August Well being digitizes senior residing communities for higher care – TechCrunch

Senior residing communities typically depend on paper or legacy programs to handle their operations, making it tough for healthcare suppliers to maintain observe of residents’ wants. August Well being is on a mission to alter that, with a SaaS system created particularly for senior residences. The corporate has raised a $15 million Sequence A, led by Matrix Companions and returning investor Common Catalyst. The spherical additionally included participation from Dan Baty, the founding father of Columbia Pacific, and Arine Whitman, founding father of Formation Capital. This brings August Well being’s whole raised to date to $17.6 million.

The corporate’s vertical SaaS that manages care and compliance for hundreds for senior residing residents, and it additionally features a digital care platform that permits telehealth visits with physicians. Co-founder Erez Cohen says that about 74% of senior residing communities are nonetheless run on paper.

Cohen is a second time founder whose first startup, Mapsense, was acquired by Apple in 2015. He met his co-founder, Dr. Justin Schram, at a playground in Bernal Heights in 2020, the place each their youngsters had been enjoying.

Cohen had just lately left his place at Apple, the place he led an engineering and product group after Mapsense was acquired, and was in search of mission-driven alternatives. At the moment, Schram was medical director of Landmark Well being, a healthcare group that focuses on older sufferers.

Many resided in senior residing communities, giving Schram an opportunity to see how a whole lot of residences nonetheless operated on paper and legacy tech programs, making it tougher for Landmark’s suppliers to achieve entry to details about their sufferers. For instance, if a supplier needed to know a sufferers’ medicine record, care plan, historical past of current occasions or weight and vitals developments, they needed to dig by way of paper data onsite. This offered an issue, particularly when there was an emergency.

“Justin shared his expertise with me working in senior residing communities, the place a few of society’s most important work is happening, but the communities are underserved by trendy, top quality know-how to help their intensive and sophisticated care operations,” Cohen advised TechCrunch, including that COVID underscored these points.

The 2 began visiting communities the place Dr. Schram beforehand had sufferers and noticed a possibility to help directors and caregivers by constructing software program that will automates busywork, simplify compliance and streamline group providers, Cohen added.

Individuals working at senior care residences typically wrestle with time-consuming paperwork, together with move-in packets, face sheets, emergency binders, medicine administration data and repair plans. “When some data will get up to date in a single place, it typically stays outdated within the different, and the supply of fact grow to be tough to determine,” Cohen stated. “This has led to lawsuits, it typically stays outdated, the place disparate data have resulted in harm or loss of life.”

Paper data additionally make monitoring primary analytics very tough. For instance, Cohen stated senior care residence staffs typically have bother monitoring (for instance) what number of falls have occurred of their facility, how a lot they need to cost for brand new residents and the typical acuity throughout communities.

Along with impacting resident care, this results in employees burnout. Many senior residences are coping with employees shortages and struggling to recruit youthful employees members, particularly throughout COVID, Cohen stated.

August Well being helps by making a digital cost for every resident with all of the core data wanted to coordinate their care, talk with relations and exterior suppliers, keep compliance with state laws and run companies with visibility into analytics. For instance, it digitizes the move-in course of, gathering the medical, social and private histories of every affected person, in addition to their preferences, and syncing it in actual time.

Members of the family get entry to a portal for filling out data, updating data, getting visibility on the resident’s care and choices for fee. That information goes on to a resident care document, the place the residence’s employees can conduct assessments, create care plans, chart progress notes, observe incidents, generate and retailer important paperwork and handle medicines and monitor developments.

Importantly, August Well being’s compliance instruments additionally carry out a real-time analysis of regulatory compliance based mostly on state-specific necessities and generates computerized reminders if necessities are lacking or must be up to date, Cohen stated. “The answer helps observe and automate compliance, which is a large ache level for purchasers, traditionally requiring a complete lot of psychological load, sticky notes and Excel spreadsheets to manually observe due dates to keep away from quotation or fines.”

Cohen stated August Well being’s largest opponents are legacy programs that had been initially constructed for different industries. For instance, Yardi was created as a basic real-estate and property administration software program, however added assisted residing care instruments by way of acquisition. PointClickCare, alternatively, was constructed as a post-acute, expert nursing software program and is a hospital-level EHR, which suggests it’s typically tough for Assisted Residing customers to navigate. Different choices embody AL Benefit, Tabula Professional and Caring Information.

The startup monetizes by way of its two predominant merchandise: a Transfer-in solely product that’s restricted to preliminary consumption workflow. August Well being expenses a price per energetic resident every month. The vast majority of its clients are additionally on its end-to-end Assisted Residing software program platform, which additionally expenses communities per energetic resident every month.

“We align with our clients so they aren’t paying for empty beds however as a substitute just for precise residents locally,” stated Cohen.

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