Company Overview
Snapshot
Founded in May 2012 by Gidi Stein, MedAware operates with 11–50 employees. The company has raised $20.87 million across 12 funding rounds from 8 investors.
Business overview
MedAware develops an AI-based medication safety monitoring platform designed to identify patient and provider-specific risks that traditional systems might miss. Its core technology leverages advanced machine-learning algorithms and outlier-detection mechanisms, similar to those used in financial fraud detection, to provide a personalized assessment of medication therapy appropriateness. The company serves the healthcare industry, focusing on providers, care teams, and health institutions, operating within the Digital Healthcare and Medical Decision Support sectors.
Strategic signal
In October 2024, MedAware partnered with Ballad Health's pharmacy team to extend its AI-powered medication safety monitoring to rural healthcare settings. This collaboration highlights MedAware's strategic focus on expanding its reach and demonstrating the adaptability of its technology to diverse healthcare environments, signaling a commitment to improving patient safety across broader geographical and demographic segments.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant recent partnership for MedAware?
- In October 2024, MedAware partnered with Ballad Health's pharmacy team to implement its AI-powered medication safety platform, aiming to bring personalized medication risk monitoring to rural healthcare.
- Which medical center deployed MedAware's platform in 2019?
- In September 2019, Assuta Ashdod Medical Center deployed MedAware's patient safety platform.
- What was the outcome of Harvard researchers' study on MedAware's platform?
- In December 2019, Harvard researchers found significant clinical impact and savings with MedAware's patient safety platform.
- When did MedAware partner with Allscripts?
- In June 2018, MedAware and Allscripts partnered to enhance patient safety and improve interoperability.