Company Overview
ParaDocs Health is an innovative healthcare company headquartered at 2450 Holcombe Blvd., Suite X, Houston, TX 77021. They focus on leveraging AI-driven solutions to enhance chronic condition management for primary care providers. Their goal is to streamline processes related to chronic conditions, subsequently reducing administrative burdens for healthcare providers. ParaDocs Relay is the company’s flagship platform, serving as a healthcare command center that centralizes population health management. More information can be accessed on their [official website](https://www.paradocshealth.com/).
Leadership Team
The leadership team at ParaDocs Health is composed of accomplished professionals with diverse expertise in medicine and technology:
- Omar Mohtar, MD, PhD: Co-Founder and Chief Technology Officer (CTO). He leads cross-functional teams to implement technology solutions that enhance healthcare delivery. [LinkedIn](https://www.linkedin.com/in/omar-mohtar-md-phd-887976149)
- Dhini Nasution, MD, MAP: Co-Founder and Chief Executive Officer (CEO). She brings extensive experience in wellness, regenerative, and integrative medicine aimed at elevating operational efficiency and patient care. [LinkedIn](https://www.linkedin.com/in/dhini-nasution-md-map-a7492357/)
- Matthew Segar, MD, MS: Artificial Intelligence Lead. Recognized for his contributions to AI applications, particularly in cardiology, he plays a key role in advancing AI tools at ParaDocs Health. [LinkedIn](https://www.linkedin.com/in/matthewsegar/)
Professional Offerings
ParaDocs Health offers AI-driven tools designed to resolve inefficiencies in the healthcare system. These offerings include:
- Comprehensive visibility of population health data
- Tools for closing care gaps and improving Risk Adjustment Factor (RAF) scores
- AI-driven nudges for enhanced care gap closures
- Integration possibilities with existing Electronic Medical Records (EMR) systems
These solutions help to optimize workflows efficiently, minimizing reliance on paper, spreadsheets, and additional work for IT teams without incurring implementation costs.
Recent Achievements and Recognition
ParaDocs Health has been recognized for its commitment to integrating healthcare with technological innovation. Recently, Dr. Omar Mohtar led a presentation showcasing their approach to enhanced patient care at a significant event. They've received accolades from institutions such as Weill Cornell Medicine, highlighting their innovations in primary care and hospital medicine.
Competitor Profiling
Overview
ParaDocs Health not only excels in providing AI-driven chronic disease management solutions but also offers comprehensive emergency medical standby services, employing highly-trained EMTs, paramedics, doctors, and offering ambulance services.
Key Competitors
1. Amwell: A telemedicine company based in Boston, Massachusetts, Amwell connects patients with healthcare providers via secure video conferencing and offers a subscription-based platform for healthcare providers. They maintain a presence in all 50 states and boast partnerships with 240 health systems covering over 80 million lives.
2. GoodRx: This digital healthcare platform focuses on reducing prescription costs. Based in Santa Monica, California, GoodRx is publicly traded under Nasdaq: GDRX and offers telemedicine services and a drug cost comparison platform, serving healthcare providers and consumers alike.
3. HealthTap: A virtual primary care provider based in Sunnyvale, California. HealthTap integrates virtual care into existing patient workflows, emphasizing delivering cost-effective primary care with continuity options for patients.
Financial and Operational Highlights
- ParaDocs Worldwide: Reported an estimated annual revenue of $45.1 million, with revenue per employee at approximately $297,000. With 152 employees, the organization has seen a 9% employee growth from the previous year.
- Competitor Revenue Comparison: GoodRx achieved a revenue of $745.4 million in 2021 with approximately 777 employees. Amwell, showing significant investments, operates with over 800 employees, reflecting expansive operations and notable capital investment.
Strategic Insights
To strengthen its competitive edge, ParaDocs Health should continue to leverage AI to expand its chronic disease management services while exploring broader virtual care solutions. The company's capabilities in AI, combined with potential strategic alliances or technological partnerships, could enhance service offerings and reach, improving its competitive stance against companies like Amwell and GoodRx.
For direct inquiries, ParaDocs Health can be reached at info@paradocshealth.com.
