Sure Med Compliance, a digital health firm in its early stages that is working to stop the opioid-related overdose pandemic, has raised USD 1 million to support the national launch of Perspectives in CareSM, a cutting-edge platform. ProAssurance (PRA), a medical professional liability corporation with headquarters in Birmingham, served as the lead investor in the pre-series A round, including a USD 250,000 state grant from Innovate Alabama.
The technology behind Sure Med Compliance, which was founded in 2016, combines an electronic patient-reported outcome (ePRO) platform that has been demonstrated to improve outcomes for patients and providers in pain management settings with a private marketplace that enables life sciences firms to market their goods to physicians at the point of care. In 2020, Sure Med Compliance initiated a clinical trial with researchers from the University of Florida’s College of Pharmacy after receiving Direct-to-Phase 2 SBIR funding from the National Institutes of Health.
Sure Med Compliance started a preliminary launch of their technology focused on opioid therapy in various influential pain groups across the US in May of this year. To grow their risk reduction solution even further, the company will use this funding and their collaboration with ProAssurance, one of the biggest medical malpractice providers in the nation. The startup also intends to develop two other platforms to cater to the requirements of patients and practitioners in various illness conditions, such as orthopedic, acute care, and addiction medicine, which frequently prescribe prohibited medications.
John Bowman, the company’s founder and CEO said on the most recent funding:
“At Sure Med Compliance, we think that the best way to enhance patient outcomes in pain management settings is to reduce risk to the provider. Through our cooperation with ProAssurance, we cannot only support doctors navigating the difficult medicolegal landscape today but we are also given a realistic road to scaling up and taking the lead in digital health solutions for pain management.”
According to Rob Francis, Executive Vice President of Underwriting and Operations at ProAssurance:
“ProAssurance can lower provider risk and, ultimately, protect others by collaborating with businesses committed to cutting-edge research and developing products and services that benefit patients and enhance lives. It is a point where possibility intersects with our goal. ProAssurance is in the forefront of encouraging doctors to responsibly prescribe, which improves patient outcomes, thanks to our partnership with Sure Med.”
About the company:
Sure Med Compliance, a healthcare technology business headquartered in Mobile, Alabama, is committed to fostering safer exposure to controlled medications. Two clinical trials have demonstrated that its cutting-edge digital health platform, Perspectives in CareSM, improves provider and patient outcomes in pain management settings. For nothing, the first 250 clinics who sign up will receive a lifetime subscription to Perspectives in CareSM.
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