated order when the pre-set PAR level is reached. IDENTIs hybrid Kanban and PAR solutions have already reduced the time spent by logistics staff by more than 50% and eliminated the need for nurses to be involved in the process. The company is also launching its image-recognition technology called Snap & Go at the AHRMM event, which captures, records, and bills medical implants and consumables in just 3 seconds. IDENTI Medical is a leading technology company that combines AI management software with easy-to-use tools for effective hospital inventory management.
Customers
Identi Medical Wins the Frost & Sullivan Product Innovation Award for Increasing Inventory Visibility in Operating Rooms Using Image Recognition
growth-positive
IDENTI Medical Signed a Deal with a Network of 14 Hospitals to Improve Patient Safety in Operating Rooms
IDENTI Medical has signed an agreement with Clalits Healthcare System to supply digital image recognition systems for 14 hospitals. The installation of over 250 systems will improve patient safety and the operation of operating and procedure rooms. The agreement is a recognition of the technological efficiency and value that IDENTI brings to hospitals. IDENTIs solutions help hospitals streamline inventory management and maximize the business potential of operating and procedure rooms. The companys flagship product is an advanced image processing and machine learning sensor that documents and manages clinical and operational information of medical implant data used during surgery. Among the companys clients are Johnson & Johnson, Medtronic, and world-renowned hospitals.
PartnersCustomers
growth-positive
המנכ"ל שרוצה לעשות סדר בחדרי הניתוח
איידנטי הלתקייר, an Israeli medical equipment company, has raised 27 million shekels (approximately $8.3 million) in a recent funding round. The company, which was founded in 2017, specializes in medical logistics, ensuring that medical products are not forgotten inside the body during surgery. The companys products are used in hospitals in Israel, the US, Europe, and South America. Despite the investment, the companys shares are currently trading at a modest valuation of less than 70 million shekels (approximately $21.5 million), reflecting a negative return of 35% from the issuance.
CustomersInvestment
growth-positive
IDENTI Medical will provide B. Braun with automated systems for managing surgical sutures in operating rooms - IDENTI Medical
The article discusses IDENTI Medicals solutions for medical inventory management, including their Snap & Go system that uses image recognition technology to capture UDI information. The company also offers Kanban for Healthcare, a supply management method that incorporates RFID technology. IDENTI Medical provides a complete solution for Smart Cabinets with advanced UHF RFID technology. The article emphasizes the importance of accurate inventory management in healthcare organizations and the benefits of using technology to automate the process. It also highlights the challenges of expiration date management and the need for efficient solutions. The article does not mention any specific customers, partners, investment or acquisition details. The date of the event described in the article is not provided.
CustomersPartners
| Sector | Health Tech & Life Sciences |
Funding
| Total funding | $8.3M |
| Last funding | $8.3M |
| Stage | Public |
| Rounds | 1 |
| Investors | 0 |
Team Members
4
Employees: 11-50
Web & Social Links
| Website | identimedical.com/ |
| Google Play | Google Play |
Locations
Yad Harutsim Street 29, Netanya, Israel
999 South Oyster Bay Rd Suite 307 Bethpage, NY 11714, USA
Photos & Videos
5 item(s)
IDENTI Medical Business
Business models
B2B
Product stage
Released
Employees
11-50
Sector
Industrial TechnologiesOperational Optimization SolutionsHealth Tech & Life SciencesDigital HealthcareClinical WorkflowTarget Customer
Healthcare & Life SciencesHealthcareProvidersCore Technology
Platforms & InterfacesSoftwareMobileArtificial IntelligenceMachine LearningImage RecognitionData StorageCloudCommunicationsRFIDSensingTags (32)
clinical-trialsindustry-4.0healthcare-providersmedical-technologiessafetypatient-caresupply-chaindiagnosticsmedical-devicesmachine-learningdata-analyticshospitalsreal-timemobile-applicationshealthcare-itenterprise-solutionsimage-recognitionrfidalert-systemnon-surgicaldigital-healthcarecloud-basedinventory-managemententerprise-softwareclinical-workflowface-recognitionsensorsartificial-intelligenceoperating-roomsimage-processingmonitoringsurgerySolutions
{"title":"Healthcare","description":"IDENTI Medical provides an RFID-based inventory management solution for high-value medical devices in healthcare settings, enabling real-time tracking, automated charge capture, and optimized stock levels to reduce waste and increase revenue.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":3,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":3,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Agility & Innovation","value":3,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}}]}
{"title":"Medical Devices","description":"IDENTI Medical's RFID-based solution provides real-time, automated inventory management for high-value medical devices like TAVR, reducing manual labor, errors, waste, and improving visibility and compliance for companies like Medtronic.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":2,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":3,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
{"title":"Healthcare","description":"IDENTI Medical's Total Sense Smart Cabinets provide real-time, automated inventory management for medical supplies and implants within hospitals, reducing manual tasks, optimizing stock levels, and improving billing accuracy.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":2,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":3,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Agility & Innovation","value":3,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}}]}
{"title":"Healthcare","description":"IDENTI Medical provides an RFID-based inventory management system that automates the tracking and management of medical supplies, including high-value implants and consumables, within healthcare facilities to reduce costs, improve efficiency, and enhance patient care.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":3,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":4,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
{"title":"Healthcare","description":"RFID-based system for automated tracking and management of surgical instruments and trays, eliminating manual counting and improving efficiency and safety in hospital sterile processing departments.","items":[{"name":"Revenue Growth","value":3,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Operational Efficiency","value":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":2,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":3,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Agility & Innovation","value":3,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}}]}
Use Cases
HOW A US TRAUMA CENTER INCREASED COST-SAVINGS AND REVENUEMedtronic Elevates Digital Management of High-Value TAVR InventoryCase Study: Total Sense Smart Cabinets at Sheba Medical Center, IsraelTransforming inventory management at The Heart, Vascular & Leg Center, CAHillel Yaffe Medical Center – Snap & Go TestimonialsGeographic Markets
North AmericaWestern EuropeGlobalSouth AmericaIDENTI Medical Financials
$8.3M
Total funding
—
Capital raised
$8.3M
Last funding
Public
Funding stage
1
Total rounds
0
Investors
Public Offering / Exit
POEvent
Jun 2021
Undisclosed
IDENTI Medical Lifecycle
All Events
POEvent
Jun 2021
Undisclosed
IDENTI Medical News
12 articles
growth-positive
IDENTI launches the first wireless, weight-based PAR bin - at AHRMM22
IDENTI Medical has announced the US launch of its wireless, weight-based PAR bin, which offers a complete upgrade from existing PAR scale-based solutions. The new bin is portable, with in-built weighing scales and a digital display, and it links up to a managing system that triggers an automated order when the pre-set PAR level is reached. IDENTIs hybrid Kanban and PAR solutions have already reduced the time spent by logistics staff by more than 50% and eliminated the need for nurses to be involved in the process. The company is also launching its image-recognition technology called Snap & Go at the AHRMM event, which captures, records, and bills medical implants and consumables in just 3 seconds. IDENTI Medical is a leading technology company that combines AI management software with easy-to-use tools for effective hospital inventory management.
Customers
Identi Medical Wins the Frost & Sullivan Product Innovation Award for Increasing Inventory Visibility in Operating Rooms Using Image Recognition
growth-positive
IDENTI Medical Signed a Deal with a Network of 14 Hospitals to Improve Patient Safety in Operating Rooms
IDENTI Medical has signed an agreement with Clalits Healthcare System to supply digital image recognition systems for 14 hospitals. The installation of over 250 systems will improve patient safety and the operation of operating and procedure rooms. The agreement is a recognition of the technological efficiency and value that IDENTI brings to hospitals. IDENTIs solutions help hospitals streamline inventory management and maximize the business potential of operating and procedure rooms. The companys flagship product is an advanced image processing and machine learning sensor that documents and manages clinical and operational information of medical implant data used during surgery. Among the companys clients are Johnson & Johnson, Medtronic, and world-renowned hospitals.
PartnersCustomers
growth-positive
המנכ"ל שרוצה לעשות סדר בחדרי הניתוח
איידנטי הלתקייר, an Israeli medical equipment company, has raised 27 million shekels (approximately $8.3 million) in a recent funding round. The company, which was founded in 2017, specializes in medical logistics, ensuring that medical products are not forgotten inside the body during surgery. The companys products are used in hospitals in Israel, the US, Europe, and South America. Despite the investment, the companys shares are currently trading at a modest valuation of less than 70 million shekels (approximately $21.5 million), reflecting a negative return of 35% from the issuance.
CustomersInvestment
growth-positive
IDENTI Medical will provide B. Braun with automated systems for managing surgical sutures in operating rooms - IDENTI Medical
The article discusses IDENTI Medicals solutions for medical inventory management, including their Snap & Go system that uses image recognition technology to capture UDI information. The company also offers Kanban for Healthcare, a supply management method that incorporates RFID technology. IDENTI Medical provides a complete solution for Smart Cabinets with advanced UHF RFID technology. The article emphasizes the importance of accurate inventory management in healthcare organizations and the benefits of using technology to automate the process. It also highlights the challenges of expiration date management and the need for efficient solutions. The article does not mention any specific customers, partners, investment or acquisition details. The date of the event described in the article is not provided.
CustomersPartners
growth-positive
Hadassah Medical Organization Signs 7-year Contract with IDENTI Medical - IDENTI Medical
The article discusses IDENTI Medical, a company specializing in medical inventory management. They offer solutions such as Snap & Go, which uses image recognition technology to capture medical product information, and Kanban for Healthcare, a supply management method. The article also mentions the adoption of a new item identification standard by GS1, with companies like Johnson & Johnson and Boston Scientific using UHF RFID for product tagging. IDENTI Medical provides smart cabinets with embedded UHF RFID for automated inventory management. The article emphasizes the importance of accurate inventory management, expiration date management, and the need for semi-autonomous systems to reduce administrative tasks for medical staff. The companys impact is growth-positive as their solutions aim to improve efficiency and revenue capture in healthcare organizations.
CustomersPartners
growth-positive
Data sensing co IDENTI Medical completes TASE IPO
Israeli medical data sensing company IDENTI Medical has raised NIS 27 million in an oversubscribed IPO on the Tel Aviv Stock Exchange. The companys valuation is NIS 75 million. IDENTI Medical has developed a cloud platform and an autonomous sensor array for the management of valuable medical implants and narcotics in operating and procedure rooms. The funds raised will be used for the rapid implementation of the companys growth strategy and to maintain its leadership as an innovative, global corporation. IDENTIs technology is used in 90% of Israel hospitals and the company has signed agreements and pilot projects abroad. Its solutions help maximize the business potential of operating and procedure rooms by streamlining inventory management and meeting regulatory requirements.
InvestmentPublic Trading
growth-positive
איידנטי מדיקל מגייסת כ-40 מיליון ש בהנפקה בבורסת ת"א -
Identify Medical, a cloud-based medical services company, is preparing for an initial public offering on the Tel Aviv Stock Exchange. The company has developed a cloud-based platform, artificial intelligence, and autonomous sensor system for collecting data on medical implants. The development will help hospitals streamline operations and protect patient safety. Identify Medical aims to raise approximately 40 million shekels in the IPO. The company has already entered into agreements and pilots with hospitals in Israel, the United States, Europe, and Japan. The IPO is seen as a significant breakthrough in the digitalization of the medical industry.
Public TradingExpand
growth-positive
Israel's IDENTI Medical will provide its AI-driven solutions to 1,000 French hospitals
IDENTI, an Israeli technology company, has won a tender with French procurement organization UniHA to provide its digital platform for the management of medical implants and supplies. The four-year agreement will see IDENTIs technology implemented in 1,000 hospitals across France. The solution, which connects smart cabinets to a mobile app, will improve hospital management processes and reduce budget costs. IDENTIs data-capture sensors will track and manage core inventory, connecting hospitals with medical suppliers via its AI cloud-based management platform. The value of transactions over the next four years is estimated to be more than €3 million (USD $3.5 million).
Customers
growth-positive
Sheba Medical Center Reports Cost Savings With RFID Cabinet Solution
Sheba Medical Center in Israel is using LogiTags RFID-based cabinet system to manage catheter labs and high-value medical supplies. The system allows the hospital to have real-time data on stock levels, prevent expiration of medical supplies, and reduce excess inventory. LogiTag reports that 90 percent of Israeli hospitals are using their RFID solution. The technology has resulted in cost savings for Sheba Medical Center, with a reduction in excess inventory by $2-3 million. The system has also improved inventory management, reduced disputes with suppliers, and eliminated waste related to expiring items. LogiTag offers RFID solutions for various markets and their Smart Cabinet technology has been successful in reducing costs and improving efficiency in hospital inventory management.
Customers
growth-positive
Why Collecting Information in the OR Is Vital
The article discusses the challenges faced by hospitals in data collection and management, particularly in operating rooms. It highlights the need for automated data collection solutions that are tailored to the specific needs of operating rooms. The lack of accurate data collection can lead to financial losses for hospitals. The article mentions that the healthcare information industry is forecasted to grow by 8.2% by 2026. It also emphasizes the importance of data integrity, cost retrieval, and compliance with FDA regulations. The use of machine learning and artificial intelligence is identified as a potential solution to improve data collection in operating rooms. The article mentions LogiTag Medical Solutions as a company that offers comprehensive data collection solutions for hospitals.
Customers
growth-positive
How to create a patient-centric supply chain: A simple guide for hospitals
The article discusses the importance of patient-centric care in healthcare and outlines six steps to create a more patient-centric supply chain. The steps include creating synchronisation between clinical and operational data, preventing mistakes before they happen, improving connectivity throughout the supply chain, choosing the correct technology, relieving nurses of inventory duties, and utilizing the power of AI. The article emphasizes the need for efficient and effective systems that prioritize human well-being. The impact on the company is growth-positive as implementing a patient-centric supply chain can enhance patient satisfaction and improve the quality of healthcare.
CustomersPartnersInvestmentManagement Changes
IDENTI Medical Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 35 |
| Team members | 4 |
Similar Companies
Similar companies data is computed dynamically and not stored in the entity profile. This section requires implementing a similarity query (e.g. by classification overlap, sector, district).
This entity has 20 classification IDs that could be used for matching.
IDENTI Medical Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 100/100 |
| Missing | funding rounds, markets |
| BI Verification | Yotam Maman |
| Registrar ID | 515679405 |
| Phone | +97298354848 |
| Creator | Or Lomnitz |
| Creator email | orl@logi-tag.com |
| Last updater | Yanina Wainscheinker |
| Updater email | yanina.wainscheinker@sncentral.org |
| Last update | 2023-01-16T00:00:00.000Z |
| Created | 2021-03-14T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on TASE on Jun, 2021<br> |