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Curadite, Inc logo — Medication Management is challenging... Curadite can help

Curadite, Inc

Medication Management is challenging... Curadite can help

Founded 2016 United States Beaverton, United States 7 employees Seed Health Care, Social Media +1

General Information

Company Name Curadite, Inc
Founded Year 2016
Location United States Beaverton, United States
Employees 7
Industries Health Care, Social Media, Sports
Funding Stage Seed
Social

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About Curadite, Inc

Curadite, Inc. is a health tech startup with a mission to tackle the challenges of medication management, particularly in the areas of substance abuse prevention and medication adherence. The company's Medication Management Platform (MMP) utilizes Internet of Things (IoT) technology, integrating a reusable communication module with disposable, sensor-enabled packaging to monitor and record access to controlled substances, effectively preventing diversion in healthcare settings. Furthermore, the MMP facilitates medication adherence through alerts for patients, their families, or healthcare providers when medications are not taken as prescribed. The significance of Curadite's mission is underscored by staggering statistics. In the U.S., 10-15% of healthcare workers are suspected of controlled substance abuse, reflecting a widespread issue. The economic impact of the opioid crisis in 2015 alone was estimated to be $504 billion by The Council of Economic Advisers. Additionally, poor medication adherence results in 33% to 69% of medication-related hospital admissions, costing approximately $100 billion per year. The potential savings from adherence and disease management could reach $290 billion annually, constituting 13% of health spending. Notably, adherence is lowest among patients with chronic illnesses. In 2017, Curadite secured a Seed Round investment from Elevate Capital, signaling early investor confidence in the startup's innovative approach to addressing critical healthcare challenges. With a focus on the U.S. market, where the healthcare system is ripe for transformative technologies, Curadite is well-positioned to not only improve clinical outcomes but also contribute to substantial cost savings. If successful, the widespread adoption of their technology could potentially reduce health spending by $40 million annually. Curadite's commitment to leveraging IoT to drive patient adherence behavior and generate significant savings in the healthcare industry makes it a compelling investment opportunity in the rapidly evolving health tech landscape.

Business keywords: Medication Management, Substance Abuse Prevention, Medication Adherence, Digital Health, Internet of Things (IoT), Healthcare Savings, Patient Outcomes, Chronic Illness Management, Diversion Prevention, Healthcare Spending, Sensor-Enabled Packaging, Healthcare Providers, IoT Technology

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round Undisclosed 1
Elevate Capital
Elevate Capital
01 Feb 2017

Curadite, Inc Alternatives & Competitors

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Curadite, Inc vs
iTether Technologies
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FAQ About Curadite, Inc

Medication Management is challenging... Curadite can help
Curadite, Inc was founded in 2016.
Curadite, Inc is headquartered in Beaverton, United States.
Curadite, Inc operates in Health Care, Social Media and Sports. Its work centres on Medication Management, Substance Abuse Prevention, Medication Adherence and Digital Health.
Curadite, Inc has approximately 7 employees.
Curadite, Inc has completed 1 funding round. The latest funding stage is Seed.
Top alternatives and competitors to Curadite, Inc include iTether Technologies, Microhealth (digital hematology), Dynamic Health Systems, ZOLL-Itamar Remote Patient Monitoring Business Unit (Formerly Spry Health), Valencell, Inc.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Curadite, Inc and iTether Technologies are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Curadite, Inc, https://bouncewatch.com/company/curadite-inc, updated 28 October 2024. When citing, please name BounceWatch and link this page.

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