Radial Analytics
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | <1m | <1m | <1m | <1m | <1m |
% growth | - | 83 % | - | 9 % | 8 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | $180k | Grant | |
N/A | $400k | Seed | |
$500k | Seed | ||
* | $230k | Grant | |
N/A | $630k | Seed | |
$750k | Grant | ||
* | $3.0m | Late VC | |
Total Funding | AUD8.8m |
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EditRadial Analytics is a healthcare technology startup that specializes in providing advanced care management tools designed to optimize patient transitions and improve healthcare outcomes. The company operates primarily in the healthcare sector, serving a range of clients including hospitals, health systems, payer organizations, Accountable Care Organizations (ACOs), state and local health agencies, consulting firms, and post-acute care providers.
Radial Analytics leverages augmentative AI (Artificial Intelligence that enhances human decision-making) to deliver real-time guidance supported by millions of data points. This technology helps healthcare providers make more informed decisions, thereby improving patient care and operational efficiency. The company's flagship products, Smart Placement and Smart Hospice, are designed to centralize more care in the home, shorten hospital stays, and avoid readmissions, all while improving staff efficiency.
The business model of Radial Analytics is based on a Software-as-a-Service (SaaS) approach. Clients subscribe to their suite of care management tools, paying a recurring fee for access to the platform and its features. This model ensures a steady stream of revenue while allowing clients to benefit from continuous updates and improvements to the software.
Radial Analytics makes money through these subscription fees, and potentially through additional services such as consulting and implementation support. By offering a comprehensive solution that integrates seamlessly into existing healthcare workflows, Radial Analytics provides significant value to its clients, helping them achieve better patient outcomes and operational efficiencies.
In summary, Radial Analytics is transforming the healthcare landscape by providing innovative, AI-driven tools that enhance clinical decision-making and improve patient care.
Keywords: healthcare technology, care management, AI, patient transitions, hospitals, health systems, ACOs, SaaS, operational efficiency, patient outcomes.