Palarum

About Palarum

Palarum is a healthcare technology company specializing in patient safety and mobility solutions. Operating primarily in the hospital and healthcare facility market, Palarum's core product is the patented Smart Sock, which integrates with IoT technologies to monitor and notify caregivers when a patient is up and out of bed unattended. This system aims to prevent patient falls, a significant concern in healthcare settings. Additionally, Palarum offers an enterprise platform for digital rounding tools, including Nurse Rounding, Interdisciplinary Rounding, and Leadership Rounding, all designed to improve patient safety and care consistency. The company generates revenue through the sale of its Smart Socks, subscription fees for its digital rounding platform, and data analytics services. By leveraging real-time data, Palarum provides actionable insights to healthcare providers, helping them enhance patient outcomes and operational efficiency.