DrChrono co-founder Michael Nusimow notes the 10-year growth in healthcare provider adoption of EHR systems.
0:00 / 0:04exact quote · 4.2s
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“Medicare puts that somewhere around 85% of providers are using this tech.”
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More from Michael Nusimow
AssertionNot 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 NusimowSep 21, 2019▶ 6:501519 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 NusimowSep 21, 2019▶ 3:331519 Health Records Company Hits $23m ARR Serving 6000 Health Customers
AssertionNot 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 NusimowSep 21, 2019▶ 4:441519 Health Records Company Hits $23m ARR Serving 6000 Health Customers
AssertionNot 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 NusimowSep 21, 2019▶ 7:241519 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 NusimowSep 21, 2019▶ 8:021519 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 NusimowSep 21, 2019▶ 8:511519 Health Records Company Hits $23m ARR Serving 6000 Health Customers
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