About Med-Compliance IQ
Med-Compliance IQ is a Healthcare company based in Powell (United States) founded in 2015. Wound images are captured, analyzed, and stored via mobile app. Med-Compliance IQ has raised $555.02 thousand across 5 funding rounds from investors including HHS and Ohio Department of Development. Med-Compliance IQ offers products and services including WoundWiseIQ App and Image Analytics Tool. Its focus areas include HealthTech, Healthcare IT, Provider and Clinical Operations. Its legal entity is Med-Compliance IQ, Inc. Its competitors include Change Healthcare, AIdoc and Cleerly; 3 of its 3 listed competitors have raised funding.
Company details
Med-Compliance IQ is focussed on developing compliance software solutions for health care companies. As of Sep 2017, it is starting first with the commercialization of patent-pending HIPPA-compliant mobile application called WoundWise IQ. The app can be used to capture the perimeter and planimetric characteristics of the wound and it has inbuilt algorithms that analyze the data and report the results. It also adds the new information to the patients record and feeds into a cloud-based provider, decision support system that is also part of the app.
- Headquarters Powell, United States
- SectorsHealthcare
- Phone•••• ••••
- Website medcomplianceiq.com
- Social LinkedIn
- Legal Name Med-Compliance Iq, Inc.
- Total Equity Funding$555.02K (USD)
in 5 rounds
- Latest Funding Round$225K (USD), Grant
May 2018
- InvestorsHHS
& 1 more
Products & Services of Med-Compliance IQ
Med-Compliance IQ offers a comprehensive portfolio of products and services, including WoundWiseIQ App and Image Analytics Tool.
Mobile application for capturing and analyzing wound images accurately.
Patented algorithms for precise wound area calculation and trending.
Funding Insights of Med-Compliance IQ
Med-Compliance IQ has successfully raised a total of $555.02K across 5 strategic funding rounds. The most recent funding activity was a Grant round of $225 thousand completed in May 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $555,016
- Total Rounds 5
- Last Round Grant — $225,000
- First Round $430,016
(Sep 2016)
- Investors Count 2
All 5 funding rounds of Med-Compliance IQ with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2018 | $225,000 | Grant | – | – | |
| Dec 2017 | $125,000 | Seed | – | – | – |
| Dec 2017 | Debt – Conventional | – | – | – | |
| Oct 2016 | Grant | – | – | ||
| Sep 2016 | $430,016 | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Med-Compliance IQ
Med-Compliance IQ has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include HHS and Ohio Department of Development.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Public health and human services are overseen by HHS. | 1953 | hhs.gov | ||
Economic development services for Ohio businesses are provided. | development.ohio.gov | United States |
Investor details for Med-Compliance IQ
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Med-Compliance IQ
3 people are tracked at Med-Compliance IQ (3 in leadership).
| Name | Role | Group |
|---|---|---|
Nathan Romano | Interim Vice President | Leadership |
Gary Ross (MBA) | Co-founder, CEO And Board Chair | Leadership |
Janet Wheeler-Gilani | Med-Compliance IQ (IT Start-up) - Director Strategic Development | Leadership |
Complete people profiles for Med-Compliance IQ
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Med-Compliance IQ
3 dated milestones of Med-Compliance IQ across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Med-Compliance IQ is founded.
- Funding First funding round of $430K.
- Funding Latest funding round, Grant, of $225K.
Competitors of Med-Compliance IQ
Med-Compliance IQ has 3 listed competitors in our database, 3 of them funded. They include Change Healthcare, AIdoc and Cleerly.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| changehealthcare.com | 2007 | Nashville, United States | $35.99M | 11,310 | Cloud-based solutions are delivered for healthcare payers, providers, and patients. | |
| aidoc.com | 2016 | New York, United States | $424.5M | AI-based single-screen system is provided to streamline medical imaging. | ||
| cleerlyhealth.com | 2016 | Denver, United States | $578.48M | Atherosclerotic plaque is quantified by AI using coronary CT angiograms. |
Detailed competitors of Med-Compliance IQ
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Med-Compliance IQ (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Frequently Asked Questions about Med-Compliance IQ
Med-Compliance IQ was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Med-Compliance IQ is headquartered in Powell, United States. It is registered at Powell, Wyoming, United States.
Med-Compliance IQ is a funded company, having raised a total of $555.02K across 5 funding rounds to date. The company's 1st funding round was a Seed of $430.02K, raised on Sep 2016.
Med-Compliance IQ is focussed on developing compliance software solutions for health care companies. As of Sep 2017, it is starting first with the commercialization of patent-pending HIPPA-compliant mobile application called WoundWise IQ. The app can be used to capture the perimeter and planimetric characteristics of the wound and it has inbuilt algorithms that analyze the data and report the results. It also adds the new information to the patients record and feeds into a cloud-based provider, decision support system that is also part of the app.
Med-Compliance IQ's top competitors include Change Healthcare, AIdoc and Cleerly.
Med-Compliance IQ offers WoundWiseIQ App and Image Analytics Tool.
Med-Compliance IQ has 2 investors. Key investors include HHS, and Ohio Department of Development.
Med-Compliance IQ operates through Med-Compliance Iq, Inc..