Clinetic Company Profile

Background

Clinetic, established in 2017 and headquartered in Durham, North Carolina, is a health software and technology company dedicated to transforming clinical research through innovative technology solutions. The company's mission is to unlock the full potential of electronic health record (EHR) systems for research, evidence generation, and the development of new care delivery models. By integrating EHR data with clinical studies, Clinetic aims to streamline patient recruitment processes and enhance the efficiency of clinical trials, thereby accelerating the advancement of new therapies and improving patient care.

Key Strategic Focus

Clinetic's strategic focus centers on:

Real-Time Patient Matching: Utilizing AI-powered platforms to continuously scan EHR data, enabling study teams to identify, engage, and enroll patients more rapidly.

Prospective Real-World Studies: Supporting access to extensive patient data, facilitating custom data collection, passive surveillance, and remote or hybrid study designs.

EHR Data Connectivity: Establishing connections with health systems' EHR data to support various clinical study designs and patient recruitment efforts.

Patient Recruitment Acceleration: Accelerating patient recruitment for clinical studies and assisting in achieving diversity and inclusion goals.

Clinical Insights: Providing daily refreshed and curated EHR data to power real-world data publications and monitor clinical trends and disease patterns.

Research Study Workflows: Streamlining research study workflows for investigators and research coordinators through specialized software solutions.

Financials and Funding

Clinetic has successfully secured funding to support its growth and development:

Seed Round (February 2021): Raised $6.4 million to enhance its platform and expand its customer base.

Series A Round (August 2023): Secured $5 million in a funding round led by Sopris Capital, aimed at accelerating patient recruitment capabilities, strengthening relationships with healthcare partners, and supporting collaborations with life sciences companies.

Pipeline Development

Clinetic's platform is designed to support a wide range of clinical studies across various therapeutic areas, including:

Cardiology

Immunology

Pulmonology

Oncology

Pediatrics

Nephrology

Rheumatology

Neurology

Infectious Disease

Gastroenterology

Hepatology

Dermatology

Endocrinology

Hematology

Rare Disease

Surgery/Transplant

By leveraging real-time EHR data, Clinetic facilitates efficient patient recruitment and data collection, thereby expediting the clinical trial process.

Technological Platform and Innovation

Clinetic's technological platform is distinguished by several proprietary technologies and methodologies:

AI-Powered Clinical Curation: Employs artificial intelligence to analyze both structured and unstructured EHR data, enhancing the accuracy and efficiency of patient identification for clinical trials.

Real-Time Patient Matching: Continuously monitors EHR data to identify potential study participants, reducing the time and labor associated with patient enrollment.

Intuitive Workflow Integration: Provides seamless integration into existing clinical workflows, supporting study teams with user-friendly interfaces designed around their daily activities.

Funnel Visibility: Offers insights into the patient recruitment funnel, enabling study teams to understand and address where and why patients may be dropping out of the recruitment process.

Leadership Team

Clinetic's leadership team comprises experienced professionals with diverse backgrounds:

Tom Kaminski: Chief Executive Officer

Zach Wolf: Chief Operations Officer

Jason Cohen: Chief Technology Officer

Charlotte Buchanan: Chief Product Officer

Mark Groner: Board Member

Allan D. Kirk, MD: Board Member

Competitor Profile

Market Insights and Dynamics

The healthcare technology industry, particularly in the realm of clinical trial optimization and patient recruitment, is experiencing significant growth. The increasing complexity of clinical trials and the need for efficient patient enrollment processes have driven demand for innovative solutions that integrate EHR data with research activities.

Competitor Analysis

Key competitors in this space include:

TriNetX: Offers a global health research network that connects healthcare organizations and life sciences companies, facilitating clinical research and trial design.

DoseSpot: Provides e-prescribing solutions integrated into various healthcare platforms, enhancing medication management and compliance.

YouScript: Focuses on personalized medication management through pharmacogenomic testing and analytics, aiming to reduce adverse drug events.

Medical Information Technology (Meditech): Develops EHR systems and related software solutions for healthcare organizations, supporting clinical and administrative functions.

Medrio: Offers electronic data capture solutions for clinical trials, emphasizing user-friendly interfaces and rapid study deployment.

Strategic Collaborations and Partnerships

Clinetic has established significant collaborations to enhance its market position and innovation capacity:

Academic Health Systems: As of February 2023, Clinetic had agreements with 10 academic health systems, expanding its network to over 65 hospitals and 2,300 care locations across 12 states.

Life Sciences Companies: The company collaborates with various life sciences organizations to support clinical studies, providing real-time patient matching and data connectivity solutions.

Operational Insights

Clinetic's strategic considerations include:

Data Security and Compliance: Adheres to stringent security and compliance principles, including SOC 2 Type II certification, ensuring the protection of client and patient data.

Scalable Technology Infrastructure: Utilizes cloud-based solutions with complete customer isolation in a multi-tenant architecture, ensuring scalability and data security.

Customer-Centric Approach: Focuses on understanding and addressing the specific needs of health systems and life sciences companies, fostering strong partnerships and customer satisfaction.

Strategic Opportunities and Future Directions

Clinetic's strategic roadmap includes:

Expansion of Health System Partnerships: Aims to increase collaborations with additional health systems to broaden its network and enhance data access for clinical research.

Enhancement of AI Capabilities: Plans to further develop its AI-powered platform to improve patient matching accuracy and streamline clinical trial processes.

Diversification of Service Offerings: Seeks to expand its suite of solutions to address emerging needs in clinical research, such as remote monitoring and decentralized trials.

Global Market Penetration: Evaluates opportunities to extend its services beyond the United States, tapping into international markets with growing demand for clinical trial optimization solutions.