Phamily

Phamily

AI-powered platform for proactive, scalable healthcare, improving patient outcomes and physician efficiency.

HQ location
Cincinnati, United States
Launch date
Employees
Enterprise value
$40—60m
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DateInvestorsAmountRound
investor

€0.0

round
investor

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round
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€0.0

round
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N/A

$10.0m

Late VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2022
Revenues0000
EBITDA0000
Profit0000
EV0000
EV / revenue00.0x
EV / EBITDA00.0x
R&D budget0000

Source: Dealroom estimates

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More about Phamily
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Phamily, the core software platform of Jaan Health, operates as a proactive care and chronic care management tool for healthcare providers. Founded in 2013 by Nabeel Kaukab, the company was born from his personal experience with his father's heart attack and the realization that proactive, preventative care was lacking. Kaukab, with over 25 years of experience in healthcare, finance, and technology, including a decade as a healthcare investment banker at UBS & Barclays Capital, leads the company as CEO. He is joined by co-founder and Chief Product Officer, Toufique Harun, a serial entrepreneur focused on creating simple technology solutions for complex problems.

The firm primarily serves healthcare organizations such as medical groups, health systems, Accountable Care Organizations (ACOs), hospitals, and specialty care centers in areas like nephrology and neurology. Phamily's business model centers on enabling these organizations to establish and scale financially sustainable care management programs, particularly under fee-for-service models like Medicare's Chronic Care Management (CCM) and Advanced Primary Care Management (APCM). Revenue is generated by helping providers capture billable time for the between-visit care they deliver, which can create profitable service lines with margins around 40%. The company reports that its platform can help generate approximately $700,000 in annual revenue per 1,000 patients for specialty providers.

Phamily's core product is a HIPAA-compliant, AI-powered communication platform designed to manage patient care between appointments. It utilizes two-way, text-based communication to facilitate ongoing conversations between patients and their care teams, moving away from traditional, time-consuming phone calls. An AI Care Copilot assists care managers by providing personalized check-in message suggestions and helping to triage patient needs, allowing a single care manager to support up to 500 patients—a significant increase from the national median. Key features include rapid patient enrollment, condition-specific care plan templates, automated documentation for compliance, and highly compliant time-tracking for billing purposes. This approach aims to improve patient engagement, with the company reporting an average of 3.4 monthly interactions per patient, leading to better clinical outcomes and early intervention.

Keywords: chronic care management, patient engagement platform, proactive care, healthcare technology, remote patient monitoring, value-based care, care coordination, telehealth, AI in healthcare, medical group solutions, health systems support, fee-for-service billing, CCM, APCM, HIPAA compliant communication, patient communication, virtual care, nephrology care management, neurology care solutions, healthcare revenue cycle management

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