• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Life Sciences
  • Investments
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage

Digital Medical Tech Raises $1.5M for Hospital Management & Asset Tracking

by Fred Pennic 08/26/2019 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print
Digital Medical Tech Raises $1.5M for Hospital Management & Asset Tracking

Digital Medical Tech (DMT), an Annapolis, MD-based solution provider for hospital management and asset tracking, recently raised $1.5 million in seed capital led by DMTI Capital Partners, LLC. The company plans to use the funding to launch a nationwide engagement program for targeting healthcare providers and potential partnerships.

Solutions for Hospital Management & Asset Tracking

Founded in 2016 by CEO Matthew Nicholson, Digital Medical Tech’s enables health systems to proactively track medical equipment and devices using Bluetooth Low Energy (BLE) beacons. The company’s real-time location system (RTLS) monitors and manages medical assets while requiring less infrastructure and shorter installation time compared to other tracking solutions.

The platform features a single-sourced interface to manage surgical scheduling, vendor communication, and the tracking of surgical trays. The online management & reporting portal allows staff to easily track and manage assets, schedule surgeries while providing open communication to involved parties and generate reports.

Recent Traction/Milestones

Digital Medical Tech recently graduated from the Cedars-Sinai Accelerator business program powered by Techstars.  In addition, the company currently has pilot programs at Cedars-Sinai Medical Center in Los Angeles, CA.; Keck Medicine of USC; and American Medical Concepts, an exclusive distributor for Stryker Corporation, in Portland, OR.

Why It Matters

“Our technology platform ensures that medical equipment is delivered and tracked,” said Nicholson. “This type of tracking means instruments and equipment are instantly located to eliminate costly search time. It also reduces the hunt for lost or misplaced items while increasing patient safety thanks to this visual solution.” Nicholson added that “our state-of-the-art system benefits everyone within the healthcare institution–from security to department heads–by communicating if an asset remains idle or is removed from a specified zone.”

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: Bluetooth, Bluetooth Low Energy, Cedars-Sinai, Health Systems, MD, Partners, patient safety, Portal, Stryker, Techstars

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Interview

Reach7 Diabetes Studios Founder Chun Yong on Reimagining Chronic Care with a Concierge Medical Model

Most-Read

Bayer Exits Radiology AI Market, Discontinuing Calantic and Blackford

Bayer Exits Radiology AI Market, Discontinuing Calantic and Blackford

Oracle Health Launches AI Center of Excellence for Healthcare

Oracle Health Launches AI Center of Excellence for Healthcare

Particle Health Addresses Integration to Epic Data Despite Dispute

US Court Allows Particle’s Antitrust Claims Against Epic to Proceed

Epic Launches Comet: A New AI Platform to Predict Patient Health Journeys

Epic Launches Comet: A New AI Platform to Predict Patient Health Journeys

Preparing for the ‘Big Beautiful Bill’: How Digitization Can Streamline Medicaid Eligibility & Social Care Delivery

Preparing for the ‘Big Beautiful Bill’: How Digitization Can Streamline Medicaid Eligibility & Social Care Delivery

Evernorth Health Services Invests $3.5B in Shields Health Solutions

Evernorth Health Services Invests $3.5B in Shields Health Solutions

KLAS Report: Oracle Health Faces Customer Losses and Declining Satisfaction

KLAS Report: Oracle Health Faces Customer Losses and Declining Satisfaction

Tempus AI Acquires Digital Pathology Leader Paige for $81.25M

M&A:Tempus AI Acquires Digital Pathology Leader Paige for $81.25M

Mira Launches Ultra4™, the First At-Home Hormone Monitor with Lab-Quality Insights

Femtech: Mira Launches Ultra4™, the First At-Home Hormone Monitor with Lab-Quality Insights

How Healthcare CIOs Can Solve the Unstructured Data Crisis and Reduce Storage Costs

How Healthcare CIOs Can Solve the Unstructured Data Crisis and Reduce Storage Costs

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |