Verum Health
Provide software solutions to the healthcare industry.
| Date | Investors | Amount | Round |
|---|---|---|---|
$830k | Seed | ||
| Total Funding | 000k | ||
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Verum Health, formerly known as PrefTech, provides a specialized software solution aimed at enhancing efficiency within hospital operating rooms. The company was founded in 2015, although founder details are not consistently cited across sources. In October 2023, the firm's core product, PrefTech OR, was acquired by Vizient, Inc., a major healthcare performance improvement company.
The company's primary offering is a cloud-based software for Preference Card Management (PCM). Surgical preference cards are critical documents that list a specific surgeon's requirements for a procedure, including all necessary medical supplies, instruments, and operating room setup. Inaccuracies in these cards, estimated to be around 40%, can cause significant problems such as supply waste, increased labor costs, and potential delays in patient care. PrefTech's SaaS platform addresses this by using analytics and workflow tools to correct, maintain, and optimize these crucial documents. The system continuously monitors the quality of preference cards and provides actionable guidance to identify savings and improve standardization across procedures.
The business model is centered on a Software as a Service (SaaS) subscription, targeting healthcare providers, specifically hospitals and surgical centers. By providing a data-driven solution to a persistent operational challenge, the company helps clients reduce clinical variation, minimize wasted supplies, ensure billing accuracy, and improve overall workflow efficiency in the perioperative setting. The acquisition by Vizient is intended to integrate this technology with Vizient's existing process improvement expertise and data assets, creating a more comprehensive, service-led solution for healthcare providers. Keywords: Preference Card Management, PCM, surgical workflow, operating room efficiency, healthcare SaaS, supply chain optimization, perioperative services, clinical variation reduction, medical software, surgical supplies, cost reduction in surgery, healthcare analytics, Vizient, hospital operations, surgical services, health tech, surgical instrument management, care optimization, procedure costing, healthcare data