Assertion Supported AI assessment confidence: 92% certainty 4/5 debate potential 1/5

Nusimow: Only about 700,000 of the 1M US MD holders practice medicine

Michael Nusimow · 1519 Health Records Company Hits $23m ARR Serving 6000 Health Customers · Sep 21, 2019 · at 5:05

Michael Nusimow, co-founder and CEO of DrChrono, describes the total addressable physician market in the United States.

0:00 / 0:11exact quote · 11.6s
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“There's about a million people with an M.D. In the United States, and only about 700,000 of those M.D.s who, you know, people in the U.S. Who have a medical degree actually practice medicine today.”

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More from Michael Nusimow

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
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
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
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
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
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
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