Equitable Healthcare | Yoona Kim | Becoming a Founder | CoCoon
Feb 21, 2023
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Meet Yoona Kim, founder of Arine, a medication optimization AI platform. She discusses her journey as an entrepreneur and the social determinants of health. Learn about the consequences of incorrect medication management and how the Reins AI algorithm improves prescriptions. Yoona also shares insights on growing a startup team and raising funds as a founder. The ultimate goal is to provide accessible medication intelligence to all patients with multiple medications.
Areen's AI-driven platform optimizes medication regimens based on individual needs, reducing hospitalizations and improving healthcare outcomes.
Areen addresses social determinants of health by providing resources and referrals to patients, promoting comprehensive and patient-centric healthcare.
Deep dives
Improving Medication Management
Areen, an AI-driven medication management platform, aims to ensure that patients receive the correct medications and adhere to their prescribed regimens. By analyzing patient data, Areen identifies the right medications and dosages based on individual needs, reducing unnecessary hospitalizations and improving healthcare outcomes. The platform also addresses social determinants of health, such as food insecurity and transportation barriers, by providing resources and referrals to patients. With a growing team of over 100 employees and partnerships with health plans, Areen is working towards making equitable and affordable healthcare accessible to all. Through its innovative approach and focus on delivering outcomes, Areen has gained investor support and recently closed a successful Series B funding round.
The Impact of Medication Errors
Mismanagement of medications can have serious consequences, leading to avoidable hospitalizations and complications for patients. Areen aims to address this issue by leveraging its AI algorithm to generate medication recommendations for healthcare providers. By ensuring that patients are on the right medications at the correct dosages, Areen helps prevent adverse drug interactions, untreated conditions, and improper escalation of therapy. Through its platform, Areen empowers healthcare professionals to optimize medication regimens and improve patient outcomes while reducing healthcare costs. With a focus on medication accuracy and patient safety, Areen is making a significant impact in the healthcare industry.
Bridging Gaps in Healthcare
Areen recognizes that healthcare goes beyond simply prescribing medications. The platform acknowledges the importance of addressing social determinants of health, including factors like housing, food resources, and transportation. By incorporating these elements into its algorithm, Areen helps identify and close gaps in care. The platform provides patient-facing education templates and prescriber-facing recommendations to ensure holistic patient care. By collaborating with health plans and healthcare providers, Areen aims to promote comprehensive and patient-centric healthcare, addressing the underlying factors that affect overall well-being.
Fundraising and Growth
As a startup in the healthcare industry, Areen faced challenges during its early stages of fundraising. However, with a compelling vision and evidence of patient outcomes, Areen secured backing from investors and experienced significant growth. The company raised $29 million in its recent Series B funding round, led by prominent investors. With this financial support, Areen has expanded its team, now consisting of over 100 employees, and continues to attract clients, including major health plans. As it develops its sales machinery and business infrastructure, Areen is well-positioned to scale its operations and further advance medication management in healthcare.
In this episode, meet Yoona Kim, founder of Arine. Her entrepreneurial journey traces back to her middle school years. Today Arine is a medication optimization AI platform. Beyond that, Yoona shares her perspective on the social determinants of health and whole patient care. Discover how she became an entrepreneur and grew Arine to over 100 team members and recently closing their series B.
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