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Banu Prasad

๐Ÿ‘ค Speaker
145 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

Yeah, it was around 100K.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

Yeah, sure.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

So it's basically my background is I'm... Well, Banu, let me lead here.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

So we are an end-to-end platform and services company, and we serve clinics across eight states in U.S.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

where we not only provide the hardware and software technology, but we also provide end-to-end care delivery services like clinical care coaches with the billing infrastructure and so on.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

the basically what we do is we work with uh clinics mostly specialty clinics like pulmonologist cardiology what do you mean sorry bonnie you keep using the word clinics i don't understand so they are outpatient healthcare providers like if you these are individual clean practices or group of physicians come together and create a legal entity that work with the hospital systems

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

So basically, those are healthcare clinics which specializes in three specialty areas, which is pulmonology, cardiology, and nephrology.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

So we work with these physicians to create a virtual clinic inside their clinic.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

So what does that really mean is we provide the required hardware and software for their patients and work with them to help them to monitor and manage their chronic conditions.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

So the hardware is not sold as hardware.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

an integrated subscription model so we lease those hardware to the patient so our revenue is all uh subscription revenue so we don't sell the hardware as a separate so when you say the hardware is leased what does the hardware do you have by the way can we see the hardware do you have it there near your desk can you hold it up uh no unfortunately i don't have it right now uh but it essentially consists of a 10-inch display tablet

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

which we call as health pod that comes with different medical devices that gets attached to that tablet depending upon the chronic condition that we are managing for the patient.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

So in case of pulmonologist, it can be as simple as a pulse oximeter plus a spirometer.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

In case of cardiologists, it would be a blood pressure monitor.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

And in case of, it can be a weighing scale, it can be a blood sugar monitor.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

And depending upon the chronic condition, the common element is that, yeah.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

So we, for us landed, it comes to close to $200 landed in.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

So we do, these are customized, even though they are standardized product, it's a branded H box and we work with certain, so volume commitment and so on.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

So the total cost for us is around $200 landed.

SaaS Interviews with CEOs, Startups, Founders
HealthTech Hits $1.4m ARR in 12 months with genius medicare reimbursement model

So anything between, it depends on the iPad volume.

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