The healthcare industry suffers from many challenges. Understaffed, with limited budgets and piling up challenges of other nature, the sector is looking for a breakthrough. Well, there might be one but not in the previously mentioned areas. Meet Ecomedic – a company founded to guide medical professionals through sustainability issues.

The origin story – who built the company?

Ecomedic is a UK-based company. Founded in 2023, it’s headquartered in Chelmsford. The CEO is Tushar Sharma.

The company has a database and software tools designed to empower hospitals to significantly reduce operational emissions. The company platform assists sustainability stakeholders in healthcare, enabling rapid life cycle assessment (LCA) executions, pinpointing emission hotspots, and quantifying the impacts of alternative solutions.

It also helps hospitals and medical suppliers conduct scientific assessments of their supply chain. It can be important in the context of sustainability treaties, and regulatory legal disputes.

Ecomedic allows professionals to handle LCA and Scope 3 accounting. It provides a comprehensive understanding of the environmental impact associated with using the sold products. 

An LCA considers the entire life cycle of a product, including the extraction of raw materials, manufacturing, distribution, product use, and end-of-life disposal or recycling. It allows businesses to assess the environmental impacts at each stage and identify areas for improvement.

Scope 3 Category 11 specifically focuses on the use of sold products by customers or end-users. This category recognizes that the use phase of products can have significant environmental impacts, such as energy consumption, emissions, and waste generation. By calculating the Scope 3 emissions associated with the use of sold products, businesses can:

  • understand the environmental impact of their production cycles, product consumption, and services
  • identify improvement opportunities
  • drive product innovations
  • engage with and educate customers.

Ecomedic was founded to do just that.

The business model and revenue streams

The company uses artificial intelligence (AI) for real-time data across multi-facilities, to handle even the largest organizations. The product can assess the supplier’s carbon footprint. It also uses predictive AI for cost and emission reduction.

The company charges for services connected to sustainability, health equity, and financial viability. Ecomedic uses multiple sources – regulations, medical journals, technical sheets, internal data, manufacturer details, supplier information, databases, equity data, and finally sector reports – to estimate and recommend reduction targets.

Ecomedic brags that the solution allows companies to reduce LCA times from 6 – 8 months to just 3 – 4 hours. Which is a tremendous improvement, even if we separate numbers alone and don’t look at them as a part of the bigger picture.

The company is primarily focused on reducing emissions (with the ambition of getting rid of the equivalent of 100 megatons of CO2 every year) but the software can also help with reducing waste in healthcare facilities, implementing recycling programs, helping inspire the implementation of renewal energy sources, and introduce water-savings technologies.

All that is thanks to AI, which plays a significant role in the business. Here at Code & Pepper, we can understand that. Our software developers use AI tools for healthcare to create impactful apps.

Summary

We take AI and software development for that matter, seriously. We hire only the top 1.6% of the best available engineers. With a refined methodology of talent identification, we can assure quality. From product discovery to the post-launch support.

Healthcare is too serious to hand it over to random hands. We can assist you in making applications that can change the market. Infuse your project with flavor. Let’s talk about how Code & Pepper can help you achieve your goals.