Seven hospitals, including the University of Maryland Medical Center in Baltimore, use the technology.
Kit Check was co-founded a year ago by Kevin MacDonald and Tim Kress-Spatz, both of whom live in the Washington area.
MacDonald took a couple of questions about the company last week:
How many employees?
Twenty, but we are looking to more than double in the next six to 12 months.
Why is your company important?
I don’t think most people realize that these kits are used for virtually every procedure in the hospital. Your average kit has a one-in-five chance of having an expired or incorrect drug in it.
Does this affect Obamacare?
Not directly. This does go toward bending the cost curve. If you think why it is that Benadryl costs you $800, it’s because the drug is going to get touched in the course of its life by 16 people, manually looking at the expiration date and the lot number.
If we could reduce the amount of time people look at these manually by 90 percent and reduce the chance that people will use incorrect drugs from the kits, then you’re going to save handling and medical error costs.
If it is so revolutionary, why are you in only seven hospitals?
We’re pretty new. That’s why we are doing fundraising. We are building a sales team, delivery team and infrastructure required to fill the demand that we are getting.
How did you come up with the idea?
I was out to dinner with my wife and a friend of hers, who happened to be a hospital pharmacist. Over dinner, the pharmacist was talking about processing kits and checking expiration dates on these meds. I couldn’t believe that someone that highly educated and that highly compensated was doing such a manual activity.
‘Search’ finds space
Herndon-based Search Technologies finished its 2013 fiscal year June 30 with 20 percent growth and a new office in Germany.
The staff has grown from 100 at the end of last year to 117 currently, with offices in San Diego, Kentucky, the United Kingdom and Costa Rica. It is expanding its Herndon headquarters starting Sept. 1 from 2,060 square feet to 3,409, allowing for 30 more employees. The company’s Costa Rica office will increase from 4,250 square feet to 5,150, which will hold 60 people.
Search recently began a college recruiting program as a way to find technicians. The company brought in three students from George Mason University and one from Lehigh University in Pennsylvania.
“It is an important part of our overall growth strategy to invest in college graduates who are agile and eager to learn new technologies,” Search founder Kamran Khan said in an e-mail. “We want to train them to be search engine experts.”
The company, which extracts nuggets of insight from reams of structured online information, now has 500 customers, including EMC, Accenture, Deloitte, Reed Business and the Council of Better Business Bureaus.