HealthAtom aims to become the cloud-based operating system for small and medium healthcare companies in Latin America (LatAm). Although the company has been around since 2012, this is the first time it has announced new capital, worth $10 million.
HealthAtom’s medilink and dentalink software suites enable clinics to create schedules, manage electronic health records, manage inventories, manage payroll, and provide budget breakdowns and legal filings. They also have telehealth capabilities that allow patients to access their records on a mobile device.
Provider will contact HealthAtom with information regarding the scope of their business and their needs and desires. After consultation, a plan is drawn up and information can be transferred to the cloud platform, taking into account local regulations. According to the founders, a clinic can be operational on the system within 3 hours.
Depending on the size of the surgery and local regulations, a clinic can pay between $20 and $20,000 per month. Today, HealthAtom has nearly 6,500 customers in 20 countries with main operations in Chile, Colombia and Mexico. In addition, 50,000 physicians and dentists use the company’s services and process more than 42 million appointments annually.
“We are the point where the sales tension occurs, at the information level,” co-founder and CEO Roberto León said in an interview with australiabusinessblog.com (conducted in Spanish and translated by the author). “It’s a tool that can go beyond the SaaS and transform us into a technology solution that integrates the entire ecosystem to increase the transparency of health processes.”
According to a report conducted by the McKinsey Global Institute, digital adoption within healthcare systems in LatAm has focused on larger hospitals and left out small and medium-sized businesses. In addition, offers for SMEs are often less affordable and do not offer what a clinic needs. HealthAtom wants to be part of the solution by being the “one stop shop” for small and medium sized healthcare clinics to run their operations.
While there are some local and country-specific companies offering similar services, HealthAtom remains the only LatAm-wide provider. While the company offers a continental reach, the founders told australiabusinessblog.com that it was a challenge to comply with each country’s regulations.
“There is regulation and compliance regarding how things are signed, how information is stored, how certain health data should be recorded,” says co-founder and CPO Daniel Guajardo. “All of this has variations from country to country and has allowed us to focus on having a very regional product in these 10 years of bootstrapping.”
HealthAtom has received support in the form of a $10 million Series A led by Kayyak Ventures, with participation from FJ Labs, Soma, Amador, Taram and a number of Angels.
The money from this round will be used to integrate integrated payments into the software, form partnerships with insurance companies and develop a patient loan program.