August Health
An early-stage company that builds technology to transform quality of care for vulnerable older adults.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
* | $29.0m | Series B | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 117 % | 197 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
August Health is a technology startup that provides a suite of digital tools designed to streamline and enhance the operations of care facilities. The company's primary market is the healthcare sector, specifically nursing homes and care teams.
The company's business model revolves around offering a productivity tool that helps care facilities save time, improve patient care, and enhance community relations. This tool includes features such as digital face sheets and emergency packets, progress notes and alert charting, and a family portal for billing. These features are designed to centralize and digitize all necessary documents, eliminating the need for physical files and reducing paperwork.
One of the standout features of August Health's offering is its ability to automate the move-in process for new residents. The tool can digitize move-in packets, complete with e-signatures and a collaborative family portal. This feature can reduce the time spent on move-in paperwork by up to 80%, improving occupancy rates by avoiding paperwork delays.
August Health also offers a compliance dashboard to help care facilities minimize risk and avoid citations. This feature includes autofill state-specific licensing forms, e-signatures, and real-time compliance status monitoring.
The company generates revenue by charging care facilities for the use of its productivity tool. The tool not only helps facilities save time and improve care but also has the potential to increase revenue by capturing better assessment data, reducing citations, and speeding up move-ins.
Keywords: Healthcare Technology, Productivity Tool, Digital Documentation, Care Facilities, Automated Move-in Process, Compliance Dashboard, E-signatures, Paperwork Reduction, Revenue Generation, Real-time Monitoring.