Assertion Partly supported AI assessment confidence: 85% certainty 4/5 debate potential 1/5

Nusimow: US Meaningful Use program paid $30B for EHR adoption

Michael Nusimow · 1519 Health Records Company Hits $23m ARR Serving 6000 Health Customers · Sep 21, 2019 · at 9:55

DrChrono co-founder Michael Nusimow explains the regulatory and financial incentives driving electronic health record adoption.

0:00 / 0:11exact quote · 11.3s
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“And there was a set of government incentives called Meaningful Use that paid out thirty billion dollars over the last 10 years to really just giving incentives to doctors to start using EHR tech like Dr. Crono and others”

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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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