Manav Sevak, CEO and Co-Founder at Memora Health discusses the challenges in healthcare journeys, the development of their platform, the future of healthcare, and lessons on entrepreneurship and motivation.
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Quick takeaways
Memora Health has developed an AI-powered platform for analyzing and structuring healthcare data, aiming to improve patient outcomes and operational efficiency.
Moira Health's founding story was motivated by firsthand experiences with the healthcare system, leading to the development of a platform focused on improving patient communication and care delivery.
Deep dives
Moira Health's Comprehensive Platform for Care Delivery
Moira Health, led by CEO and co-founder Moira Sabok, has developed an AI-powered platform for analyzing and structuring healthcare data. Their platform focuses on digitizing and automating patient communication workflows, improving patient outcomes and operational efficiency. Moira recently raised $10 million in a venture round led by A16Z. They initially started with a research study on medication adherence, which led to their first pilot and eventual incorporation. They prioritize listening to health systems and understanding their specific needs when selling their product. Moira emphasizes building a collaborative and mission-driven culture.
The Founding Story and Inspiration behind Moira Health
Moira Health's founding story was motivated by firsthand experiences with the healthcare system, particularly the challenges faced by a close friend with ulcerative colitis. They identified the need for better infrastructure and care management for patients outside the hospital walls. Through research and understanding of digital health tools, they started Moira as a solution to improve patient communication and care delivery. They began with a focus on medication adherence and gradually expanded to support complex care workflows. Their first feature involved using text messages to remind patients to take medications, leading to successful pilot studies and continued development of their platform.
Moira's Role in the Changing Landscape of Healthcare
Moira Health aligns with the evolving trends in healthcare, such as the shift from episodic to longitudinal care and the transition to value-based care. Their platform aims to empower health systems in managing complex populations, enhancing communication, and automating processes. Moira's focus on the hospital and health systems as critical intersections of care allows them to deliver clinical intelligence and improve outcomes. As healthcare continues to undergo digital transformation, Moira seeks partnerships with care coordination, remote monitoring, and clinical trial companies to further expand their impact.
Scaling Moira and Hiring for the Future
Moira Health is experiencing rapid expansion and plans to nearly triple its team in 2022. They are hiring across various functions, including operations, legal, finance, sales, engineering, and product strategy. Moira values diversity and maintains a collaborative and mission-driven culture. They emphasize the importance of working on a problem that founders genuinely care about and continuously seeking motivation to make an impact. Moira's focus remains on building the underlying infrastructure for patient and provider interactions, positioning them for growth in the evolving healthcare industry.
In this episode, Vivien gets to know Manav Sevak, the CEO and Co-Founder at Memora Health, the intelligent platform that simplifies how patients and clinicians navigate complex care journeys.
Memora Health has developed the most comprehensive end-to-end platform for analyzing and structuring fragmented health care journeys. Memora uses artificial intelligence to digitize and automate patient communication workflows, ultimately helping organizations dramatically improve patient outcomes and operational efficiency.
In May 2021, Memora raised a $10.5M venture round led by a16z, with participation from AlleyCorp, Martin Venturesand angels such as Zach Weinberg and Nat Turner, Co-Founders of Flatiron, and Kevin Durant and Rich Kleiman’s Thirty Five Ventures.
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