What is ExactMed?
ExactMed Solutions specializes in creating advanced software designed to enhance the quality of care within long-term care, assisted living, and home care environments. Founded by veterans with over two decades of experience in long-term care pharmacy services, the company leverages deep expertise in medication management, safety, and compliance. Their flagship product, iMAR, is an innovative eMAR (electronic Medication Administration Record) system that utilizes a touch screen interface and bar code technology to guide critical medication pass functions, prevent errors, and provide real-time updates. This technology is pivotal in helping healthcare providers meet stringent compliance needs and achieve high-quality care standards, positioning ExactMed as a pioneer in medication management software for the long-term care industry.
How much funding has ExactMed raised?
ExactMed has raised a total of $93K across 1 funding round:
Debt
$93K
Debt (2021): $93K with participation from PPP
Key Investors in ExactMed
PPP
Public-Private Partnership
W.P. Malone, Inc.
The parent company of ExactMed Solutions, W.P. Malone, Inc. has a foundational role in the company's establishment and likely continues to provide strategic oversight and support.
Undisclosed investor
An undisclosed investor participating in the funding round, contributing to the company's overall capital structure and growth initiatives.
What's next for ExactMed?
With the recent influx of substantial expansion capital, ExactMed is poised for accelerated growth. The company's strategic focus will likely involve enhancing its iMAR platform, expanding its sales and marketing efforts to reach a broader client base, and potentially exploring new market segments within the healthcare technology landscape. The significant funding at this stage suggests a strong investor confidence in ExactMed's business model and its potential to further revolutionize medication management in long-term care settings. Future developments may include further integration with other healthcare systems and the introduction of advanced analytics to support operational efficiency and patient safety.
See full ExactMed company page
