Yosi Health Company Profile

Background

Founded in 2015, Yosi Health is a New York-based company specializing in cloud-based mobile patient intake and registration systems. The company's mission is to streamline the patient check-in process, minimize in-person contact, and enhance overall patient engagement. By offering a platform that allows patients to complete registration remotely via smartphones or computers, Yosi Health aims to improve workflow efficiency for healthcare providers and deliver a superior patient experience.

Key Strategic Focus

Yosi Health's strategic focus centers on automating and optimizing the patient intake process through its comprehensive digital solutions. The company's core objectives include reducing administrative burdens, decreasing patient wait times, and enhancing data accuracy. Specializing in pre-arrival patient engagement, Yosi Health integrates seamlessly with leading Electronic Medical Record (EMR) systems, ensuring real-time, bi-directional data synchronization. The primary markets targeted by Yosi Health encompass a wide range of healthcare providers, including primary care practices, urgent care centers, specialty clinics, health systems, independent practices, and community health centers.

Financials and Funding

As of October 2024, Yosi Health reported annual revenue of $3.8 million. The company has participated in multiple funding rounds, including accelerator and incubator programs, as well as early and later-stage venture capital investments. Notable investors include PSG-Science and Technology Entrepreneurial Park, Plug and Play Tech Center, StartUp Health, Steve Barsh, and Dreamit Ventures. The capital raised has been strategically utilized to enhance product development, expand market reach, and strengthen integration capabilities with various EMR systems.

Technological Platform and Innovation

Yosi Health's platform is distinguished by its proprietary cloud-based mobile patient intake and registration system. Key technological features include:

Contactless Patient Registration: Enables patients to complete registration remotely, reducing in-person interactions and administrative workload.

Seamless EMR Integration: Offers real-time, bi-directional synchronization with leading EMR systems, ensuring accurate and up-to-date patient records.

Automated Appointment Scheduling: Provides patients with the ability to self-schedule appointments, enhancing convenience and reducing no-show rates.

Secure Payment Processing: Facilitates pre- and post-visit payment collection through a PCI-compliant interface, improving revenue cycle management.

HIPAA-Compliant Communication: Supports two-way text messaging between patients and providers, ensuring secure and efficient communication.

The platform's architecture adheres to stringent security standards, including SOC 2 Type II and PCI compliance, underscoring Yosi Health's commitment to data protection and privacy.

Leadership Team

Yosi Health's leadership team comprises experienced professionals dedicated to driving innovation and growth:

Hari Prasad, Co-Founder and Chief Executive Officer: Brings extensive experience in healthcare technology and a vision for enhancing patient engagement through digital solutions.

Doug Ciarelli, Vice President of Business Development and Client Services: Leads initiatives to expand the company's market presence and foster client relationships.

Ilangovan Murugesan, Vice President of Technology: Oversees the development and implementation of the company's technological infrastructure.

Recent additions to the leadership team include:

Lori Ryan, Director of Customer Success: Appointed in October 2024, Lori brings over 15 years of healthcare experience and a proven track record in customer management.

Patrick McInnis, Vice President of Partnerships: Also joining in October 2024, Patrick has 15 years of experience in medical technology and has held leadership roles at notable organizations such as HCA, Lahey Healthcare, and athenahealth.

These strategic appointments are aimed at enhancing customer experience and expanding Yosi Health's partnership network.

Competitor Profile

Market Insights and Dynamics

The patient engagement software market is experiencing significant growth, driven by the increasing demand for digital solutions that enhance patient-provider interactions and streamline administrative processes. Key trends include the adoption of telehealth services, the integration of AI-driven analytics, and the emphasis on data security and compliance.

Competitor Analysis

Yosi Health operates in a competitive landscape with several notable companies offering similar solutions:

Phreesia: Develops patient intake software that automates the registration process and integrates with various EMR systems.

Affordify: Provides a digital ecosystem focused on healthcare payments, facilitating patient financing and payment processing.

Carie Health: Offers a cloud-based HIPAA-compliant telehealth platform, enabling virtual consultations and patient engagement.

Mingyizhudao: Operates a cloud surgical platform providing a database with medical cases, connecting patients with specialized surgeons.

These competitors emphasize various aspects of patient engagement, from intake and registration to payment processing and telehealth services.

Strategic Collaborations and Partnerships

Yosi Health has established significant partnerships to enhance its platform's capabilities and market reach:

Amazon Web Services (AWS): In March 2022, Yosi Health joined the AWS Partner Network as an ISV Advanced Technology Partner, underscoring its commitment to best practices for security, reliability, and operational excellence.

Epic App Market: In October 2022, Yosi Health's pre-arrival patient-intake solution became available on the Epic App Market, facilitating seamless integration with Epic's EMR system and expanding access to a broader range of healthcare providers.

These collaborations enhance Yosi Health's platform interoperability and provide clients with robust, scalable solutions.

Operational Insights

Yosi Health differentiates itself through its focus on pre-arrival patient engagement, offering a customizable and cloud-based platform that integrates seamlessly with existing EMR systems. The company's commitment to data security, evidenced by its SOC 2 Type II and PCI compliance, provides a competitive edge in the market. Additionally, Yosi Health's emphasis on reducing administrative burdens and improving patient experiences positions it favorably among healthcare providers seeking efficient and effective digital solutions.

Strategic Opportunities and Future Directions

Looking ahead, Yosi Health is poised to capitalize on several strategic opportunities:

Expansion of Telehealth Services: Enhancing telehealth capabilities to meet the growing demand for virtual care solutions.

AI-Driven Analytics: Integrating advanced analytics to provide actionable insights for healthcare providers and improve patient outcomes.

Market Penetration: Expanding into new geographic regions and healthcare sectors to broaden the company's client base.

By leveraging its current strengths and focusing on innovation, Yosi Health aims to continue its trajectory of growth and leadership in the patient engagement software market.