Angel Care Medical Company Profile

Background

Overview

Angel Care Medical, established in 2001, is a leading provider of Durable Medical Equipment (DME) rentals and sales, specializing in serving the post-acute and hospice care sectors. Headquartered in Boardman, Ohio, the company has strategically located warehouses to ensure prompt and professional service across Ohio and surrounding areas.

Mission and Vision

Angel Care Medical is dedicated to enhancing the quality of life and well-being of individuals requiring medical equipment, offering a wide array of products tailored to meet diverse patient needs. The company's mission is to provide reliable and compassionate service, ensuring that patients receive the necessary equipment to support their health and recovery.

Industry Significance

Operating within the healthcare sector, Angel Care Medical plays a crucial role in the post-acute and hospice care industries by supplying essential medical equipment that facilitates patient care in home settings. The company's services are integral to the continuum of care, supporting patients transitioning from hospital to home and those requiring long-term care solutions.

Key Strategic Focus

Core Objectives

Quality Service Delivery: Ensure timely and professional delivery of medical equipment to meet patient needs.

Product Diversification: Offer a comprehensive range of DME products to cater to various medical conditions and patient requirements.

Customer Satisfaction: Maintain high levels of customer satisfaction through reliable service and quality products.

Areas of Specialization

Post-Acute Care Equipment: Provide equipment essential for patients transitioning from hospital to home care.

Bariatric Equipment: Offer specialized equipment designed for bariatric patients to ensure comfort and safety.

Rehabilitation and Recovery Products: Supply devices that aid in patient rehabilitation and recovery processes.

Key Technologies Utilized

ACM PRO Platform: An innovative rental platform that streamlines the ordering process, offering features such as real-time order statuses, automated DME invoicing, management reporting, rental volume visibility, and 24-hour ordering, all at no additional cost.

Primary Markets Targeted

Post-Acute Care Facilities: Hospitals and rehabilitation centers requiring DME for patient discharge and recovery.

Hospice Care Providers: Organizations needing specialized equipment to support end-of-life care.

Home Healthcare Services: Agencies providing in-home care that necessitate medical equipment for patient care.

Financials and Funding

Funding History

In January 2020, Angel Care Medical secured $1,400,000 in commercial financing to support its expansion efforts in Youngstown, Ohio.

Utilization of Capital

The funds were allocated towards expanding the company's operations, enhancing service delivery capabilities, and increasing the availability of medical equipment to meet growing demand.

Pipeline Development

Key Pipeline Candidates

Angel Care Medical continually evaluates and updates its product offerings to include the latest advancements in medical equipment, ensuring that patients have access to state-of-the-art devices that enhance their care and recovery.

Anticipated Milestones

Product Expansion: Introduction of new equipment lines to address emerging patient needs.

Geographic Expansion: Establishing additional service locations to broaden market reach.

Technological Platform and Innovation

Proprietary Technologies

ACM PRO Platform: A proprietary rental platform that simplifies the ordering process for clients, offering real-time updates and comprehensive management tools.

Significant Scientific Methods

Data Analytics: Utilization of data analytics to monitor equipment usage patterns, optimize inventory management, and forecast demand.

Leadership Team

Key Executives

Mary Cabuno: Director of Operations, overseeing daily operations and strategic initiatives to ensure efficient service delivery.

Competitor Profile

Market Insights and Dynamics

The DME rental and sales market is characterized by a growing demand for home healthcare services, driven by an aging population and a shift towards in-home care. This trend presents opportunities for companies like Angel Care Medical to expand their services and product offerings.

Competitor Analysis

All Star Medical: Established in 2009, offering a range of DME products with an estimated revenue of $5.4 million.

Preferred Medical: Founded in 1982, providing DME solutions with a focus on quality service.

Home Medical Solutions: A newer entrant in the market, offering a variety of DME products and services.

Strategic Collaborations and Partnerships

Angel Care Medical has integrated its services with PointClickCare Technologies, a leading healthcare technology platform, to streamline the ordering process and enhance service delivery for healthcare providers.

Operational Insights

Strategic Considerations

Angel Care Medical's strategic focus on quality service delivery, product diversification, and customer satisfaction positions it favorably within the competitive landscape. The company's commitment to innovation, exemplified by the ACM PRO platform, provides a competitive edge in the DME rental and sales market.

Strategic Opportunities and Future Directions

Expansion Plans

Geographic Expansion: Establishing additional service locations to broaden market reach and serve a larger patient base.

Product Line Diversification: Introducing new equipment lines to address emerging patient needs and stay ahead of industry trends.

Future Objectives

By leveraging its strengths in service delivery and technological innovation, Angel Care Medical aims to solidify its position as a leading provider of DME solutions, contributing to improved patient outcomes and satisfaction.