MedAware

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 tools might miss. The company's AI engine utilizes 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. MedAware serves the healthcare industry, operating within the Health Tech & Life Sciences sector, specifically focusing on Digital Healthcare and Medical Decision Support, and targets providers, pharmaceutical companies, and insurance companies.

Strategic signal

In October 2024, MedAware partnered with Ballad Health's pharmacy team to integrate its AI-powered medication safety platform into rural healthcare settings. This collaboration demonstrates MedAware's ability to expand its reach and apply its technology to address critical patient safety needs in underserved areas, signaling a strategic focus on broader market adoption and impact within the healthcare ecosystem.

Company Intelligence Q&A

What is MedAware's core technology?

MedAware's core technology is an AI engine powered by advanced machine-learning algorithms and outlier-detection mechanisms. This technology is used to identify prescribing anomalies and provide personalized insights into medication therapy appropriateness.

Which medical centers have deployed MedAware's platform?

In September 2019, Assuta Ashdod Medical Center deployed MedAware's patient safety platform. Sheba Medical Center also bolstered its patient safety practices with MedAware's platform in September 2018.

What was a key finding validated by MedAware in 2020?

In December 2020, MedAware validated an emerging risk to patient safety, linking physician burnout and lack of experience to prescription errors.

Has MedAware formed any strategic partnerships?

In October 2024, MedAware partnered with Ballad Health's pharmacy team to bring personalized medication risk monitoring to rural healthcare. Additionally, in June 2018, MedAware partnered with Allscripts to enhance patient safety and interoperability.