Jump Technologies, Inc.

Jump Technologies, Inc. enhances healthcare supply chain efficiency through innovative cloud-based solutions, streamlining inventory management and optimizing resource allocation for healthcare providers across the United States. Founded in 1999 and headquartered in Eagan, US, Jump Technologies, Inc. specializes in cloud solutions for healthcare supply chains.

The company has received a total of USD 2. 00 mn across multiple funding rounds, with the latest funding, a Series B round led by Black Granite Capital, occurring in November 2018. The firm has completed 5 deals to date. CEO John Freund has a history in tech innovation, although details about previous companies are not available.

Jump Technologies provides cloud-based solutions focusing on healthcare supply chain management with core products such as JumpStock and Virtual Pick List. JumpStock minimizes inventory management time and stockouts through data-driven insights, while the Virtual Pick List uses machine learning to optimize physician case pick lists, addressing challenges like inefficient resource allocation in hospitals and bridging the data divide between nursing and supply chain personnel. The company serves various healthcare clients across the United States, from hospitals to healthcare systems, aiming to streamline material management from delivery to patient use. Jump Technologies operates on a subscription-based model, where healthcare organizations pay for access to its software solutions, primarily JumpStock and Virtual Pick List.

Transactions are structured as B2B interactions, facilitating real-time inventory visibility and demand planning for healthcare providers, thereby reducing costs associated with overstocking. The software integrates with existing electronic health records (EHR) and enterprise resource planning (ERP) systems, allowing tailored solutions to enhance operational efficiency. Jump Technologies plans to utilize its most recent Series B funding of USD 2. 00 mn, raised in November 2018, to expand its product offerings and enhance current solutions.

Specific upcoming products are being developed to further streamline healthcare supply chains, although no release dates are provided. Additionally, the company aims to enter new healthcare markets in regions including the Midwest and Southeast by 2022, as part of its strategic growth initiatives.