Synapse Medicine raises US $ 28 million to scale its medication reconciliation platform
Startup

Synapse Medicine raises US $ 28 million to scale its medication reconciliation platform

The company, already scaling across Europe, plans to accelerate the deployment of its medication reconciliation platform in the United States

  • By IPP Bureau | March 01, 2022

Medication reconciliation, the process of building a comprehensive and accurate list of medications that the patient is taking (including name, dosage, frequency, and route), is essential in preventing medication errors and in ensuring patients' treatment adherence. In the United States, hospital readmissions represent more than US $ 41 billion in healthcare costs per year. According to the Agency for Healthcare Research and Quality (AHRQ), 66% of readmissions are related to preventable adverse health events, such as medication non-adherence.

Synapse Medicine is one of the top growing health tech startups in Europe, with a strong track record on medication reconciliation. It has recently announced several partnerships with top hospitals, such as APHP–Paris (France), the largest hospital in Europe, ranked the eleventh best hospital worldwide, and German hospital La Charité, ranked in sixth place.

With Synapse Platform, healthcare professionals can rely on robust medication reconciliation technology to prevent medication errors and improve patient safety. This streamlines the medication reconciliation process, allowing clinicians to manage treatments more efficiently at every care transition and improve coordination with stakeholders outside of the hospital.

"At Synapse Medicine, we have developed a medication reconciliation solution that simplifies the process and reduces prescribing discrepancies at each transition. This new funding round is an important milestone to further facilitate medication reconciliation and improve patient safety in the US," according to Dr. Clement Goehrs, Synapse Medicine CEO and Co-Founder.

In hyper-growth for the past three years, Synapse Medicine aims to continue recruiting new talent in the United States and internationally to reach 150 employees by the end of the year. Synapse Medicine aims to expand its team in the US across pharmacists, sales, and marketing.

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