Akute Health Company Profile

Background

Mission and Vision

Akute Health is dedicated to transforming healthcare by providing intuitive, all-in-one Electronic Health Record (EHR) solutions tailored for independent, cash-based practices. The company's mission is to simplify care and amplify connection, enabling healthcare providers to focus more on patient care and less on administrative tasks. Their vision is to empower clinicians with tools that enhance patient engagement and operational efficiency.

Primary Area of Focus

Akute Health specializes in developing EHR systems specifically designed for direct primary care clinics, concierge practices, digital health companies, MedSpas, wellness and integrative health centers, and weight loss clinics. By focusing on these sectors, Akute Health aims to address the unique challenges faced by independent healthcare providers.

Industry Significance

In an era where healthcare is increasingly moving towards patient-centered care, Akute Health's solutions are significant in streamlining operations for independent practices. By offering a HIPAA-compliant, mobile-friendly EHR platform, Akute Health contributes to the modernization of healthcare delivery, ensuring that providers can offer efficient and personalized care to their patients.

Key Strategic Focus

Core Objectives

Simplification of Healthcare Operations: Developing EHR systems that reduce administrative burdens, allowing clinicians to dedicate more time to patient care.

Enhancement of Patient Engagement: Providing tools that facilitate better communication and interaction between healthcare providers and patients.

Support for Independent Practices: Offering scalable and affordable solutions tailored for independent, cash-based practices to thrive in a competitive healthcare landscape.

Specific Areas of Specialization

Direct Primary Care Clinics: Tailoring EHR solutions to meet the needs of direct primary care models, emphasizing patient relationships and comprehensive care.

Digital Health Companies: Integrating digital health tools and platforms to support telemedicine, remote patient monitoring, and other digital health services.

MedSpas and Wellness Centers: Providing EHR systems that accommodate the unique requirements of MedSpas and wellness centers, including treatment tracking and patient engagement.

Key Technologies Utilized

Mobile-Friendly EHR Platform: Ensuring accessibility and usability across various devices, enhancing the user experience for both clinicians and patients.

HIPAA-Compliant Telemedicine: Integrating secure video conferencing capabilities to facilitate remote consultations while maintaining patient confidentiality.

Patient Self-Scheduling: Implementing intuitive scheduling tools that empower patients to manage appointments, reducing administrative workload.

Primary Markets Targeted

Independent Healthcare Providers: Focusing on small to medium-sized practices seeking efficient and affordable EHR solutions.

Direct Primary Care Models: Supporting practices that operate on a membership or subscription basis, emphasizing direct patient-provider relationships.

Digital Health Startups: Collaborating with emerging digital health companies to integrate EHR systems that support innovative healthcare delivery methods.

Financials and Funding

Funding History

Akute Health has raised a total of $950,000 across multiple funding rounds. Notable investors include Y Combinator, Edward Lando, Pareto Holdings, Forum Ventures, and Right Side Capital Management.

Recent Funding Rounds

Seed Round: In February 2023, Akute Health secured $505,000 in a seed funding round.

Utilization of Capital

The funds raised have been utilized to enhance product development, expand the team, and support marketing efforts to increase adoption of Akute Health's EHR solutions among independent healthcare providers.

Pipeline Development

As a software development company, Akute Health's pipeline focuses on continuous improvement and expansion of its EHR platform. Key areas of development include:

Integration of Advanced Analytics: Incorporating data analytics tools to provide actionable insights for healthcare providers.

Expansion of Telemedicine Features: Enhancing telehealth capabilities to support a broader range of virtual care services.

Customization Options: Developing more customizable features to cater to the diverse needs of various healthcare practices.

Technological Platform and Innovation

Proprietary Technologies

PatientPulse: A feature that allows practices to engage patients proactively through automated messaging and cohort management, enhancing patient retention and care coordination.

Significant Scientific Methods

Data Analytics: Utilizing data analytics to track key metrics, cohort trends, and practice performance, aiding in informed decision-making.

Machine Learning Algorithms: Implementing machine learning to predict patient needs and optimize scheduling and resource allocation.

Leadership Team

Sharud Agarwal – Founder & CEO

Sharud Agarwal founded Akute Health in 2018 after his personal experience with leukemia in 2015 highlighted inefficiencies in the healthcare system. His vision is to empower patients and help physicians focus on patient care rather than administrative tasks.

Nate Rankin – Director of Operations

Nate Rankin oversees the operational aspects of Akute Health, ensuring that the company's services run efficiently and effectively.

Ref Chowdhury – Director of Engineering

Ref Chowdhury leads the engineering team, driving the development and technical innovation of Akute Health's EHR platform.

Paytyn Resnick, NP – Director of Product & Customer Support

Paytyn Resnick manages product development and customer support, ensuring that Akute Health's offerings meet the needs of healthcare providers and their patients.

Competitor Profile

Market Insights and Dynamics

The healthcare technology market, particularly in the EHR sector, is experiencing significant growth due to the increasing adoption of digital health solutions. Independent practices are seeking more efficient and affordable EHR systems to enhance patient care and streamline operations.

Competitor Analysis

Healthie: Offers cloud-based EHR software and practice management solutions, serving various segments of the healthcare industry, including private practices and digital health startups.

Hale Health: Provides an app that facilitates communication between caregivers and patients, utilizing a social networking-style news feed design.

TigerConnect: Operates as a healthcare communication platform, focusing on clinical collaboration and coordination within the healthcare sector.

Doxy.me: Offers virtual care solutions for the healthcare industry, enabling remote patient consultations and supporting clinical workflows.

HealthSnap: Provides a virtual care management platform that includes Remote Patient Monitoring (RPM) and Chronic Care Management (CCM) services.

Corti: Develops artificial intelligence models for the healthcare sector, integrating AI into healthcare applications via an application programming interface.

Strategic Collaborations and Partnerships

In November 2024, Akute Health partnered with Thea Health, an eConsult platform, to provide primary care practices with access to same-day insights from over 100 specialties and subspecialties. This collaboration aims to bridge the gap between specialty and primary care, enhancing patient outcomes and experiences.

Operational Insights

Akute Health's focus on independent, cash-based practices differentiates it from competitors that may cater to larger healthcare systems. By offering a customizable and scalable EHR platform, Akute Health addresses the specific needs of smaller practices, providing them with tools to compete effectively in the evolving healthcare landscape.

Strategic Opportunities and Future Directions

Akute Health is well-positioned to expand its market presence by: