Palarum

Palarum is a provider of eTextile wearable technology for patient safety, specializing in fall prevention solutions for acute and post-acute healthcare settings. The company's flagship product, PUP SmartSocks, uses patented smart textile fabric enhanced with IoT technologies to issue real-time alarms that immediately notify nearby nurses when a fall-risk patient is out of bed, standing, or attempting to walk unassisted. Developed by nurses for nurses, the SmartSocks have demonstrated proven clinical trial results including a 73 percent reduction in patient falls compared to CMS baseline rates of 3.75 falls per 1,000 patient days, and a 40 percent reduction in false alarms. Palarum offers three solution categories: Fall Prevention with real-time alerts and patient monitoring, Mobility for tracking patient movement and rehabilitation therapy, and E-Rounding for clinical workflow optimization. The platform provides data and analytics capabilities for patient fall research, publications, and a fall risk calculator. Palarum has earned Nurse Approved Certification and was named the 2023 Top Fall Prevention Solution Provider by MedTech. The technology has been featured on Scripps National News with patients at Ohio State University Wexner Medical Center. Founded in 2016 and headquartered in London, United Kingdom, the company has raised $13.6M in Series A funding.

Wearable Technology > Health and Wellness Devices > Remote Patient Monitoring,

Disease Self Management > Geriatrics > Monitoring > Device > Wearable,

Healthcare IT > Value Based Care > Remote Monitoring > Hardware > Wearables,

Assistive Tech > Assistive Hardware > PERS > Wearable,

Geriatrics > Medical Devices > Fall Prevention > Fall Alert