
Auxita
Provides valuable, unbiased information to physicians in real-time.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | AUD5.0m | Early VC | |
Total Funding | 000k |
USD | 2021 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Auxita, founded in 2015, operates within the Canadian HealthTech sector as a software-as-a-service (SaaS) provider. The company was established by a team with extensive experience in healthcare technology who identified a critical disconnect between the tools used to manage patient health and the operational realities of a busy medical practice. This realization led to the creation of a platform built in direct collaboration with physician advisors to address these workflow inefficiencies. Matt Cahill, who joined in 2017 and has served as CEO since December 2020, brings a background in business development within health and technology firms, including QHR Technologies and Nuance Communications.
The company's core business revolves around a digital platform designed to reduce the administrative burden for healthcare providers, particularly specialists like rheumatologists, dermatologists, and gastroenterologists who prescribe complex specialty medications. The platform acts as a central hub, connecting physicians, patients, insurance providers, and pharmaceutical-run Patient Support Programs (PSPs). It integrates directly with clinic Electronic Medical Record (EMR) systems to streamline the entire patient journey, from initial consultation to treatment. Historically, this process involved a heavy reliance on paper forms and fax machines, creating significant delays and administrative challenges. Auxita digitizes these workflows, offering features such as automated, pre-populated digital forms for PSP enrollment and prior authorization, which can be completed in under a minute.
Auxita's revenue model is based on partnerships with pharmaceutical companies and other industry stakeholders who benefit from the efficiencies created by the digitized process; the platform is provided free of charge to physicians and their clinics. The service provides a dashboard that gives clinicians a clear overview of a patient's health, tracks their progress through the PSP journey, and provides alerts for follow-ups. The platform maintains an up-to-date digital library of all necessary forms for biologics and biosimilars, removing the need for clinics to manage this manually. By simplifying access and communication, Auxita enables medical practices to focus more on patient care and less on paperwork.
Keywords: healthtech, digital health, patient support programs, PSP, EMR integration, electronic medical records, physician workflow, administrative burden, specialty medications, prior authorization, SaaS, healthcare platform, clinical data, patient journey, medication adherence, rheumatology, gastroenterology, dermatology, Canadian healthcare, digital forms