Omcare Inc. announced it raised $3.25 Million in an amended filing from an offering of $5 Million
03/04/22, 8:08 PM
Location
Money raised
$3.25 million
Industry
health care
information technology
Round Type
seed
Company Info
Location
2626 east 82nd street
bloomington, minnesota, united states
Additional Info
Ōmcare is a digital health company that aims to change the way the world cares by extending the reach of caregivers, increasing medication adherence, and improving treatment outcomes through the power of remote care and two-way video technology. By partnering with pharmacies, payers, providers, and family caregivers, Ōmcare strives to help people live healthier, more vibrant, independent lives and reduce healthcare cost.
Ōmcare’s first product is called the Ōmcare Home Health Hub - a web-enabled platform that dispenses medication and provides two-way, audiovisual confirmation of medication adherence while facilitating social interaction and remote telehealth care. Ōmcare exists due to the rapidly aging population; high rate of medication nonadherence; a shortage of family and professional caregivers; continued increase in health care costs; consumer preference for in-home care and aging in place; changing reimbursement for home care services; and advancements remote monitoring and wearable technology.