Nonnatech

Nonnatech operates in the digital health sector, providing a remote health monitoring (RHM) platform for early health deterioration detection and intervention. Founded in 2010 by Gary German, the company was inspired by his personal experiences, particularly caring for his grandmother after she suffered a stroke and witnessing her abuse by a caregiver. This experience, coupled with his background in finance and involvement in various healthcare businesses, motivated him to leave finance and establish a company focused on improving care for older adults and those with chronic conditions. The company's name, Nonnatech, was inspired by the Italian word for grandmother, "Nonna."

The company's core offering is a device-agnostic, patented AI-powered platform that utilizes both active and passive sensors to collect patient data. This system monitors a wide range of metrics, including vital signs like heart rate and blood pressure, as well as activities of daily living such as mobility, sleep patterns, and toileting habits, without requiring the patient to wear a device. The collected data is then processed through predictive analytics and machine learning algorithms to identify trends that may signal a potential health issue, such as a urinary tract infection, before symptoms become severe. This enables care teams to intervene earlier, aiming to reduce avoidable emergency room visits and hospitalizations. Nonnatech has reported that its system can reduce emergency room visits by 35%, potentially saving providers over $500 per patient per month.

Nonnatech's business model targets a broad range of clients across the healthcare continuum, including hospitals, health systems, physician practices, payers, Accountable Care Organizations (ACOs), home care agencies, and senior living communities. The company generates revenue through a subscription-based model, with pricing tiers offered per user per month. Their services are designed to be turnkey, providing clients with everything from device ordering and in-home installation to staff training and workflow integration. The technology is also reimbursed by the Centers for Medicare and Medicaid (CMS) and various commercial payers. The company has secured approximately $2.6 million in funding through multiple rounds, with the latest being a Later Stage VC round in November 2023. Investors include 500 Global, Village Capital, and Right Side Capital Management.

Keywords: remote health monitoring, predictive analytics, digital health, patient monitoring, senior care technology, chronic condition management, telehealth, healthcare data analytics, value-based care, hospital readmission reduction, home healthcare, assisted living technology, passive sensing, activities of daily living monitoring, preventative healthcare, gerontechnology, population health management, AI in healthcare, remote patient monitoring platform, healthcare cost reduction