ProviderActive

ProviderActive

A SaaS solution for healthcare payors that transforms managed care

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Security Type
Crowd SAFE
Min Investment
$500
Location
Canoga Park, CA
Offering Date
August 25, 2020
Expected Close Date
March 30, 2021

Company Description

The inability of healthcare organizations to access or assemble comprehensive data drives up the cost of care, delays treatment, and further complicates managed care operations.  The healthcare data swamp is the culmination of duplicative, incomplete, and incongruent data siloed within systems across the industry and unable to deliver comprehensive and cohesive medical or manage care information.

ProviderActive transforms healthcare data into accurate, comprehensive, and contextual data, which is the foundation for meaningful and actionable information.  ProviderActive's capabilities and AtomicO8's market position is filling the space between medical services and managed care operations.  ProviderActive adding both healthcare's data and operations fracture at the industry level brings resources back to patient care.

Use of Proceeds

  • Sales & Marketing
  • Legal & Regulatory
  • Tech Development
  • Working Capital
  • Intermediary Fees
Amount Raised : $0
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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