DrChrono

9 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Sep 21, 2019 by Michael Nusimow · said 18 times in 1 episodes since 2019 · across every show →

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brought up most by Nathan Latka (14), Michael Nusimow (4)

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Everything said about DrChrono, oldest first

Sep 21, 2019
Disclosure
Nusimow: DrChrono Added Around $2.5M in Debt to Supplement Equity
“I think we've used some venture debt along with our seed round and with our series A round. So that's something we're able to use to kind of supplement the, that equity financing, probably another two and a half million in debt as part of those rounds.”
Michael Nusimow Sep 21, 2019 ▶ 8:51 1519 Health Records Company Hits $23m ARR Serving 6000 Health Customers
Sep 21, 2019 positive
Assertion Supported
Nusimow: DrChrono holds DEA certification for mobile controlled substance prescriptions
“We're certified with the DEA to send such powerful prescriptions through the iPad and iPhone.”
Michael Nusimow Sep 21, 2019 ▶ 2:20 1519 Health Records Company Hits $23m ARR Serving 6000 Health Customers
Sep 21, 2019
Assertion Not checkable as stated
Nusimow: DrChrono RCM generates one-third of revenue from 10% of customers
“The RCM business, which is about a third of our revenue and has been growing really fast, that's only about 10% of our customer base.”
Michael Nusimow Sep 21, 2019 ▶ 7:24 1519 Health Records Company Hits $23m ARR Serving 6000 Health Customers
Sep 21, 2019
Assertion Not checkable as stated
Nusimow: DrChrono is at approximately $23M in ARR
“No, we're probably at around a twenty three million dollar ARR rate right now.”
Michael Nusimow Sep 21, 2019 ▶ 6:50 1519 Health Records Company Hits $23m ARR Serving 6000 Health Customers
Sep 21, 2019 bullish
Assertion Not checkable as stated
Nusimow: DrChrono achieved negative net churn in eight of nine quarters
“For the last I think it's been around eight of the last nine quarters, we've had a negative net churn, so we've been able to expand our user base beyond what we've churned.”
Michael Nusimow Sep 21, 2019 ▶ 11:43 1519 Health Records Company Hits $23m ARR Serving 6000 Health Customers
Sep 21, 2019 neutral
Assertion Not checkable as stated
Nusimow: Involuntary churn accounts for 60% of DrChrono's gross churn
“You know, for us about 60% of the gross churn that we do have is what I'd call involuntary churn which is, you know, a practice shutting down, providers leaving a practice.”
Michael Nusimow Sep 21, 2019 ▶ 11:55 1519 Health Records Company Hits $23m ARR Serving 6000 Health Customers
Sep 21, 2019
Assertion Not checkable as stated
Nusimow: DrChrono software licenses average roughly $6,000 per provider annually
“For the software side an average software per provider license would be roughly around 6000 dollars a year.”
Michael Nusimow Sep 21, 2019 ▶ 4:44 1519 Health Records Company Hits $23m ARR Serving 6000 Health Customers
Sep 21, 2019
Disclosure
Nusimow: DrChrono Ended 2018 at Around $15M ARR With 50% Growth
“We've been growing at about 50% year over year, so I believe we ended the year last year with about around fifteen million in ARR.”
Michael Nusimow Sep 21, 2019 ▶ 8:02 1519 Health Records Company Hits $23m ARR Serving 6000 Health Customers
Sep 21, 2019
Disclosure
DrChrono Takes a Cut of Clinic Insurance Collections for RCM
“Our upsell where we generate the revenue is by taking a percentage of the revenue that we help the doctor and clinic earn from the insurance company.”
Michael Nusimow Sep 21, 2019 ▶ 3:33 1519 Health Records Company Hits $23m ARR Serving 6000 Health Customers
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