SaaS Interviews with CEOs, Startups, Founders AI SaaS for Hospitals Does $50m/yr up from $25m last year, Reveleer CEO
Nov 26, 2024
Discover how a healthcare SaaS company doubled its revenue to $50 million and aims for $100 million next year. Delve into the transformative impact of AI and workflow automation in value-based care. Explore the challenges of strategic growth, including mergers, partnerships, and talent management. This conversation reveals the critical decisions behind scaling success in the competitive healthcare technology landscape.
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Slow Growth Then COVID Impact
- Reveleer's growth was slow for the first six years, reaching $25M in revenue.
- COVID initially seemed like it wouldn't impact them, but then the government shut down their markets, causing a pause.
Risking Personal Assets for the Vision
- Jay Ackerman used his house as collateral in 2018 to secure debt financing for Reveleer.
- This was done to bridge a financial gap and keep the company afloat because he believed in the vision.
Scaling Through Technology and Capital
- Reveleer introduced machine learning to read medical records and automate its platform in 2019.
- Securing capital in 2021 allowed for key executive hires and a shift to offensive growth strategies.