Ilerasoft

With over 1200 recalls and over 750,000 medical device-related adverse events every year, managing medical device safety and surveillance can be complicated, time-consuming, and costly for hospitals and medical device manufacturers. Furthermore, hospitals tend to have more medical inventory than they need, costing them millions each year. Ilerasoft’s technology helps hospitals better manage the full scope of their clinical inventory from product safety to capital budgeting and utilization management. They work with medical device manufactures to reduce cost and create more cutting-edge products.

Co-founder and CEO, Kwaku Owusu, gained healthcare experience as a consultant for a large health system in New York where he discovered massive inefficiencies around medical equipment utilization. Realizing this was a systemic issue across all hospitals, he founded Ilerasoft to provide a solution. Prior to Ilerasoft, Kwaku was at Hewlett Packard Enterprise in global operations and finance roles. He holds an M.S. in Healthcare Administration and an MBA from the University of Rochester.

Co-founder and Chief Commercial Officer, Melanie Igwe, has 5 years of experience working in hospitals in roles ranging from clinical engineering to project management. After witnessing unnecessary deaths and injuries due to medical devices, she was inspired to join forces with Kwaku to launch Ilerasoft. She earned a B.A. in Economics from Howard University.