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.
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.”