Photo - Hucu.ai
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Hucu.ai

Patient-Centered HIPAA compliant messaging hub.

USA, Illinois
Market: Medicine, Telecommunications, Artificial Intelligence, Mobile applications
Stage of the project: Operating business

Date of last change: 30.10.2020
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Idea

For healthcare organizations and teams worldwide, who are overwhelmed with the flood of uncoordinated & unorganized communication, Hucu.ai is one central messaging hub that enables people to spend less time chasing each other trying to communicate and more time caring for patients because:
1. Hucu.ai saves at least an hour per team member
2. It is easy to setup, use and maintain - just like whatsapp
3. It is a focused alternative - Instead of wasting time on many different 1 to 1 communication methods like fax/email/phone/sticky notes.

Current Status

$240K ARR contracts
140 locations
16 paying clients
3000 patients growing to 14000 in next few months
600 unique users

Market

Healthcare Organizations Worldwide

Problem or Opportunity

For healthcare organizations and teams worldwide, who are overwhelmed with the flood of uncoordinated & unorganized communication, Hucu.ai is one central messaging hub that enables people to spend less time chasing each other trying to communicate and more time caring for patients because:
1. Hucu.ai saves at least an hour per team member
2. It is easy to setup, use and maintain - just like whatsapp
3. It is a focused alternative - Instead of wasting time on many different 1 to 1 communication methods like fax/email/phone/sticky notes.

Solution (product or service)

Please visit our website for customer success videos, testimonials, product details, and more.
www.hucu.ai

Competitors

https://www.hucu.ai/hucu-comparison/

Advantages or differentiators

https://www.hucu.ai/hucu-comparison/

Finance


Growing very fast due to COVID19

Expected ARR around $10M by 2023

Good control over cost - currently only $20K burn per month.
Expecting to become profitable by Q1

Business model

Free version to get started
Paid PMPM version with advanced features and capabilities
$ Per User license if Business not signed up
$ fee Per Referral
$ fee Per 1st consult with patient/family
$ fee Per 2nd consult with patient/family

Channels:
Other healthcare technology companies that require messaging around patient data among various professionals from different organizations

Money will be spent on

Making the product viral like whatsapp
Analytics / Reporting
Digital Marketing

Offer for investor

Convertible Note
$10M cap
20% discount
4% Interest

Team or Management

Risks

Hucu.ai may not scale as fast if everyone around a patient is not on Hucu.ai communicating. However, we have found that organizations are using Hucu.ai for internal uses as a starting point as we introduce self service and viral capabilities. See success videos of client CEOs and their teams and why they are bullish on Hucu.ai:
https://www.hucu.ai/hucu-videos/

Incubation/Acceleration programs accomplishment

Startup Health - recently joined.

Won the competition and other awards

Won OPEN Chicago 2019 Pitch Event.

Photos

Photo 1 - Patient-Centered HIPAA compliant messaging hub.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video