Vatorx2
Location: 1326 Mission St. , San Francisco, California, United States United States
Founded in: 2019
Stage: Pre-launch
Number of employees: 1-5
Short URL: vator.co/sana-healthcare
Followers (2)
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Sana Healthcare

Startup/business
San Francisco, California, United States United States
http://sanahealthcare.org
  • About
Company description

Electronic Health Records Suck! 

 

2 in 5 therapists have professional burnout due to the fact they spend a disproportionate amount of their time documenting in their EHRs.

 

Sana Healthcare is building a Voice + IoT system that aims at preventing professional burnout for therapists by automating all of their computerized tasks and helping them focus on caring for their patients. 

 

Therapy sessions are all voice-driven, so we are collecting patient data via IoT audio devices and analyzing it via NLP. Our CTO was on the team that passed the Turing Test and built Epic's MyChart so we are confident we can automate therapy session documentation with our system.

 

We are currently collecting training data with our clinical cofounder at UCSF and looking to expand our pilot to every therapy office at UCSF which will generate us approximately $22 million in annual recurring revenue.

 

Sana Healthcare's ultimate vision is to build the data-driven, IoT integrated, hospital of the future and we are just starting by building Smart Therapy Offices. 


Team
Business model

Based on customer interviews, charging $20 per therapy session is desirable, considering alternative is medical scribe which cost anywhere from $30-60 a session. However, for therapy visits, this is unfeasible due to privacy concerns. Sana automates scribe job, provides upmost security/privacy, and provides additional insights via our analytic platform.

UCSF sees 22,000 therapy patients a year. Patients need therapy at minimum once per week on average, which means UCSF hosts 1,144,000 unique therapy sessions a year. If we charge $20 per therapy session, that equates to a reoccurring revenue of $22,880,000 a year for ONE hospital.

Competitive advantage

Access to the best mental health clinics, the technology that passed the Turing Test, and experts in the mental health space.