Network Medical, Inc.

Network Medical, Inc. is a healthcare technology company focused on enhancing patient care and operational efficiency through innovative medical equipment management solutions. Founded in 2011 in Birmingham, US, Network Medical, Inc. specializes in providing a comprehensive Durable Medical Equipment (DME) management solution.

The company was acquired by StateServ Medical in January 2018, a move that marked a strategic pivot to enhance its service offerings. Davis Dolan, the founder of Network Medical, has a history of entrepreneurship in the healthcare sector. The company has engaged in 4 deals since its inception and has raised a total of USD 2. 590 mn, with the latest funding round being an unspecified round on January 29, 2018.

Network Medical, Inc. primarily offers a comprehensive Durable Medical Equipment (DME) management solution designed to improve the patient experience. Its flagship product, DMETrack, is a web-based platform that enables healthcare providers to efficiently place, track, and report DME orders from various locations, including the patient’s bedside. The platform supports a broad range of clients, including healthcare facilities across the United States, and connects to a network of over 2,700 DME provider locations, ensuring patients and caregivers have streamlined access to necessary medical resources.

Network Medical, Inc. generates revenue through a service model that partners with healthcare providers and institutions, utilizing its DMETrack platform as a significant revenue driver. This model includes subscription fees for access to the platform, which provides clients with comprehensive order tracking and reporting capabilities. The company's extensive network of DME providers further enhances the service experience, fostering ongoing relationships with clients in DME management.

In the future, Network Medical, Inc. aims to launch new features for the DMETrack platform, focusing on enhancing user interface and functionality based on client feedback. The company is also exploring expansion into additional markets within the United States to widen its customer base by late 2023. The recent funding of USD 2.

590 mn will support these initiatives, particularly in product development and marketing efforts to attract new clients. The acquisition by StateServ Medical is expected to bolster its resources and capabilities in achieving these growth objectives.