The Ledger
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Johnson: HealthLoop refuses to monetize through patients, targeting physicians instead
“As a business, we've decided that we don't think the right The strategy is to monetize this through patients. While I think there's precedent for it, there's other companies that do, we sort of believe every patient deserves this. Physicians and their teams be…”
Johnson: Meaningful patient participation requires channeling trust through their doctor
“We believe that in order to earn and retain the trust of a patient that's sick and going through one of these episodes, you have to channel their doctor. That's the relationship of trust in healthcare. And if you can tie into that, you actually get the level o…”
Johnson: HealthLoop ARR is close to $4 million
“The physician practices are on a on an older sort of subscription model, so the ARR is closer to four million dollars a year.”
Todd Johnson: Salar had a $15M bootstrapped exit without venture capital
“We sold that company to the nation's second largest medical transcription firm in for how much? Yeah, it was a fifteen million dollar exit. That was a company that had no venture capital.”
Johnson: HealthLoop typical first-year ACV is $120K to $150K
“Typical first year contract value is about 120 to 150,000 dollars, and then we hope to escalate those year over year. To anywhere between a quarter of a million to a million dollars in annual revenue per year.”
Johnson: HealthLoop serves 70 groups across 20 hospitals and 50 practices
“Between hospitals and physician groups, we have about 70 groups on board, and the mix is about 20 hospitals and health systems and 50 independent practices.”