ECP, a Milwaukee-based software platform for assisted living, has secured the largest growth investment in the sector's history, led by Level Equity with participation from existing investors and management. Financial terms were not disclosed. The company serves over 8,000 communities nationwide, offering tools including electronic medication administration records, EHR, CRM, billing and business intelligence. The funding will accelerate product development in three areas: artificial intelligence for tracking acuity changes and fall risks, value-based care capabilities for outcomes-based reimbursement, and improved usability to reduce caregiver screen time. The investment reflects a broader industry shift from legacy healthcare tools to specialised, modern platforms. ECP aims to improve resident outcomes and operational efficiency as assisted living moves towards data-driven, purpose-built technology solutions.

ECP Unveils AI-Powered Tools to Improve Medication Safety in Over 7500 Senior Living Communities. by Syed Hamza Sohail 05/16/2024 Leave a Comment. What You Should Know:1. ECP, a leading software provider for senior living and long-term care communities, launched AI tools to enhance medication safety and clinical outcomes.2. ECP links 7,500+ communities to 500+ pharmacies, facilitating real-time medication data exchange through electronic records (eMAR).3. New AI features include:   – Preventing duplicate medications in real-time.   – Alerting staff to early PRN medication administration.   – Identifying controlled substances and hazardous drugs automatically.   – Categorizing medications and attaching relevant prompts.   – Automating pharmacy order updates.   – Attaching vital prompts and drug information to orders.4