Cleveland Econ Dev Office invest $75,000 in iRxReminder LLC - News Details
iRxReminder in the News
Cleveland Econ Dev Office invest $75,000 in iRxReminder LLC
IRx Reminder, LLC - Start Up Alligns with Health-Tech Corridor
iRx Reminder, LLC is a Cleveland based IT company founded in 2009 in Akron but has since relocated to Cleveland in MAGNET's incubator space at 1768 East 25th Street located in Cleveland's Health-Tech Corridor.
iRx Reminder, LLC delivers a complete smartphone based patient care management and clinical research data management system for healthcare organizations, physicians, researchers and research centers. The system consists of web-based management software and control center, a smartphone application and patented electronic pill dispenser. The application supports medication adherence and care regimen compliance with customizable symptom monitoring, medication reminding and patient education.
Basically the app can people who very sick keep track of their regimens by delivering educational materials and providing medication reminders and tasks on their phones. Patients use the app to track their medication, exercise, weight and blood pressure, etc. Moreover, clinicians can log into an online dashboard see the patient-entered data, keep tabs on how patients are doing remotely, alter medication schedules and dosing and be able to execute intervention activities if necessary.
The company relocated from Akron to Cleveland to get better access to the hospitals, clinics and universities located along the Health-Tech Corridor . IRx Reminder’s platform has already been put to use by Case Western Reserve University, Summa Health Systems and Kent State University.
The company approached the city requesting a loan to help offset costs associated with the development of their pill dispenser platform. The Department of Economic Development approved a UDAG Repayments Forgivable loan in the amount of $75,000 to assist with the company’s working capital, equipment and soft costs needs.
IRx Reminder will be creating at least 6 new full-time jobs for the City of Cleveland over the next five years. The company is also required to sign a workforce development agreement with Ohio Means Jobs.
The Cleveland Health-Tech Corridor (“HTC”) is a prime location for biomedical, healthcare, and technology companies looking to take advantage of close proximity to four world-class healthcare institutions, six business incubators, four academic centers, and more than 170 high-tech and health-tech companies engaged in the business of innovation. Connecting Cleveland’s vibrant Downtown to its cultural hub of University Circle, the HTC offers companies access to everything they need to grow and thrive—from entrepreneurial support services to community networking events.
Cleveland's Health-Tech Corridor now offers incentives through a Jumpstart Investment Fund to relocate to the business district. For more information regarding the Health-Tech Corridor, its available properties and spaces, and the HTC Business Investment & Attraction Fund please contact Rick Barga at 216.664.4274.