Medicity company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

medicity.com

Founded Year

1999

Stage

Acquired - II | Acquired

About Medicity

Medicity is a provider of HIE technology - with more than 800 hospitals and 250,000 physicians in its connected ecosystem. Medicity's solutions empower hospitals, physicians and HIEs with secure access to and exchange of health information - improving the quality and efficiency of patient care locally, regionally and nationally.

Medicity Headquarter Location

56 East Broadway Suite 100

Salt Lake City, Utah, 84111,

United States

801-322-4444

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Medicity

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Medicity in 2 CB Insights research briefs, most recently on Feb 24, 2020.

Expert Collections containing Medicity

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Medicity is included in 1 Expert Collection, including Digital Health.

D

Digital Health

12,801 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

Medicity Patents

Medicity has filed 10 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/3/2014

3/24/2015

Health informatics, Clinical research, Clinical data management, Electronic health records, Data management

Grant

Application Date

2/3/2014

Grant Date

3/24/2015

Title

Related Topics

Health informatics, Clinical research, Clinical data management, Electronic health records, Data management

Status

Grant

Latest Medicity News

World’s leading pill counting app’s Korean developer ‘Medicity’ attracts investment

May 2, 2022

South Korea’s pharma tech startup Medicity, the developer of the world’s No. 1 pill counting app Pilleye , has attracted pre-A investment from Kakao Ventures and BA Partners. The amount is confidential. Medicity’s Pilleye is an app that provides an Artificial Intelligence (AI)-based pill counting service. Since its launch in December 2020, it has received a good response, securing more than 150,000 pharmacists from 216 countries as customers in about a year. Medicity helps pharmacists work more efficiently by improving drug dispensing and pharmacy operation systems. Pilleye is an app created based on the experience of founder Park Sang-eon, who has been operating a pharmacy for ten years. Pilleye is increasing user base in the US & Canada  Pharmacists spend a certain amount of time each day counting and packing pills. The reality is that counting by hand is cumbersome and time-consuming, errors occur, and it is challenging to manage comprehensive data. But with Pilleye, dispensing prescriptions or managing drug inventory is much easier. Currently, it is possible to count up to 1000 tablets with an accuracy of 99.99% with one shot of a smartphone using Pilleye. Sorting using the app is more than 20 times faster than counting by hand, allowing pharmacists to focus on their work, free from the task of repeatedly counting pills. Another advantage is that all this data can be recorded and easily collected for management. As of 2022, the number of monthly users for Pilleye in the US and Canada has exceeded 50,000. It is attracting attention in the industry for its high accuracy and speed compared to existing services. Medicity plans to grow the pill counting app into a global pharmacy platform by helping the pharmacy operation more efficiently in pharmaceutical inspection and inventory management. In particular, as it becomes mandatory in the United States next year to record the entire process from drug production, distribution, and prescription, users’ needs for automated drug inventory management are expected to increase. Park Sang-eon, CEO of Medicity, said, “Based on rapid growth, we have monopolized the largest amount of pill image data in the industry. We want to become a global company that can contribute to global health through the digital transformation of pharmacies.” Kim Kim-won, managing director of Kakao Ventures, said, “This company, which started to solve the inconvenience of a former pharmacist, is highly likely to grow into a platform that helps pharmacists in general.” Also Read,

  • When was Medicity founded?

    Medicity was founded in 1999.

  • Where is Medicity's headquarters?

    Medicity's headquarters is located at 56 East Broadway, Salt Lake City.

  • What is Medicity's latest funding round?

    Medicity's latest funding round is Acquired - II.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.