Spark xyz

Addy.ai

Our SaaS product automates the back office functions that are burdening medical clinics in the US today. Twenty-five to Thirty percent of healthcare costs are administrative, much of which is unnecessary with proper automation. With proper automation, medical clinics can scale and expand without hiring new administrative support; valuable resources such as nurses and medical assistants can be relieved from the burden of data entry; staff shortage problems can be eliminated. We are passionate about changing how medical clinics function for the benefit of us all. We are experts in AI and we have expertise in how clinics work.

Seattle, WA, USA

One Liner: Our SaaS product automates the back office functions that are burdening medical clinics in the US today. Twenty-five to Thirty percent of healthcare costs are administrative, much of which is unnecessary with proper automation. With proper automation, medical clinics can scale and expand without hiring new administrative support; valuable resources such as nurses and medical assistants can be relieved from the burden of data entry; staff shortage problems can be eliminated. We are passionate about changing how medical clinics function for the benefit of us all. We are experts in AI and we have expertise in how clinics work.

Problem: In SMB medical clinics, profitability is paramount, but the burden of manual document handling poses a major obstacle. Staff are tied up classifying documents and manually entering data into EMR systems, diverting valuable resources. In the US administrative tasks account for 25% of healthcare costs, much of it unnecessary by applying AI.

About Us: Addy is an AI bot for document handling for medical clinics. We have the unique combination of deep & growing understanding of the document workflow for clinicians along with expertise in AI application development. We're focused on a niche solution with a big potential impact on healthcare operations in the US.

Highlights: We have worked closely with a few specialty clinics in the Puget Sound area to ensure that we have a solution that matches the unique needs for automating document workflow for clinicians. We've launched our product, Addy, and now are working with these clinics on implementing it into their operations. The pain point is very real for these clinics.

Business Model: Our business model is SaaS subscription. Our average monthly subscription target per clinic is $2,000 per month. The price can vary by number of documents processed. The internal cost of processing the documents is very low (below 10%) and the product is very scalable.

Quote: What sets us apart is our keen understanding of the significant pain point plaguing medical clinics - the exorbitant costs tied to manual document processing in healthcare. We've tackled this challenge head-on by leveraging our deep expertise in the complex workflow. Moreover, we've innovatively addressed change management concerns by implementing a seamless, behind-the scenes bot, eliminating the need for staff to learn a new user interface.

Revenue To Date

N/A

MRR

N/A

Revenue YTD

N/A

Burn Rate

N/A

Total Users

Total Users (Past 30 Days)

Daily Active Users

N/A

Monthly Active Users

Total Paying Users

N/A

MoM Growth Users

N/A

Organic Traffic %

N/A

CAC

N/A

LTV

N/A

Churn

N/A

Margins

N/A

Business Strategy: We are planning on presenting at conferences for lead generation. Also, we are building a vertical team of independent medical sales people. We are setting up a channel program to co-sell with EMR companies and their VARs.

Competitive Analysys: Currently, there are no direct competitors to Addy. However, we expect that dominant EMR systems such as Epic and Cerner may develop their own AI document automation capabilities. These are very expensive products and is not affordable for most privately owned clinics. In addition to these two market leaders, there are hundreds of other EMR systems used by clinics. Also, SMB medical clinics have their own unique document workflows that will not be addressed by these market leaders.

Competitor	Website
Cerner	www.cerner.com
Epic	www.epic.com

Networking: We are open to meeting up to grab a coffee, or just to chat. We would really enjoy your feedback and insight into our venture and would be happy to discuss anything that you are currently working on to see if we can be of service!

Name	Amount
Amount Left	$2,000,000.00
Amount Raised (This Round)	$0.00
Amount Raise To Date	N/A
Investment Type	N/A
Type of Raise	Equity or Convertible Notes

Valuation

$5M

TAM

$25B

SAM

$2B

SOM

$750M

Business Stage: Beta

Business Types: Investor-Backed

SaaS

B2B

Healthcare

Addy.ai

One Liner

What Problem We are Solving

About Us

Venture Highlights

Business Model

Competitive Advantage

Revenue

Users

Customer Costs

Go-To Market Strategy

Team

Competitive Analysis

Networking

Share

Capital

TAM SAM SOM

Business Stage

Business Type

Categories