Med-Compliance IQ

Med-Compliance IQ, Inc. operates within the health-tech sector, providing software-based solutions to healthcare providers. Founded in 2015 by Gary Ross, who also serves as the CEO, the company is based in Columbus, Ohio. Ross has a background in founding and leading technology companies and is also an advisor for Rev1 Ventures, one of the company's investors. The company's advisory board includes physicians and industry experts, such as Dr. John A. Phillips, a cardiology and peripheral vascular interventionalist who acts as the Chief Innovation Officer. Med-Compliance IQ has secured $555K in funding over five rounds, including investments from HHS, Rev1 Ventures, and the Ohio Department of Development.

The firm's core business revolves around developing compliance software for healthcare entities, with a primary focus on chronic wound care. Its flagship product, WoundWiseIQ, is a HIPAA-compliant mobile application designed to streamline the documentation and analysis of chronic wounds. This FDA-registered, patented system allows clinicians to capture wound images using a smartphone or tablet. The software utilizes patented algorithms to analyze the image, calculating the precise surface area and color characteristics of the wound to track healing progress over time. This process aims to replace manual measurement techniques, which can be inefficient and less accurate for irregularly shaped wounds.

The business model targets a range of healthcare clients, including hospitals, outpatient wound care centers, skilled nursing facilities, home health care providers, and research teams. The WoundWiseIQ system consists of the mobile app for image capture and a cloud-based platform for data storage and analysis. Data is processed and uploaded to the secure cloud, not stored on the mobile device, allowing for real-time access to patient records and healing trends from any location. This functionality supports better clinical decision-making and can facilitate telehealth consultations. For research organizations and wound care product suppliers, the platform offers tools for efficient data download and analysis for clinical trials. Keywords: wound care management, medical imaging software, chronic wound analytics, digital health, healthcare compliance, clinical decision support, MedTech, wound documentation, mobile health, telehealth, patient data management, healthcare software, clinical trial solutions, remote patient monitoring, wound measurement, HIPAA compliant software, medical diagnostics, digital measurement device, healthcare analytics, FDA registered medical device