Somml Health Company Profile

Background

Overview

Somml Health is a digital health company founded in 2016, headquartered in Albany, New York. The company specializes in virtual care solutions, aiming to optimize healthcare delivery by facilitating real-time communication and data exchange among patients, their families, and healthcare providers. By unifying health data silos and enhancing communication, Somml Health seeks to improve patient outcomes and reduce healthcare disparities.

Mission and Vision

Somml Health's mission is to create a "Digital Health Neighborhood" that empowers patients, families, and caregivers through integrated care and transparent communication. The company's vision is to transform healthcare by providing a scalable platform that elevates personalized care and enables early intervention through connected data and communications.

Primary Area of Focus

The company's primary focus is on virtual care management, particularly for patients with chronic conditions. Somml Health offers a platform that integrates remote patient monitoring, chronic care management, principal care management, and transitional care management, enabling coordinated interventions and continuous care.

Industry Significance

In the rapidly evolving healthcare sector, Somml Health plays a significant role by addressing the challenges of fragmented care and promoting a more connected and efficient healthcare system. Its solutions contribute to reducing hospital readmissions and improving patient engagement, aligning with the industry's shift towards value-based care models.

Key Strategic Focus

Core Objectives

Enhancing Care Coordination: Facilitate seamless communication among patients, families, and healthcare providers to ensure cohesive care delivery.

Improving Patient Outcomes: Utilize real-time data to monitor patient health, enabling timely interventions and better health outcomes.

Reducing Healthcare Costs: Decrease hospital readmissions and emergency department visits by providing continuous, remote care.

Specific Areas of Specialization

Virtual Care Management: Developing platforms that support remote monitoring and management of chronic conditions.

Patient Engagement: Creating tools that actively involve patients and their families in the care process.

Data Integration: Unifying disparate health data sources to provide comprehensive patient insights.

Key Technologies Utilized

Remote Patient Monitoring (RPM): Employing devices and software to track patient health metrics in real-time.

Telemedicine Platforms: Facilitating virtual consultations and follow-ups between patients and healthcare providers.

Data Analytics: Analyzing health data to identify trends, predict outcomes, and inform care decisions.

Primary Markets Targeted

Healthcare Providers: Hospitals, clinics, and private practices seeking to enhance care coordination and patient engagement.

Payers: Insurance companies aiming to reduce costs associated with chronic disease management.

Patients with Chronic Conditions: Individuals requiring continuous monitoring and management of their health.

Financials and Funding

Funding History

Somml Health has raised a total of $280,000 in funding, with the most recent round being a convertible note announced on July 15, 2019.

Notable Investors

The company's funding has been supported by various corporate investors, though specific names are not publicly disclosed.

Utilization of Capital

The raised capital has been utilized to develop and enhance Somml Health's virtual care platform, expand its service offerings, and support strategic partnerships aimed at improving chronic disease management.

Pipeline Development

Key Pipeline Candidates

Somml Health's primary focus is on the continuous development of its virtual care platform, which integrates remote patient monitoring, chronic care management, principal care management, and transitional care management. The company is actively working on enhancing these services to provide comprehensive care solutions.

Stages of Development

Platform Enhancement: Ongoing improvements to the platform's functionality and user experience.

Integration with Healthcare Systems: Efforts to ensure seamless interoperability with various electronic health record (EHR) systems.

Expansion of Service Offerings: Development of additional features to support a broader range of healthcare needs.

Target Conditions

The platform is designed to support patients with chronic conditions such as heart disease, diabetes, and respiratory disorders, aiming to improve management and outcomes for these populations.

Anticipated Milestones

Somml Health plans to achieve the following milestones:

Short-Term: Complete integration with major EHR systems to facilitate data sharing.

Medium-Term: Expand the platform's capabilities to include additional chronic disease management features.

Long-Term: Establish partnerships with a wide network of healthcare providers to broaden the platform's reach and impact.

Technological Platform and Innovation

Proprietary Technologies

Somml Connex: A secure, HIPAA-compliant digital platform that connects patients, families, and healthcare providers, ensuring seamless communication and data exchange.

Significant Scientific Methods

Data Integration Algorithms: Techniques used to unify disparate health data sources, providing comprehensive patient insights.

Predictive Analytics: Utilizing historical health data to forecast patient outcomes and inform proactive care strategies.

AI-Driven Capabilities

Patient Risk Stratification: Employing machine learning algorithms to identify patients at high risk for adverse events, enabling targeted interventions.

Outcome Prediction Models: Developing models to predict patient outcomes based on real-time data, assisting in clinical decision-making.

Leadership Team

Kurt Lozier – Co-Founder & Chief Executive Officer

Kurt is a serial entrepreneur with a background in healthcare, media, and digital marketing. He co-founded Somml Health in 2016, driven by a personal experience that highlighted the need for integrated healthcare solutions. Kurt holds degrees from Siena College and an MBA from Union College.

John O'Kane – Co-Founder & Clinical Lead

John has extensive experience in healthcare commercialization, data insights, and finance. He co-founded Somml Health, focusing on establishing business and collaborative relationships for the platform's development. John holds an MBA from Rensselaer Polytechnic Institute and a Bachelor of Arts in Biology and Molecular Biochemistry from The College of Saint Rose.

Devon Bernard – Head of Engineering

Devon is a full-stack engineer and data scientist leading platform development and partner integrations at Somml Health. Prior to joining, he developed a medical AI that has helped millions of patients and co-founded multiple enterprise startups.

Dana Citron – Chief Marketing Officer

Dana brings over 20 years of B2B marketing experience, responsible for amplifying Somml Health's brand and developing meaningful brand experiences. She has held executive positions in technology companies, including CommerceHub, and focuses on combining data-driven decision-making with creative excellence.

Market Insights and Competitor Analysis

The virtual care management market is experiencing significant growth, driven by the increasing prevalence of chronic diseases and the need for cost-effective healthcare solutions. Technological advancements in remote monitoring and telemedicine are transforming healthcare delivery, offering opportunities for companies like Somml Health to expand their impact.

Somml Health faces competition from companies such as Vironix Health, Memora Health, and Signify Health. These competitors offer similar virtual care solutions, focusing on remote patient monitoring and chronic care management. The competitive landscape is characterized by rapid innovation and the need for seamless integration with existing healthcare systems.

Strategic Collaborations and Partnerships

UTMHealthcare Partnership

In March 2024, Somml Health partnered with UTMHealthcare to launch NuLink Health, a platform designed to enhance chronic disease care by integrating remote patient monitoring with virtual care solutions. This collaboration aims to improve patient outcomes and reduce hospital readmissions.

Cardiac RMS Partnership

In June 2021, Somml Health partnered with Cardiac RMS to offer a digital front door combining disease-specific care services with innovative technology. This partnership focuses on reducing hospitalizations and emergency department visits through patient-centric specialized remote care management.

Operational Insights

Somml Health's strategic considerations include differentiating its platform through seamless integration with healthcare providers' existing systems, ensuring data security and compliance with healthcare regulations, and continuously innovating to meet the evolving needs of patients and providers. The company's competitive advantages lie in its scalable platform, focus on patient engagement, and commitment to improving healthcare outcomes through technology.