Banu Prasad
๐ค SpeakerAppearances Over Time
Podcast Appearances
No, this is so far we have been lucky.
As I said, we are going through referral programs and we just basically the existing customer referring other physicians to get onto our platform.
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.
Yes.
That's the reason why we get close to half of it as our invoice.
Sure.
So that's another great question, right?
With 100 providers, we can potentially reach...
close to 180,000 patients.
That's just our installed clinics and providers.
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.
We are burning cash predominantly because of the upfront growth that we are seeing in investing in the hardware and so on.
Yeah.
We are burning close to not much.
It's around 30K.
Does that make you nervous?
Yeah, and it is nervous because of two reasons, right?
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.
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
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