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Healthworx Delivering Programs to Help Startups
·
Feb 24, 2021
Halcyon Partnership: Providing Mentorship to Healthworx Fellow For the third time, Healthworx will provide mentorship to...
Problem
Barriers to access
healthcare & resources for
marginalized communities
Why HealthOpX exists:
- Co-Founders are 2nd generation Americans who faced substantial barriers growing up, having to navigate the healthcare system and resources for their parents
- Barriers to healthcare & resources
- $1.7 trillion in avoidable healthcare spend
- Nonprofit organizations that had the trust in the community helped us, but were unorganized and all
gradually faded away or downsized
Solution
Innovative solutions for organizations serving marginalized communities
Aiming to improve accessibility to
healthcare & resources for those who are in need.
Health OpX has designed two complementary solutions to advance nonprofits & healthcare institutions in the digital era.
- The HealthOpX platform was designed to remove the legal and technical barriers for nonprofits and healthcare organizations to work with each other—providing these organizations with an additional revenue stream. Working together allows nonprofits and healthcare orgs to collaborate on healthcare and social assistance, providing preventative care for marginalized communities and reducing avoidable healthcare spend.
- The HelpOpX platform was made to help nonprofits manage their operations and become sustainable by showing their impact.
Product
HealthOpX is building a sustainable system
For health insurers & other healthcare institutions
- Access to grassroots organizations in your vicinity
- Align with organizations to receive communities members' contact information, documents, and service history
- Receive targeted and coordinated services for your patients and enrollees to improve health outcome
For nonprofits & other supportive organizations
- Access to referral networks with partnered organizations
- Manage volunteers' & communities members' information, contacts, documents, and more
- Case management & survey tool
- Live dashboard to track all programs at once
- Mass text message outreach tool
- Generate performance reports and view analytics to assist with grants
- Access to health providers & partners
Traction
4 pilots, 2.3k+ members, 2 products, and increasing nationwide success
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Track record of expansion
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Pilots
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Lifetime Family Care Clinic
Worked with a primary care physician to help 25 non-English-speaking Hmong patients feel more comfortable and receive better care. Doctors saw patients 40% faster and patients felt more comfortable and shared information that the doctors otherwise would not have caught.
Latinos United in Flint & Genesee County Free Medical Clinic
Worked with free clinic and LatinX community in Flint to help coordinate translation services between the two organizations.
University of Alabama-Birmingham Medical System Pilot
Community Health Workers from Connection Health, Acclinate, Cooper Green Mercy Health Services, Prosper Birmingham, and Viva Health Insurance to use our platform to coordinate social and preventative healthcare services for marginalized communities in Birmingham, Alabama.
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News Coverage
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- BlueCross BlueShield (Healthworx)
Chosen to present their solution to leadership from ONC, OASH, CDC, CMS, HRSA, with attendance from Sanjay Gupta (SBA) in relation to an innovation program run by DHHS to address minority health disparities exacerbated by covid-19. We were one of the startups chosen for partnership. We got to meet with decision-makers at the Office of Minority Health and other mentioned organizations to get feedback on our product and how to grow our business.
Interviewed and chosen as one of the startups to showcase a booth at the Forbes 30 Under 30 event in Detroit, MI. in 2019.
Recognized by the Lansing Chamber of Commerce as a top company innovating in the region.
Included in a political whitepaper as one of the early-stage innovation companies that directly addressed the Biden-Harris administration's goals for the country.
Met with former Department of Health and Human Services deputy secretary (Eric D. Hargan), Deputy Chief of Staff (Ken Callahan), & Special Assistant (Chris Kotwicki)
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Impressive partnerships
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Customers
HealthOpX is for everyone
Accessibility is the key
Individuals and families
- Interact via text-message
- Low touch interaction
- Ease of use
Community-based
organizations
- Community Relationship Management tool software
- Digitize documents & processes
H
ealthcare Institutions
- Tap into community organizations
- View received services
at a glanceMaking sure that all our analytics are together, we fed 1,000 people in one event, and hit a lot of doors and collected a lot of data. We are utilizing HealthOpX for that to seek funding for our programs."
Business model
Sliding scale subscriptions
for community organizations & healthcare institutions.
| Fees for healthcare institutions |
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| Fees for community organizations |
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| Fees for community members |
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Market
$13.5B total
available market
Competition
Unique community-organization-based approach
Vision and strategy
$90k revenue in 2021
to $10M projected in 2026*
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Next steps
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Leverage ethnic & community contacts- Commission, partnerships, referrals
- Funnel in nonprofit coalitions, nonprofit incubators, and accelerators
- Existing large customers
- Organic marketing
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50 insurer/government contracts by 2028
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Our progress towards $10M*
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Impact
HealthOpX is on a mission to create sustainable change for the underserved
Our cofounders are 2nd generation Americans who had to help their parents navigate the healthcare system. They leaned on their community and community-based organizations for guidance.
They knew that to create a sustainable change in their communities, they had to uplift and support the community-based organizations that helped them growing up.
HealthOpX saw similarities in other underserved populations around the US, and how community organizations were also a pillar of those communities.
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Uplift and support:
successful community engagement
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We account for the problems that regularly affect underserved populations
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Funding
Backed by Gener8tor, Jumpstart Foundry, & Camelback Ventures
Using this round of funding, we will plan to expand our customer base by hiring support in sales & marketing.
We previously raised and participated with:
- Gener8tor
- Jumpstart Foundry
- Redhawk Advisory
- Camelback Ventures
- Halcyon Incubator
- Conquer Accelerator
- Kenneth Faltischek (Formerly with CareConnect & Sandata)
Founders
CEO, Former process engineer, business strategy and development. Founded two companies prior in blockchain for medical records, and digitized international medical tourism.
Team
- Ex Techstars Associate
- 6+ years of startup development
- 10+ years of lead generation
Advisors
| Xanthi Scrimgeour CEO of CommunicateHealth |
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| Dr. Jackeline Iseler Program Director—Clinical Nurse Specialist Program, Michigan State University |
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Carolyn Quick |
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