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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

It's not the physician using it.

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

And when the patient gets the kit to take it home and then they use the kit on a daily basis and they are remotely monitored and then we have our care coaches who help them to manage the chronic condition.

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

And the reason why you would do as a physician is because Medicare reimburses for these services.

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

So Medicare reimburses anyway between $140 to $200 per patient per month for you as a physician.

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

And we help that process as well.

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

We make the claims.

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

We get the reimbursement for you as a physician.

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

I see.

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

So today on our platform, we have close to 100 providers, what we call physicians, and we are generating our ARR right now is 1.4 million.

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

So totally it's around 1,800 right now.

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

So we are initially the seed.

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

There is a two round of funding we have done.

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

One is a seed round, which is a small safe note that we raised capital last year, August.

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

And then right now we did a pre-CDC safe note as well.

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

So the equity is through safe note.

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

That was a safe note.

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

So the valuation cap was 5 million.

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

And this year it is 30 million.

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

It was 750K.

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

And that's also on safe note and 30 million valuation cap.