Sramana Mitra: Tell us a little bit about your company. You’re a venture-funded company in the Bay Area, right? Jas Grewal: Yes, we are. The company started in 2015. We signed on a couple of pilot customers that we built our initial products around. We were looking at data. We were working incognito for a
Sramana Mitra: Let’s go to the payer side. What is the use case on the payer side and how do you cater to those customers? Jas Grewal: Interestingly, both have the same use cases. On the payer side, they also want to understand the existing and future risks of the patient. We are working with
Sramana Mitra: What about disease-specific or more demographic-specific? Jas Grewal: I’ll take a disease-specific example. In our latest presentation, we followed 12 years of data for cardiology patients. One of the really surprising findings was that 58% were women. It is seen as a man’s disease but, at the same time, it’s known as a
Sramana Mitra: These models that are helping with the recommendations, do you have heuristics? How are the models architected? Jas Grewal: The models are actually based on past research. One of the things about CareSkore is that we are a pretty academic company. We started following patients. We have historical data from Stanford and Yale.
Jas bootstrapped CareSkore with a paycheck and then was accelerated at YCombinator. The company rapidly scaled to over $5 million in revenues in 2016 selling a patient relationship management to hospitals and insurance companies. It’s a great window into a segment of Healthcare IT! Sramana Mitra: Let’s start by introducing our audience to CareSkore. Jas
Sramana Mitra: Talk to me about revenue ramp. You talked about hitting $1 million in 2009. How did the business accelerate from thereon? What were the drivers? Philippe d’Offay: We’re a four-time Inc 5000 nominee. That is one distinction that we’ve had. Last year, we generated $6.4 million in revenue. From 2009 to 2015, there was
Sramana Mitra: What you described is a very interesting organizing principle for organizational behaviour. Philippe d’Offay: It was fascinating. I’m one of those people who can’t just stop thinking about identifying the solution to the problems. Sramana Mitra: When you figured this out, you were able to put back the right dynamics in place? Philippe
Sramana Mitra: After you moved to the Bay Area, what were the next major strategic moves? Philippe d’Offay: After moving to the Bay Area, we had a product that physicians were very happy with. We were cash flow positive for four straight years. I talked about almost being bankrupt when we were in Atlanta. The