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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

No, this is so far we have been lucky.

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

As I said, we are going through referral programs and we just basically the existing customer referring other physicians to get onto our platform.

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

So, so far, right now, as I said, for us to generate 120K per month, so we are processing close to 300, 350K per month of claims.

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

Yes.

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

That's the reason why we get close to half of it as our invoice.

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

Sure.

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

So that's another great question, right?

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

With 100 providers, we can potentially reach...

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

close to 180,000 patients.

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

That's just our installed clinics and providers.

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

But if you look at the overall market size in Medicare, there are close to 40 million patients with chronic conditions that can be prescribed this solution.

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

We are burning cash predominantly because of the upfront growth that we are seeing in investing in the hardware and so on.

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

Yeah.

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

We are burning close to not much.

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

It's around 30K.

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

Does that make you nervous?

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

Yeah, and it is nervous because of two reasons, right?

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

One is whether when to raise significant amount of equity that would help to continue to the growth versus kind of managing our equity very quickly.

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

smartly and that's the challenge because our business the best part of our business is that we are generating uh uh cash from day one and this is a uh and the the subscription model is very consistent for 12 months because this is backed by medicare reimbursement and

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

there's a chronic condition that needs to be managed so there is not so much volatility in the patient population pool so all those gives a good view into our revenue stream being stable but having said that how do we uh the equity part the challenge to answer your question the challenge for us is