Paul Gooden's Contact Details

Paul Gooden's Company Details

Med-ID Pty. Ltd.

East Melbourne, VIC, AU • 5 - 9 Employees
Hospital/Clinic

At Med ID we solve medication safety and delivery errors and convenience through artificial intelligence, robotics, and computer vision.Medication-related errors occur frequently in hospitals; not all result in actual harm, but those that do are costly. One recent study conducted at two prestigious teaching hospitals found that almost two percent of admissions experienced a preventable adverse drug event, resulting in average increased hospital costs of $4,700 per admission or about $2.8 million annually for a 700-bed teaching hospital.Hospital patients represent only a fraction of the total population at risk of experiencing a medication-related error. In 1998, nearly 2.5 billion prescriptions were dispensed by U.S. pharmacies at a cost of about $92 billion. Numerous studies document errors in prescribing medications, dispensing by pharmacists, and unintentional nonadherence on the part of the patient. Medication errors have the potential to increase as a major contributor to avoidable morbidity and mortality as new medications are introduced for a wider range of indicationsRef https://www.ncbi.nlm.nih.gov/books/NBK225187/