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HealthAtom is aiming to become a cloud-based operating system for small and medium-sized healthcare companies in Latin America (LatAm). Although the company has been around since 2012, this is the first time it has announced a new capital of $10 million.
HealthAtom’s medilink and dentalink software suites enable clinics to create schedules, manage electronic health records, monitor inventory, manage payroll, and submit budgets and regulatory documents. They have telehealth capabilities that allow patients to access their records on a mobile device.
The supplier communicates with HealthAtom about the size of their operations and information about their needs and requirements. After consultation, a plan is established and information can be transferred to the cloud platform, respecting local regulations. According to the founders, a clinic can be up and running on the system in three hours.
Depending on the size of the surgery and local regulations, the clinic can charge between $20 and $20,000 per month. Today, HealthAtom has approximately 6,500 customers in 20 countries with major operations in Chile, Colombia and Mexico. Additionally, 50,000 doctors and dentists use the company’s services and conduct more than 42 million appointments annually.
“We are at a point where there is a sales tension,” said co-founder and CEO Roberto Leon in an interview with TechCrunch (conducted in Spanish and translated by the author). “It’s a tool that goes beyond SaaS and turns it into a technology solution that supports the entire ecosystem to increase transparency in healthcare processes.”
According to a report by the McKinsey Global Institute, digital adoption in healthcare systems in Latin America has focused on large hospitals and small and medium-sized businesses. Additionally, the offerings available to SMBs are often low on affordability and do not provide what clinicians need. HealthAtom wants to be part of the solution by being a “one stop shop” for small and medium sized healthcare clinics to get their work done.
Image Credits: HealthAtom
Although there are some local and country-specific companies that offer similar services, HealthAtom is the only Latham-wide provider. Although the company has a global presence, the founders told TechCrunch that meeting each country’s regulations remains a challenge.
“There’s regulation and compliance with how things are signed, how information is stored, how certain health information is recorded,” said co-founder and CPO Daniel Guajardo. “All of this has country-to-country differences and has allowed us to have a very regional product in these 10 years of bootstrapping.”
HealthAtom has received $10 million in Series A funding led by Kayak Ventures, with participation from FJ Labs, Soma, Amador, Taram and (a number of) angels.
Funds from this round will be used to include payments embedded in the software, to develop partnerships with insurance companies and to develop a loan program for patients.
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