Pillbox
Online pillboxes.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Seed | ||
| Total Funding | 000k | ||
PillBox Health LLC, operating under the brand Smart PillBox, entered the health technology market in 2023 from its base in Tampa, Florida. The company is focused on addressing the significant challenge of medication non-adherence. The concept for the Smart Pillbox originated with the company's chairman, Alpesh, who identified the need for a more effective medication management solution during his travels. Upon his return, this vision was translated into the company's core product offering.
The business centers on a smart medication management system designed to assist individuals, particularly elderly patients and those with behavioral health conditions, in adhering to their prescribed treatment schedules. The company serves a multi-faceted market that includes individual patients, caregivers, physicians, and pharmacies. For healthcare providers, the system offers a solution for Remote Therapeutic Monitoring (RTM), creating opportunities to improve patient care and generate revenue. The company generates revenue through the sale of its physical device and is currently in a seed funding round to fuel further growth.
The primary product is a smart pill organizer integrated with a companion mobile application. The physical device features six compartments for different medications and is enabled with cellular, Wi-Fi, and Bluetooth connectivity. It provides automated audio and visual reminders for users to take their medication and utilizes real-time tracking to monitor adherence. This data is sent to a connected portal where it can be viewed by the patient, their family members, caregivers, and physicians, creating a collaborative circle of care. The system logs when a dose is taken or missed, offering precise data that can help in making more informed healthcare decisions.
Keywords: medication adherence, remote therapeutic monitoring, smart pill organizer, health technology, patient care, medication management system, digital health, caregiver support, chronic disease management, telehealth solutions, medical device, patient monitoring, pharmacy solutions, medication reminders, healthcare IoT, medication tracking, elder care technology, behavioral health tools, connected healthcare